The Insurance premium revenues for the period January - June 2012 were about ALL 4,072 million, or 5.56% less compared to the same period last year.  During this reporting period, the number of signed insurance contracts were 469,449 or 25.40% less compared with January – June 2011. The market continued to be dominated by Non Life insurance, which contributed with 88.63% of the total premium volume. Life insurance market share was 11.26% and reinsurance was 0.10% of the total premium volume. Market shares of voluntary and compulsory insurance gross written premiums were respectively 54.48% and 45.52%.

During the first half of 2012, the total paid claims were about ALL 1,501 million. This show an increase of 35.96% compared to January – June 2011.

Compulsory Motor Insurance

During the period January - June of this year, the compulsory motor insurance premiums were about ALL 1,854 million, or 2.71% less than January - June 2011.

Gross written premiums in Domestic MTPL insurance, increased by 24.26% in January - June 2012. The number of contracts also shows an increase by 2.41% compared with January - June 2011.

Gross written premiums in Border insurance, January - June 2012, increased by 5.14%. The number of contracts also increased by 12.64% compared to January – June 2011.

Gross written premiums in Green Card insurance, decreased by 51.39% in January - June 2012 compared with the previous year. Meanwhile there was an increase by 13.97% in the number of contracts compared with January – June 2011. The decreased of Green Card insurance premiums is related with the compulsory insurance market liberalization on August 2011.

Voluntary Insurance

Voluntary insurance premiums for the period January - June 2012 were about ALL 2,218 million or 7.81% less than January - June 2011. The number of insurance contracts has also dropped by 37.67% compared to January – June 2011.

Non Life voluntary insurance, decreased by 6.80% in January – June 2012 compared with January – June 2011.

Total revenues in the portfolios of property, liability and guarantee insurance, were about ALL 1,132 million. The biggest share of this portfolio with 69.66% was taken by fire and property damage insurance, followed by general civil liability insurance with about 22.56%.

Gross written premiums in fire and additional risk insurance portfolio, during the period January - June 2012 decreased by 6.64% in terms of insurance contracts, meanwhile there was a increase of the volume of gross written premiums of this portfolio by 11.21% compared to January – June 2011.

Revenues from personal accidents and health insurance were about ALL 346 million in January – June 2012 experiencing a decrease by 32.05% compared with January – June 2011. The biggest share of revenues this insurance class was taken by accidents insurance with 58.06%.

Life insurance, premiums in January - June 2012 reached about ALL 459 million or 10.66% less than January – June 2011.

Gross Paid Claims

Payment of claims in January - June 2012 increased by 35.96% compared with January – June 2011. Most of the gross paid claims were related to motor insurance which were about ALL 1,045 million or 69.63% of total gross paid claims.

The table below shows the average claim of motor insurance products.

                                                                                                                                             In Thousand ALL