Albanian insurers GWPs up annual 3.6% in Jan

Gross written premiums from non-life insurance rose by 3.44% on the year to 1.6 billion leks in January, while the life insurance segment reported an increase of 5.37% in premiums, to 170.6 million leks, the Albanian Financial Supervisory Authority (AFSA) said in a data release on Wednesday.

Total gross claims paid decreased by 8.50% on the year to 607 million leks in January.

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, official figures showed last month.

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

(1 euro = 104 Albanian leks)