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Albanian insurers gross written premiums rise 16% in 2021

Albanian insurers gross written premiums rise 16% in 2021 wrangler/Shutterstock.com

TIRANA (Albania), January 26 (SeeNews) - The gross written premiums of Albanian insurers increased by 16% year-on-year in 2021, reaching 19.3 billion leks ($178.3 million/157.8 million euro), official figures showed on Wednesday.

Gross written premiums from non-life insurance added 15% on the year to 17.8 billion leks in 2021, while the life insurance segment earned premiums of 1.43 million leks, up 23%, according to figures published by the Albanian Financial Supervisory Authority (AFSA).

Total gross claims paid fell to 6.7 billion leks in the review period from 7.5 billion leks a year earlier.

The statistics comprise data for eight insurance companies operating in Albania.

(1 euro = 119.872 leks)

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