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Albanian insurers' 11-mo gross written premiums rise 18%

Albanian insurers' 11-mo gross written premiums rise 18% wrangler/Shutterstock.com

TIRANA (Albania), December 29 (SeeNews) - The gross written premiums of Albanian insurers increased by 17.6% year-on-year in the eleven months through November, reaching 17.4 billion leks ($161.7 million/142.8 million euro), official figures showed.

Gross written premiums from non-life insurance added 16.9% on the year to 16.1 billion leks in the January – November period, while the life insurance segment earned premiums of 1.24 million leks, up 24.2%, according to figures published by the Albanian Financial Supervisory Authority (AFSA).

Total gross claims paid fell to 6.0 billion leks in the review period from 6.8 billion leks in January-November 2020.

In 2020, the insurers' gross written premiums decreased by 5.73% compared to 2019, to 16.6 billion leks. The statistics comprise data for eight insurance companies operating in Albania.

(1 euro = 119.245 leks)

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