The Albanian Authority of Financial Supervision has released a report on the incomes allocated from gross premiums written during January – May 2015 period which reached the value of ALL 5.166 million. Incomes increased by 17.44% during 2015, compared to January – May 2014 period.
According to the report, the number of insurance contracts signed during this period reached the number of 395,185, increasing by 8.46% compared to the same period of a year ago. Most of the insurance contracts signed are Non-life insurance contracts which brought 92.31% of the total volume of premiums while Life insurance contracts by 7.46%.
The report also shows that gross premiums written of voluntary insurance comprise about 42.09% of the total while those of obligatory insurance comprise 57.91% of the insurance market.
News source: ATA
Photo credits: Purple Slog / Flickr