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Albanian insurers' 8-mo gross written premiums rise 19%

Albanian insurers' 8-mo gross written premiums rise 19% wrangler/Shutterstock.com

TIRANA (Albania), September 29 (SeeNews) - The gross written premiums of Albanian insurers increased by 19.28% year-on-year in the eight months through August, reaching 12.7 billion leks ($120.7 million/103.3 million euro), official figures showed.

Gross written premiums from non-life insurance added 18.32% on the year to 11.7 billion leks in the January – August period, while the life insurance segment earned premiums of 904.1 million leks, up 29.8%, according to figures published by the Albanian Financial Supervisory Authority (AFSA) on Monday.

Total gross claims paid fell to 4.6 billion leks in the review period from 5.0 billion leks in January-August 2020.

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

(1 euro = 120.438 leks)

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