The Albania Financial Services Authority (AMF) published its statistical bulletin on the insurance market for January–March 2025, reporting gross written premiums of ALL 5,598 million, up 7.09% year on year, and 347,838 insurance contracts, up 11.90%. Gross paid claims totalled about ALL 1,921 million, down 3.77% versus January–March 2024. Non-life insurance continued to dominate, accounting for 90.45% of premiums, compared with 9.48% for life and 0.071% for reinsurance. Compulsory insurance represented 60.44% of premiums and voluntary lines 39.56%. Compulsory motor insurance premiums reached around ALL 3,384 million (+12.18%), with domestic MTPL premiums up 12.94% (contracts +6.17%), Green Card premiums up 9.23% (contracts +19.79%), and border insurance premiums up 0.51% (contracts down 1.10%). Voluntary insurance premiums were broadly flat at around ALL 2,215 million (+0.14%) while contracts rose 15.70%; life insurance premiums increased to about ALL 531 million (+13.67%). Motor insurance accounted for the largest share of paid claims at around ALL 1,454 million (75.70% of total), and the bulletin shows average claim values falling for domestic MTPL (ALL 149,000 from ALL 153,000) and Green Card (ALL 407,000 from ALL 480,000), while rising for casco (ALL 118,000 from ALL 114,000). Paid-claims figures include Compensation Fund claims reported by the Albanian Insurance Bureau.
Albania Financial Services Authority 2025-04-25
Albania Financial Services Authority publishes January–March 2025 insurance market statistics showing gross written premiums up 7.09%
The Albania Financial Services Authority reported a 7.09% increase in gross written premiums to ALL 5,598 million and an 11.90% rise in insurance contracts for Q1 2025. Non-life insurance dominated with 90.45% of premiums, while compulsory insurance accounted for 60.44%. Gross paid claims decreased by 3.77% to ALL 1,921 million, with motor insurance claims comprising 75.70% of the total.