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.

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Premiums from compulsory motor insurance for the January – May period reached approximately 7.532 billion lek, marking a 13.38% increase compared to the same period last year.

The domestic compulsory vehicle insurance (MTPL) saw a 13.39% rise in gross written premiums from January to June 2025, accompanied by a 7.01% increase in the number of contracts compared to the same period in 2024.

International “Green Card” insurance also grew considerably, with gross written premiums increasing by 14.52% and the number of contracts rising by 11.23% year-on-year.

Border insurance, offered to foreign vehicles entering Albania, similarly showed growth with a 5.50% increase in gross written premiums and a 3.74% rise in contracts compared to the first half of 2024.

These increases reflect growing interest from citizens and businesses in securing financial protection through motor vehicle insurance.

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However, according to the Financial Supervisory Authority, the number of the voluntary insurance contracts edged up by 4.10% compared to the same period of 2023.

Financial Supervisory Authority said in its latest report that the non-life insurance premiums increased 3.49% year-on-year in the period from January to July 2024.

Fire and other property damage insurance dominated the property, liability and guarantee portfolio with a total of 2.6 billion lek, up by 72.68%, followed by general responsibility with 18.59% of the total.

The fire and force majeure insurance portfolio rose 3.27% in the volume of gross written premiums, whereas the number of insurance contracts increased by 3.55% during the reviewed period.

Revenue from accident and health insurance contracts amounted to about 914 million lek, up by 2.28% compared to the same period of 2023.

The life insurance premiums amounted to over 1.1 billion lek, up by 13.16% compared to the same period of the previous year.

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The Financial Supervision Authority said in its latest report that the insurance market continued to be oriented towards non-life insurance premiums, accounting for 90.63% of the total volume of premiums in the period between January and April, whereas life insurance premiums represented 9.63% of the total.

The voluntary insurance written premiums account for 42.60% and compulsory insurance written premiums account for 57.40% of the total market.

The number of the insurance contracts totaled to 424 991, marking an increase by 10.61% compared to the same period of the previous year.

Between January and April 2024, gross paid claims in insurance market amounted to about 2.788 billion lek, up by 32.27% compared to the same period of 2023.

The gross paid claims in the motor insurance reached the value of 1.9 million lek, with an increase by around 28.78% compared to the previous year.

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According to FSA data, the number of the insurance contracts also increased by 10.63% to 1,466,080 compared to 2022.

The insurance market continued to be oriented towards non-life insurance premiums, accounting for 91.82% of the total volume of premiums, life insurance premiums represented 8.12% of the total.

The voluntary insurance written premiums account for 38.94% and compulsory insurance written premiums account for 61.06% of the total market.

During 2023, gross paid claims in insurance market amounted to about 6,959 million lek or 1.89% more compared to 2022.

The gross paid claims in the motor insurance reached the value of 4.793 million lek, with an increase by around 7.81% compared with the previous year.

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According to the Financial Supervisory Authority, the number of the voluntary insurance contracts also increased by 2.27% compared to the same period of the previous year.

The non-life insurance premiums increased 20.31% year-on-year in the first half of this year.

Fire and other property damage insurance, accounting for about 68.05%, dominated the property, liability and guarantee portfolio, which recorded a total of net income of 2.494 billion lek during the period from January through June 2023, followed by insurance of general responsibility with 23.66% of the total.

The fire and force majeure insurance portfolio rose 22.34% in the volume of gross written premiums during this period, whereas number insurance contracts under this portfolio increased by 3.46% compared to the same period of last year.

Income from accident and health insurance contracts amounted to about 726 million lek, down by 0.43% compared to the same period of 2022.

The life insurance premiums amounted to over 897 million lek, up by 21.50% compared to the same period of the previous year.

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Number of the voluntary insurance contracts also increased by 38.72% compared to the same period of the previous year.

According to FSA, life insurance premiums amounted to about 583 million lek during January through May period, up by 18.11% compared to the same period of the previous year.

The insurance market continued to be oriented towards non-life insurance premiums that rose 7.58% year-on-year during the first five months.

The property, liability and guarantee portfolios provided over 1.593 million lek in income, with fire and other property damages ranking first and with about 70.73%, followed by general liability insurance with 21.51% of the total.

Accident and health insurance income amounted to about 601 million lek, registering an increase of 14.26% compared to the same period of 2021.

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