Voluntary Insurance Increasing
Albanian Daily News
Published October 4, 2016

Voluntary insurance premiums for the period January - August 2016 were over ALL 3,590 million or 0.21% more than the same period last year. The number of insurance contracts decreased by 11.84 % compared to the period January - August 2015, financial supervisory authority report showed Monday.

Non-Life voluntary insurance during the period January - August 2016 experienced an increase by 1.35% compared to the same period last year.

During the reporting period, January - August 2016, the total revenues in the portfolios of property, Liability and Guarantee insurance, were about ALL 1,585 million. The biggest share of this portfolio, with 70.51%, was taken by Fire and other Property Damage insurance, followed by General Liability insurance with about 20.61%.

Gross written premiums in Insurance against Fire and Natural Forces portfolio, during the period January - August 2016 decreased by 9.49% compared to the same period last year. The number of contracts increased by 16.22% compared to January - August 2016.

Gross written premium volume in Accidents and Health insurance was about ALL 844 million in the period January - August 2016, experiencing an increase by 3.36% compared to the same period last year.

Life insurance premiums for the period January - August 2016 reached over ALL 597 million or 5.12% less than the period January - August 2015.

Payment of claims, during the period January - August 2016, increased by 36.37% compared to the period January - August 2015. Most of the gross paid claims were related to Motor insurance, about ALL 1,693 million or 63.80% of total gross paid claims.





Politics
MORE
Economy
MORE
Social
MORE
Current Events
MORE
Op-Ed
MORE
World News
MORE