TIRANA, February 2 – Albania’s insurance market continued its positive trend in 2025, recording higher revenues and more insurance contracts.

According to a report by the Financial Supervisory Authority, gross written premiums reached about 27.1 billion lekë. This figure marked a 10.5 percent increase compared with 2024. During the year, companies signed around 1.68 million insurance contracts, reflecting annual growth of 5.1 percent.

Meanwhile, the market structure remained focused on non-life insurance. This segment accounted for 91 percent of total premiums. Life insurance represented 9 percent, while reinsurance held a marginal share. In addition, mandatory insurance made up 62.4 percent of premiums, while voluntary insurance accounted for 37.6 percent.

At the same time, insurers paid gross claims of around 8.6 billion lekë during 2025. This amount showed a slight decline of 0.8 percent year on year. Motor insurance continued to dominate claims, reaching about 6.5 billion lekë, or more than 76 percent of the total.

In mandatory motor insurance, gross written premiums rose to roughly 16.9 billion lekë, up 12.2 percent from the previous year. Domestic motor liability insurance recorded growth in both premiums and contracts. By contrast, Green Card insurance increased in premiums but saw fewer contracts. Border insurance posted a slight decline in both volume and contract numbers.

Meanwhile, voluntary insurance generated around 10.2 billion lekë in revenues, increasing by 7.9 percent compared with 2024. The number of contracts in this segment grew by 10 percent. Property and liability insurance led this group, bringing in about 4.2 billion lekë, mainly from fire and property damage coverage.

In addition, accident and health insurance revenues reached approximately 1.4 billion lekë, rising by 3.7 percent. Life insurance showed the strongest performance, with gross written premiums of about 2.4 billion lekë, up 17.6 percent year on year.

/a.p./