insurance-market-gross paid claims – Albanian  Telegraphic  Agency. https://en.ata.gov.al News Agency Thu, 26 Dec 2024 16:57:23 +0000 en-US hourly 1 Insurance market grows by 7.28%, gross paid claims record an increase of 22.59% https://en.ata.gov.al/2024/12/26/insurance-market-grows-by-7-28-gross-paid-claims-record-an-increase-of-22-59/ https://en.ata.gov.al/2024/12/26/insurance-market-grows-by-7-28-gross-paid-claims-record-an-increase-of-22-59/#respond Thu, 26 Dec 2024 16:57:23 +0000 https://en.ata.gov.al/?p=252754 TIRANA, Dec 26 /ATA/ Gross Written Insurance Premiums income during January – November 2024 amounted to over ALL 22,015 million, or 7.28% more compared to January – November 2023.

According to the report published by Supervisory Financial Authority, in January – November 2024, the number of concluded insurance contracts reached 1,439,047 registering an increase of 8.81% compared to January – November 2023.

The insurance market continued to be oriented towards non-life insurance, which brought 91.78% share of the total premium volume, leaving life insurance with 8.19% share of the total premium volume and reinsurance with 0.032% share of the total premium volume. Seen from the market segmentation perspective by the following insurance types: compulsory and voluntary, the voluntary insurance written premiums account for 38.82% and compulsory insurance written premiums account for 61.18% of the total market.

In January – November 2024, gross paid claims in the insurance market amounted to about ALL 7,769 million, or 22.59% more compared to January – November 2023.
During January – November 2024, gross paid claims in the motoric insurance reached the value of ALL 5,698 million, with an increase around 29.90% compared with the same period one year before.

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