Albanian insurers Jan-May gross written premiums up 3% y/y

The gross written premiums of Albanian insurers totalled 6.3 billion leks ($58.1 million/49.7 million euro) in the first five months of 2018, up 3.01% on the year, official figures show. Gross written premiums from non-life insurance rose 3.62% year-on-year to 5.8 billion leks in the January-May period, while the life insurance segment earned premiums of 432.7 million leks, down 5.31% from the prior-year level, according to figures published on the website of the Albanian Financial Supervisory Authority (AFSA) on Tuesday. Total gross claims paid decreased to 1.94 billion leks at end-May from 2.35 billion leks a year earlier. The statistics comprises data from eight insurance companies operating in Albania.

Source: Scan TV