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NEWS ALERT
November 1st, 2011
 
 
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NEWS ALERT
ALBANIA: More than 5% market increase in 3Q 2011
Insurance premium revenues in January - September 2011 were about ALL 6.52 billion (EUR 46.27 million), or 5.2% (in local currency) more than the same period in 2010, according to Albania’s Financial Supervisory Authority.
The Albanian insurance market continued to be dominated by non-life insurance, which accounted for more than 87% of the total premium volume (gross written premiums of ALL 5.72 billion / EUR 40.60 million). Meanwhile, life insurance has increased by over 30%, continuing the trend registered at the end of June, 2011.

Access www.xprimm.com and download the 3Q2011 Albanian insurance market statistics

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TURKEY: insurance market growing at a high speed
First half of 2011 meant for the Turkish insurance market a nominal growth in written premiums of about 25%, up to TRY 8.9 billion (EUR 3.8 billion), according to the data published by the Association of Insurance and Reinsurance Companies of Turkey.
Life insurance line registered a high y-o-y growth rate, of almost 40%, adding two percentage points to their market portfolio share, up to 17%. On the non-life side, motor insurance lines remain the main source of business, with a 37% share of the total written premium, while property insurance classes maintained their total weight almost unchanged, at about 22%.

Access www.xprimm.com and download the 1H2011 Turkish insurance market statistics

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