TIRANA, April 28 /ATA/ – Gross Written Insurance Premiums income in first quarter of 2021 amounted to over 4,039 million, or up by 12.52% compared to the period between January and March 2020, according to data from the Financial Supervision Authority.
In the period January–March 2021, the number of concluded insurance contracts reached 202,944, registering a decrease of 15.61% compared to January-March 2020.
The insurance market continued to be oriented towards non-life insurance, accounting for 92.71% of the total premium volume, while life insurance account for 7.27% of the total premium volume.
The voluntary insurance written premiums account for 44.10% and compulsory insurance written premiums account for 55.90% of the total market.
In the period January-March 2021, gross paid claims in insurance market amounted to about ALL 2,083 million, or 8.27% more compared to January-March 2020.
During the period January-March 2021, gross paid claims in the motor insurance reached the value of 1,007 million lek, with an increase around 50.29% compared with the same period one year before.
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