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Category: Year 2013

ALBANIAN INSURANCE MARKET

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

At the end of the first six-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-June 2013 reached about ALL 470 million or 15.10% higher compared to the same period of previous year. Meanwhile during January – June 2013 claims payments decreased by 62.93% compared to January-June 2012.

Written Premiums of SiCRED in the period January – June 2013 reached to ALL 107,657 thousand, or 18.1% higher compared to the period January -June 2012.

Paid Claims of SiCRED in this period amounted about ALL 8,503 thousand, showing a decrease of 25.44% compared to the period from January to June 2012.

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