EIB experts led by Alessandro de Concini met with AFSA to drive the development of the national green taxonomy, key to bolstering sustainable finance and aligning with EU green recovery standards.

Xhemali expressed appreciation for the EIB’s continued assistance in developing the national green taxonomy. She emphasized that this vital project, steered by the Authority, is instrumental to aligning with EU requirements for Chapter 9, ‘Financial Services’.

During the meeting there was also highlighted the Authority’s EU alignment priority and there were explored opportunities to strengthen partnership with the European Investment Bank.

In this context, AFSA recognizes EIB as an essential partner, accelerating the green transition and EU integration through crucial financing and technical expertise. /j.p/p.s./

AFSA data show the Domestic MTPL Insurance Premiums recorded an increase by 12.48% of the gross written premium volume in the reviewed period.

The number of insurance contracts in the first two months of 2025 also increased 5.57% compared with the same period of the previous year.

Green Card Insurance Premiums in January through February 2025 registered an increase by 11.17% of the gross written premium volume. The number of contracts also increased by 23.95% compared with the same period of 2024.

Border Insurance Premiums registered an increase by 6.11% of the gross written premium volume compared with same period of 2024, while number of contracts rose 6.42%.

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According to the latest report published by the Albanian Financial Supervision Authority (AFSA), net value of the investment funds, in addition to the alternative funds, reached 51 billion lek, up 12.39% compared with the same period of 2023.

Data show that in addition to the value of assets, the number of members of investment funds has also increased 11.03%  to 36 001 in the third quarter of 2024.

The market is mainly dominated by investments in government securities, accounting for 83.37% of the assets held by the investment funds, whereas investments in the international financial markets accounted for 6.01%.

Some 17 investment funds operated in the Albanian market during this period.

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AFSA data show the Domestic MTPL Insurance Premiums recorded an increase by 9.85% of the gross written premium volume in the reviewed period.

The number of insurance contracts also increased 9.56% compared with the same period of the previous year.

Green Card Insurance Premiums in January through October 2024 registered an increase by 2.21% of the gross written premium volume. The number of contracts also increased by 19.98% compared with the same period of 2023.

Border Insurance Premiums registered a decrease by 11.06% of the gross written premium volume compared with same period of 2023. The number of contracts declined by 11.39% .

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According to the latest Financial Supervisory Authority, the number of the voluntary insurance contracts rose by 8.66% compared to the same period of 2023 to a total of 1 316 983 contracts.

The insurance market continued to be oriented towards non-life insurance premiums, accounting for 91.89% of the total volume of premiums, life insurance premiums represented 8.07% of the total.

The voluntary insurance written premiums account for 39.25% and the compulsory insurance written premiums account for 60.75% of the total of the market.

The gross paid claims were estimated at around 7 billion lek, rising 22.75% year-on-year during the reviewed period.

Between January and October 2024, gross paid claims in the motor insurance amounted to about 5188 million lek, up by 30.69% compared to the same period of 2023.

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The gross paid claims were estimated at around 6.1 billion lek, rising 25.71% year-on-year during the reviewed period.

The insurance market continued to be oriented towards non-life insurance premiums, accounting for 91.92% of the total volume of premiums, life insurance premiums represented 8.05% of the total.

The voluntary insurance written premiums account for 39.61% and compulsory insurance written premiums account for 69.39% of the total market.

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According to the latest report published by the Albanian Financial Supervision Authority (AFSA), the market is mainly dominated by investments in government securities, accounting for 61.63% of the assets held by the investment funds, down by 1.03% compared to the end of 2023.

Data show that in addition to the value of assets, the number of members of investment funds has also increased by 3.27%  to 33,243 until end of March 2024 compared to the end of last year.

Some 16 investment funds operated in the Albanian market during the period between January and March 2024.

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According to the latest report published by the Albanian Financial Supervision Authority (AFSA), the market is mainly dominated by investments in government securities, accounting for 64.17% of the assets held by the investment funds, registering an increase by 5.36% compared with 2022.

In addition to the value of assets, the number of members also increased during this period.

Some 13 investment funds operated in the Albanian market during 2023.

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According to the Financial Supervisory Authority, the number of the voluntary insurance contracts slightly by 0.01% compared to 2022.

The non-life insurance premiums increased 13.16% year-on-year in 2023.

Fire and other property damage insurance dominated the property, liability and guarantee portfolio with a total of over 3.8 billion lek, up by 64.40%, followed by general responsibility with 25.90% of the total.

The fire and force majeure insurance portfolio rose 15.73% in the volume of gross written premiums during 2023, whereas number insurance contracts under this portfolio increased by 7.79 % compared to 2022.

Income from accident and health insurance contracts amounted to about 1,3 billion lek, down by 1.04% compared to 2022.

The life insurance premiums amounted to over 1.8 billion lek, up by 10.31% compared to the same period of the previous year.

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Data from the Albanian Financial Supervisory Authority (AFSA) show that the Domestic MTPL Insurance Premiums recorded an increase by 8.20% of the gross written premium volume in 2023.

The number of contracts increased by 9.21% compared with 2022.

Green Card Insurance Premiums registered an increase by 1.16% of the gross written premium volume. The number of contracts increased by 38.10% compared with last year.

Border Insurance Premiums registered an increase by 1.11% of the gross written premium volume compared with 2022

The number of contracts increased by 11.58% .

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