TIRANA (Albania), May 5 (SeeNews) - The gross written premiums of Albanian insurers increased by 5.96% year-on-year in the first quarter of 2022, reaching 4.3 billion leks ($37.0 million/35.1 million euro), official figures show.
Gross written premiums from non-life insurance rose by 5.74% on the year to 4.0 billion leks in January-March, while the life insurance segment earned premiums of 318.9 million leks, up 8.57%, according to figures published by the Albanian Financial Supervisory Authority (AFSA) last week.
Total gross claims paid fell to 1.46 billion leks in the review period from 2.0 billion leks in the first quarter of 2021.
Last year, the insurers' gross written premiums increased by 16% compared with 2020, to 19.3 billion leks.
The statistics comprises data from eight insurance companies operating in Albania.
(1 euro = 119.356 leks)