TIRANA, Sept 27 /ATA/ – Albania’s insurance market posted solid growth in the January – August 2025 period, reflecting broader coverage across the sector, according to official data from the Financial Supervisory Authority (AMF).
Gross written premiums reached 17.9 billion lek, up 9.53% compared with the same period in 2024, while the number of insurance contracts rose 6.12% year-on-year to over 1.1 million.
The market remains dominated by non-life policies, accounting for 91.57% of total premiums, while life insurance represents 8.40% and reinsurance just 0.026%.
Mandatory policies made up 61.84% of the market, with voluntary insurance covering the remaining 38.16%.
Meanwhile, gross claims paid declined by 2.27% to 5.47 billion lek. However, within motor insurance, claims rose 2.59% to 4.2 billion lek, underlining stronger dynamics in this segment.
/j.p/u.sh/
