During the period January – May 2026, the insurance market in Albania showed a positive performance across all main indicators, reflecting an expansion of business volume.

Gross written premiums reached approximately ALL 10.57 billion, representing an increase of 4.90% compared to the same period of the previous year, while gross paid claims reached approximately ALL 3.83 billion, an increase of 15.86%. In parallel, the number of contracts underwritten and the number of paid claims grew by 4.92% and 6.28% respectively, further confirming the expansion of insurance activity.

The average underwritten premium at market level remained virtually unchanged, with a slight decrease of 0.02%, while the average paid claim (Life and Non-Life combined) is estimated to have grown significantly, with an annual increase of 11.12%.
The market structure remains stable and is dominated by the Non-Life segment, which accounts for 90.56% of the total. Gross written premiums reached approximately ALL 9.57 billion, an increase of 4.89%, while gross paid claims reached approximately ALL 3.56 billion, an increase of 18.77%.

Compulsory motor insurance remains the dominant portfolio of the Non-Life market, accounting for 65.88% of it, with gross written premiums reaching approximately ALL 6.31 billion, up by 4.35%, and gross paid claims reaching approximately ALL 2.42 billion, up by 15.60%. Meanwhile, the number of contracts and claims remained relatively stable, with moderate increases of 1.54% and 2.52% respectively.

Voluntary insurance continues to contribute positively to market development, with gross written premiums reaching approximately ALL 3.27 billion, an increase of 5.94%, supported by the performance of most classes, although with notable variations among them. Gross paid claims in this category reached approximately ALL 1.14 billion, a significant increase of 26.08%.

The Life segment, although it maintains a small share in the market of 9.44% of the total, shows a positive performance. Gross written premiums in this segment reached approximately ALL 1.00 billion, an increase of 5.50%, while the number of contracts grew by 3.46%. Regarding claims, the value of gross paid claims reached approximately ALL 0.17 billion, an increase of 5.47%, accompanied by a significant rise in the number of paid claims of 24.37%.

Developments and Key Influencing Factors

The data reported at the end of the period January – May 2026, as well as its annual performance, has been influenced by several specific factors, of which we highlight the following:

In motor insurance, the average premium of the dominant product, domestic MTPL, has continued to decline further by 2.12%, which is still considered a result of the implementation of the risk factor “Claims History”, as provided for in Regulation No. 156, dated 19.09.2024.

The other two compulsory motor insurance products (Green Card and Border insurance), although with a moderate weight, report a decline due to the easing of vehicle movement towards CEFTA member border countries.

Regarding voluntary insurance, the annual growth of gross written premiums in this 5-month period mainly reflects the contribution of the accident and health and civil liability classes (which together contributed approximately 55% to this growth).

Similarly, the dynamics of paid claims have been determined by the portfolio of Fire and other damage to property, as well as by other damage to property, resulting in a significant increase in paid claims.

In the Life segment, premium developments are influenced by the performance of credit-linked products as well as by the dynamics of group contracts, while the increase in the number of paid claims is reported mainly from flexi plan contracts.

Referring to the statistics of the last two months, it is observed that claims activity has stabilized, maintaining consistent levels in both the volume of claims payments and the number of cases.

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