Albanian insurance market totaled ALL 8.53 billion (EUR 60.88 million) at the end of 2013, or 4.63% less y-o-y, according to the preliminary financial data published by the Albanian Financial Supervisory Authority (FSA). The downward trend was felt in the decrease of the number of insurance contracts, which showed a 5.87% decrease y-o-y to 995,732.

The Albanian market continued to be dominated by non-life insurance, with an about 88% share in the total premium volume. Life insurance market's share was slightly above 11%, while the reinsurance accounted for less than 1%.

Payment of claims, during the year 2013, decreased by 3.34% y-o-y to ALL 2.71 billion (EUR 19.35 million. Most of the gross paid claims were related to motor insurance, about ALL 2.21 billion or 81.50% of total gross paid claims.

Access www.xprimm.com and download the FY2013 Albanian insurance market statistics.

Market indicators (in EUR and ALL):

• GWP
• Claims 
• Growth rates
• Portfolio
  

Market rankings (in EUR and ALL) - GWP/Claims/Growth rates/Market shares:

• Life
• Non-life
• Motor/DMTPL/Green Card
• Property
• Accidents & Health