Gross Written Insurance Premiums income during the period January-October 2021 amounted to over ALL 15,741 million, or 16.48% more compared to January-October 2020. In the period January-October 2021, the number of concluded insurance contracts reached 952,992 registering an increase of 21.34% compared to January-October 2020.

The insurance market continued to be oriented towards non-life insurance, which brought 92.56% share of the total premium volume, leaving life insurance with 7.28% share of the total premium volume. Seen from the market segmentation perspective by the following insurance types: compulsory and voluntary, the voluntary insurance written premiums account for 38.91% and compulsory insurance written premiums account for 61.09% of the total market.

In the period January-October 2021, gross paid claims in insurance market amounted to about ALL 5,591 million, or 9.71% less compared to January-October 2020, mainly affected by the payment of most of the compensations for the earthquakes at the end of 2019 during the last year.

During the period January-October 2021, gross paid claims in the motoric insurance reached the value of ALL 3,333 million, with an increase around 31.67% compared with the same period one year before.

Compulsory Motor Insurance
Compulsory Motor Insurance Premiums during the period January-October 2021 amounted to about ALL 9,616 million or 12.77% more compared to January-October 2020.

Domestic MTPL Insurance Premiums registered an increase by 7.99% of the gross written premium volume in the period of January-October 2021. The number of contracts increased by 9.72% compared to January-October 2020.

Green Card Insurance Premiums registered an increase by 27.78% of the gross written premium volume in the period of January-October 2021. The number of contracts increased by 57.65% compared to January-October 2020.

Border Insurance Premiums registered an increase by 137.73% of the gross written premium volume in the period of January-October 2021 compared to January-October 2020. The number of contracts increased by 165.09%.

Voluntary Insurance
In the period January-October 2021, Voluntary Insurance Premiums amounted to about ALL 6,125 million, or 22.83% more compared to January-October 2020. The number of voluntary insurance contracts increased by 18.10% compared to January-October 2020.

In the period January-October 2021, Voluntary Non-Life Insurance Premiums registered an increase by 21.89% compared to January-October 2020.

In the period January-October 2021 the Property, Liability and Guarantee portfolios provided over 2,893 million ALL income in total, and the first place was occupied by Fire and Other Property Damages with about 61.49%, followed by General Liability insurance with 28.79% of the total income.

In the period January-October 2021 the insurance Against Fire and Natural Forces portfolio registered an increase by 34.55% of gross written premium volume of this portfolio and an increase by 9.99% in the number of insurance contracts compared to January-October 2020.

In the period January-October 2021 Accident and Health Insurance income amounted to about ALL 1,009 million, marking an increase of 12.49% compared to January-October 2020.

In the period January-October 2021, Life insurance premiums amounted to about ALL 1,146 million, or 24.50% more compared January-October 2020.

*[1]Gross Paid Claims
In the period of January-October 2021 the payment of claims decreased by 9.71% compared to January-October 2020. The highest share of the gross paid claims belong insurance Motor Insurance with about AL 3,333 million, or 59.61% of the total gross paid claims.

The following table illustrates the average claims for the main motor insurance products.

Item	Values (in ALL 000)		Change
			(in %)
January - October	2020	2021	21 / 20-1 '
Average Claims
Domestic MTPL	175	181	3.28
Green Card	669	918	37.21
Casco	105	118	12.85

For further information, the Statistical Bulletin for the period January-October 2021 contains detailed statistical statements of the insurance market classified by type of insurance, insurance products, participation of insurance companies and other.

To read the full statistical report (in Excel version) for January-October 2021, please click here.