TIRANA, Jan 6 /ATA/ Voluntary insurance this year recorded a higher share in insurance market.
Data from Financial Supervision Authority (FSA) show that for the 11-month period 2021, voluntary insurance constituted 33.% of gross written premiums in the non-life market, from 31.7% a year ago.
According to the report of the Financial Supervision Authority (FSA), voluntary insurance premiums during the period January-November 2021 reached about 6,689 million ALL, 24.35% more than in the period January-November 2020. The number of voluntary insurance contracts increased by 21.00 % compared to the period January-November 2020.
In the period January–November 2021, Voluntary Non -Life Insurance Premiums registered an increase by 23.85% compared to January–November 2020.
In the period January–November 2021 the Property, Liability and Guarantee portfolios provided over 3,168 million ALL revenue in total, with the Fire and Other Property Damages constituting about 59.89%, followed by General Liability insurance with 30.48% of the total income.
In the period January–November 2021 the insurance Against Fire and Disasters portfolio registered an increase of 35.10% of gross written premium volume of this portfolio and an increase by 10.19% in the number of insurance contracts compared to January–November 2020.
In the period January–November 2021 Accident and Health Insurance income amounted to about ALL 1,077 million, marking an increase of 14.52% compared to January–November 2020.
In the period January–November 2021, Life insurance premiums amounted to about ALL 1,244 million, or 24.17% more compared January–November 2020.
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