The insurance premium revenues for January-September 2014 were about ALL 8,585 million, or 45.21% more compared to the January-September 2013. During the period January-September 2014, the number of signed insurance contracts was 757,913 showing an increase of 0.07% compared to the same period last year. The market continued to be dominated by Non-Life insurance, which share was 90.83% of the total premium volume. Life insurance market share was 8.85% and Reinsurance was 0.32%. Market shares of voluntary and compulsory insurance gross written premiums were respectively 41.26% and 58.74%.

The total of paid claims during the period January-September 2014 was over ALL 2,000 million or 1.40% more, compared with the period January-September 2013.

Compulsory Motor Insurance

During the period January-September 2014, the compulsory motor insurance premiums were over ALL 5,027 million, showing an increase by 86.18% compared with January-September 2013.

Gross written premiums in Domestic MTPL insurance, increased by 97.31% in the period January-September 2014. The number of insurance contracts also increased by 1.37% compared to the same period last year.

Gross written premiums in Border Insurance, for the period January-September 2014 increased by 67.69%. The number of contracts also increased by 1.43% compared with the period January-September 2013.

Gross written premiums in Green Card insurance, increased by 58.20% in January-September 2014 compared to the same period in the previous year. While the number of contracts decreased by 7.56% compared to the period January-September 2013.

Voluntary Insurance

Voluntary insurance premiums for the period January-September 2014 were about ALL 3,530 million or 10.61% more than January-September 2013. The number of insurance contracts increased by 0.32% compared with the same period last year.

Non-Life voluntary insurance increased by 11.07% in period January-September 2014 compared with the period January-September 2013.

During the reporting period January-September 2014, total revenues in the portfolios of property, liability and guarantee insurance, were over ALL 1,744 million. The biggest share of this portfolio, with 69.72%, was taken by Fire and other property damage insurance, followed by General liability insurance with about 17.93%.

Gross written premiums in insurance against fire and natural forces portfolio, during the period January-September 2014 increased by 28.88%. The number of contracts also increased by 2.07% compared with January-September 2013.

Revenues from accidents and health insurance were about ALL 607 million in period January-September 2014 experiencing an increase by 17.89% compared to January-September 2013.

Life insurance premiums for the period January-September 2014 reached over ALL 760 million or 8.96 % more than in the period January-September 2013.

Gross Paid Claims

Payment of claims, during the period January-September 2014, increased by 1.40% compared to the period January-September 2013. Most of the gross paid claims were related to motor insurance, about ALL 1,662 million or 83.08% of total gross paid claims.

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


For further detailed information, the Monthly Statistical Report, January-September 2014, contains detailed tables and charts on the division of the insurance market by type of insurance, insurance product, insurance company share, etc.

To read the full material of January - September 2014 monthly statistical report (in EXCEL version) click here.