October 28 (SeeNews) - The gross written premiums of Albanian insurers increased by 18% year-on-year in the nine months through September, reaching 14.2 billion leks ($133.2 million/114.8 million euro), official figures showed on Thursday.
Gross written premiums from non-life insurance added 17% on the year to 13.1 billion leks in the January – September period, while the life insurance segment earned premiums of 1.02 million leks, up 25.24%, according to figures published by the Albanian Financial Supervisory Authority (AFSA).
Total gross claims paid fell to 5.2 billion leks in the review period from 5.6 billion leks in January-September 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 = 121.138 leks)