Insurance Market Developments in Albania for the period January-May 2019

Main features

During January – May 2019 the insurance market experienced an increase by 7.61% compared to January – May 2018. Gross insurance premiums amount to ALL 6,754,513 thousand, increasing by ALL 472,412 thousand.

The number of insurance policies reached 482,741 which indicate an increase 5.22% compared to January – May 2018.

Gross insurance premiums in Non-Life insurance business reached the value of ALL 6,227,196 thousand, which indicate an increase by 6.65% compared with January – May 2018.

The number of Non-Life insurance policies reached 436,580 which are 7.30% more than January – May 2018.

During January – May 2018, the paid claims are in the amount of 2,342,227 thousand, or 3.73% more than January – May 2018.

During January – May 2018, there is a increase of 1,813 in the number of paid claims, which reached the number of 19,535 paid claims. The Non-Life insurers paid 18,648 claims.

 

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