Albanian insurers GWPs up 8% y/y in Jan-Feb

Gross written premiums from non-life insurance rose by 7.78% on the year to 3.25 billion leks in the January-February period, while the life insurance segment reported an increase of 13% in premiums, to 311 million leks, the Albanian Financial Supervisory Authority (AFSA) said in a monthly release.

Total gross claims paid decreased by 19% on the year to 1.28 billion leks in the two months.

In 2023, the gross written premiums of Albanian insurers increased to 22.8 billion leks, up by 8.86% as compared to the previous year, AFSA has said.

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

(1 euro = 102.9 Albanian leks)