premium-income-market – Albanian  Telegraphic  Agency. https://en.ata.gov.al News Agency Fri, 28 May 2021 20:32:58 +0000 en-US hourly 1 Insurance market/ FSA: Premium income increase 13 % https://en.ata.gov.al/2021/05/28/insurance-market-fsa-premium-income-increase-13/ https://en.ata.gov.al/2021/05/28/insurance-market-fsa-premium-income-increase-13/#respond Fri, 28 May 2021 20:32:58 +0000 http://en.ata.gov.al/?p=148973 TIRANA, May 28 /ATA/ Gross Written Insurance Premium income during the period January-April 2021 amounted to over ALL 5,355 million, or 13.54% more compared to January-April 2020.

In the period January–April 2021, the number of concluded insurance contracts reached 269,245 registering a decrease of 5.31% compared to January-April 2020, according to report of Financial Supervisory Authority.

The insurance market continued to be oriented towards non-life insurance, which brought 92.67% share of the total premium volume, leaving life insurance with 7.31% 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 45.16% and compulsory insurance written premiums account for 54.84% of the total market.
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