Insurance Market Developments in Albania for the period January-April 2018

Main features

  • During January-April 2018 the insurance market experienced an increase by 3.44% compared to January-April 2017. Gross insurance premiums amount to ALL 4,893,933 thousand, increasing by ALL 157,956 thousand.
  • The number of insurance policies reached 356,630 which indicate an increase 6.07% compared to January-April 2017.
  • Gross insurance premiums in Non-Life insurance business reached the value of ALL 4,566,346 thousand, which indicate an increase by 6.62% compared with January-April 2017.
  • The number of Non-Life insurance policies reached 314,681 which are 6.62% more than January-April 2017.
  • Gross insurance premiums in Life insurance business reached the value of ALL 323,142 thousand, which indicate a decrease 6.24% compared to January-April 2017.
  • The number of Life insurance policies reached 41,940 which indicate an increase by 2.08% compared to January-April 2017.
  • During January-April 2018, the paid claims are in the amount of 1,569,415 thousand, or 17.60% less than January-April 2017.
  • In January-April 2018, there is a decrease of 3,347 in the number of paid claims, which reached the number of 13,694 paid claims. The Non-Life insurers paid 13,128 claims and Life insurers paid 566 claims.