STATISTICS: ALBANIAN insurers posted about EUR 79 million in GWP at the end of September

The Albanian insurance market reached over ALL 10.8 billion (EUR 78.6 milion) for the period January - September 2016, or 7.2% more y-o-y, according to the quarterly market statistics published by AFSA - Albanian Financial Supervisory Authority. During the analysed period, the number of issued insurance contracts reached 808,881 showing a decrease of 0.4% y-o-y. The total of paid claims was about ALL 2.9 million or 27.8% more, compared to the period 3Q 2015.

"The market continued to be dominated by non-Life insurance, which share was 93.5% of the total premium volume, life insurance and reinsurance market share was respectively 6.2% and 0.3% of the total premium volume. Market shares of voluntary and compulsory insurance GWP were respectively 38.2% and 61.8%", AFSA's officials pointed out in a statement.

On the life insurance segment, the first position was held by SIGAL Life UNIQA Group Austria - with 66% market share, while on the non-life insurance segment, the largest insurer was SIGAL UNIQA Group Austria which accounted for almost 28% market share.

Access www.xprimm.com and download the 3Q2016 Albanian insurance market statistics.

Follow XPRIMM Publications on LinkedIn, for more data on the insurance and financial industry.

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