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Albanian insurers Jan-Nov gross written premiums up 6%

Albanian insurers Jan-Nov gross written premiums up 6% License: Creative Commons CC0

TIRANA (Albania), December 27 (SeeNews) – The gross written premiums of Albanian insurers increased to 15.1 billion leks ($139.6 million/122.6 million euro) in the first 11 months of 2018, up 6.02% year-on-year, official figures show.

Gross written premiums from non-life insurance added 6.61% to 14.1 billion leks in the January-November period, while the life insurance segment earned premiums of 1.0 billion leks, down 1.78%, according to figures published on the website of the Albanian Financial Supervisory Authority (AFSA) on Wednesday.

Total gross claims paid decreased to 6.2 billion leks as at the end of November from 4.9 billion leks a year earlier.

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

(1 euro = 122.001 leks)