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Category: Year 2013

ALBANIAN INSURANCE MARKET DEVELOPMENTS

ALBANIAN INSURANCE MARKET DEVELOPMENTS
Albanian Insurance Market developments for the period January-September 2013

At the end of the first nine-months-period of 2013, the total volume of the written premiums in the Albanian life insurance market was increased. According to the official data from the FSA, Life insurance premiums for the period January-September 2013 reached about ALL 697 million or 11.15 % higher compared to the same period of the previous year. Meanwhile during
January – September 2013 claims paid decreased by 62.38% compared to January-September 2012.

Written Premiums of SiCRED in the period January – September 2013 reached to ALL 138,993 thousand, or 7.23 % higher compared to the period January -September 2012.

Paid Claims of SiCRED in this period amounted about ALL 14,291 thousand, showing an increase of 9.54 % compared to the period from January to September 2012.
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