Non-life insurance, which accounts for the largest share of the market, generated 18.8 billion leks in premiums, up 1.5% from the same period last year.

Within the segment, premiums from fire and natural disaster insurance fell by 14.4%, reducing their share of total non-life premiums to 8.6% from 10.2% a year earlier.

Health insurance premiums, by contrast, rose by 12.2% year-on-year.

Life insurance premiums increased by 6.8% in January-September. The segment remains heavily reliant on borrower life insurance linked to loans from financial institutions.

Borrower life insurance accounted for 84.1% of total life insurance premiums, up from 82.6% in the same period of 2025.

The data point to moderate overall growth in Albania’s insurance market, with performance varying across product categories.

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Data from the Financial Supervisory Authority show that the number of pension fund members in the first quarter of 2025 amounted to 46, 377 members, registering an increase of 3.23% compared to the same period of the previous year.

The value of net assets of seven active pension funds was estimated at 13.36 billion lek (85.21 million euros) in the end of March, up by 3.83% compared to December 2024.

Seven private pension funds operated between January and March 2025.

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According to the latest Financial Supervisory Authority, the number of the voluntary insurance contracts rose 18.75% year-on-year to a total of 124 025 contracts.

The insurance market continued to be oriented towards non-life insurance premiums, accounting for 90.38% of the total volume of premiums, whereas life insurance premiums represented 9.54% of the total.

The voluntary insurance written premiums account for 60.56% and compulsory insurance written premiums account for 39.44% of the total market.

The gross paid claims in January 2025 were estimated at around 687 million lek, rising 12.95% year-on-year during the reviewed period.

Gross paid claims in the motor insurance amounted to about 515 million lek, up by 24.74% compared to the same period of 2024.

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According to FSA data, the number of the insurance contracts also increased 8.84% to a total of 1 595 687 contracts in 2024.

The insurance market continued to be oriented towards non-life insurance premiums, accounting for 91.51% of the total volume of premiums, whereas life insurance premiums represented 8.45% of the total.

The voluntary insurance written premiums account for 38.55% and compulsory insurance written premiums account for 61.45% of the total market.

In 2024 period, gross paid claims in insurance market amounted to about 8,656 billion lek or 24.38% more compared to 2023.

The gross paid claims in the motor insurance reached the value of 6,239 million lek, with an increase by around 30.17% compared with the same period of 2023.

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The Financial Supervisory Authority said Friday that the number of pension fund members in the first quarter of 2024 amounted to 39 910 members, registering an increase of 4.53% compared to the same period of the previous year.

The value of net assets of the pension funds was estimated at 7 billion lek (68.24 million euros) in the end of March, up by 4.81% or 282 million lek compared to December 2023.

Six private pension funds operated between January and March 2024.

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According to the latest Financial Supervisory Authority, despite the decline in insurance written premiums, the number of the voluntary insurance contracts rose by 2.31% compared to the same period of 2023.

The life insurance premiums increased during the reviewed period between January and April 2024.

The life insurance premiums amounted to over 660 million lek up by 16.49% compared to the same period of the previous year.

The non-life insurance premiums decreased by 9.94% in the first four months of this year.

Fire and other property damage insurance dominated the property, liability and guarantee portfolio with a total of over 1.2 billion lek, up by 66.21%, followed by general responsibility with 24.30% of the total.

The fire and force majeure insurance portfolio decreased 34.55% in the volume of gross written premiums during the first four months of 2024, whereas number insurance contracts under this portfolio increased by 3.86 % compared to the same period of 2023.

Income from accident and health insurance contracts amounted to about 509 million lek, up by 20.54% compared to January-April 2023.

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According to FSA data, the number of the insurance contracts also increased 204,626.

The insurance market continued to be oriented towards non-life insurance premiums, accounting for 91.28% of the total volume of premiums, whereas life insurance premiums represented 8.72% of the total.

The voluntary insurance written premiums account for 42.64% and compulsory insurance written premiums account for 57.36% of the total market.

During the January-February 2024 period, gross paid claims in insurance market amounted to about 1,286 billion lek or 19.03% more compared to the same period of the previous year.

The gross paid claims in the motor insurance reached the value of 815 million lek, with an increase by around 9.76% compared with the same period of 2023.

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According to FSA data, the number of the insurance contracts also increased by 14.31% year-on-year to 384 225 contracts.

The insurance market continued to be oriented towards non-life insurance premiums, accounting for 91.67% of the total volume of premiums, life insurance premiums represented 8.31% of the total.

The voluntary insurance written premiums account for 46.69% and compulsory insurance written premiums account for 53.31% of the total market.

In the first four months of 2023, gross paid claims in insurance market amounted to about ALL 2,108 million, or 3.26% more compared to January through April 2022.

The gross paid claims in the motor insurance reached the value of 1.5 billion lek, with an increase by around 9.83% compared with the same period of the previous year.

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Data from the Financial Supervisory Authority said Friday that the number of pension funds members amounted to 37060 members, registering an increase of 1.48% compared to end of December 2022.

Fiv epension funds operated in the voluntary private pension market during the period January- March 2023. The data analysis of the voluntary private pension market shows total net assets of ALL 5.9 billion lek, with an increase of about ALL 265.98 million or up by around 4.67% since beginning of the year.

In order to align legislation with the European Directive IORP II and the best international standards, as well as to improve legal framework that regulates the market of private pension funds, the Financial Supervision Authority has drafted a new bill on private pension funds.

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The quarterly FSA report also shows that the number of the voluntary insurance contracts also increased by 15.23% year-on-year to 285 282 contracts.

The insurance market continued to be oriented towards non-life insurance premiums, accounting for 91.88% of the total volume of premiums, life insurance premiums represented 8.09% of the total.

The voluntary insurance written premiums account for 46.58% and compulsory insurance written premiums account for 53.42% of the total market.

In the first quarter of 2023, gross paid claims in insurance market amounted to about ALL 1,611 million, or 10.10% more compared to January through March 2022.

The gross paid claims in the motor insurance reached the value of 1,155 million lek, with an increase by around 15.16% compared with the same period of the previous year.

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