TIRANA (Albania), August 30 (SeeNews) – The gross written premiums of Albanian insurers increased by 19% year-on-year in the seven months through July, reaching 10.9 billion leks ($104.4 million/88.5 million euro), official figures showed.
Gross written premiums from non-life insurance added 17% on the year to 10.1 billion leks in the January - July period, while the life insurance segment earned premiums of 792.4 million leks, up 36%, according to figures published by the Albanian Financial Supervisory Authority (AFSA) on Saturday.
Total gross claims paid fell to 4.2 billion leks in the review period from 4.6 billion leks in January-July 2020.
In 2020, the insurers' gross written premiums decreased by 5.73% compared with 2019, to 16.6 billion leks. The statistics comprise data from eight insurance companies operating in Albania.
(1 euro = 120.400 leks)