written premiums – Albanian  Telegraphic  Agency. https://en.ata.gov.al News Agency Mon, 29 Apr 2024 10:01:06 +0000 en-US hourly 1 Gross written insurance premiums revenue up by 1.68% in Q1, 2024 https://en.ata.gov.al/2024/04/29/gross-written-insurance-premiums-revenue-up-by-1-68-in-q1-2024/ https://en.ata.gov.al/2024/04/29/gross-written-insurance-premiums-revenue-up-by-1-68-in-q1-2024/#respond Mon, 29 Apr 2024 10:01:06 +0000 https://en.ata.gov.al/?p=233461 TIRANA, April 29 /ATA/ –  Gross Written Insurance Premiums revenue rose 1.68% year-on-year to a total value of 22.8 billion lek in the first quarter of 2024, according to data from the Financial Supervision Authority.

The Financial Supervision Authority said in its latest report that the number of the insurance contracts totaled to310 847, marking an increase by 8.96 % compared to the same period of the previous year.

The insurance market continued to be oriented towards non-life insurance premiums, accounting for 90.99% of the total volume of premiums, whereas life insurance premiums represented 8.93% of the total.

The voluntary insurance written premiums account for 42.30% and compulsory insurance written premiums account for 57.70% of the total market.

Between January and March 2024, gross paid claims in insurance market amounted to about 1,9 billion lek or 23.89% more compared to the same period of 2023.

The gross paid claims in the motor insurance reached the value of 1.3 million lek, with an increase by around 17.57% compared with the previous year.

/r.e/u.sh/

]]> https://en.ata.gov.al/2024/04/29/gross-written-insurance-premiums-revenue-up-by-1-68-in-q1-2024/feed/ 0 Gross written insurance premiums up by 16.75% in first four months of 2023 https://en.ata.gov.al/2023/05/30/gross-written-insurance-premiums-up-by-16-75-in-first-four-months-of-2023/ https://en.ata.gov.al/2023/05/30/gross-written-insurance-premiums-up-by-16-75-in-first-four-months-of-2023/#respond Tue, 30 May 2023 16:35:16 +0000 http://en.ata.gov.al/?p=207162 TIRANA, May 30 /ATA/ –   Gross Written Insurance Premiums revenue in the first during the period from January through April 2023 amounted to over 6.8 billion lek or up by 16.75 % compared to the same period of the previous year, according to data from the Financial Supervision Authority.

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.

/r.e/u.sh/

]]> https://en.ata.gov.al/2023/05/30/gross-written-insurance-premiums-up-by-16-75-in-first-four-months-of-2023/feed/ 0 Compulsory motor insurance written premiums up by 9.5% in 2022 https://en.ata.gov.al/2023/01/06/compulsory-motor-insurance-written-premiums-up-by-9-5-in-2022/ https://en.ata.gov.al/2023/01/06/compulsory-motor-insurance-written-premiums-up-by-9-5-in-2022/#respond Fri, 06 Jan 2023 15:47:36 +0000 http://en.ata.gov.al/?p=196257 TIRANA, Jan 6 /ATA/ – The compulsory motor insurance premiums rose 9.5% to about 11,696 million lek during the period from January to September 2022, registering an 11.10% year-on-year increase compared to the same period of the previous year.

Data from the Albanian Financial Supervisory Authority (AFSA), the Domestic MTPL Insurance Premiums registered an increase by 6.99% of the gross written premium volume in the January-September 2022 period. The number of contracts increased by 5.03% compared to January-September 2021.

Green Card Insurance Premiums registered an increase by 38.85% of the gross written premium volume in the period of January-September 2022. The number of contracts increased by 59.79% compared to January-September 2021.

Border Insurance Premiums registered an increase by 11.39% of the gross written premium volume in the period of January-September 2022 compared to January-September 2021. The number of contracts increased by 21.24%.

/j.p/r.e/u.sh/

]]> https://en.ata.gov.al/2023/01/06/compulsory-motor-insurance-written-premiums-up-by-9-5-in-2022/feed/ 0