Border car insurance "abandoned" - More profit for companies in 2025. Greater damage coverage, but at a lower value
In 2025, insurance companies compensated a larger number of people, but in smaller amounts than in 2024. The latest data from the Financial Supervisory Authority shows a 0.7% decrease in claims paid by companies.
So, last year, insurance companies undertook to cover a greater number of damages in the event of an accident, and not only that, but less money was spent than in the previous year.
For border insurance, 2025 was also a negative year. Fewer vehicles with foreign license plates are preferring to be insured when entering Albanian territory. Official figures show a 0.6% decrease in the volume of gross written premiums compared to 2024, while the number of contracts signed has also followed the same trend.
Meanwhile, all other motor insurance products such as Domestic MTPL, Green Card, other life and non-life insurance, such as property, have continued to grow. The decline in interest on border insurance has not translated into lower income for insurance companies, as total premiums from insurance policies have continued to be high. Combined with a lower value of claims paid than a year ago, insurance companies have had a higher profit in 2025.
The market share remains almost the same. The dependence on non-life insurance has accompanied all of 2025. However, life insurance products also appear to have gained more ground than in 2024.
Meanwhile, from the perspective of market division by type of insurance, compulsory and voluntary, the dependence on compulsory products such as car or home and life insurance when a citizen takes out a loan has deepened. Gross written premiums of voluntary insurance account for 37.62% and gross written premiums of compulsory insurance account for 62.38% of the total market.
Tobacco imports, at historic peak - Paradox: Rising prices, stable consumption
According to INSTAT, in 2024, tobacco imports reached around 11.8 billion lek, while in 2025 this value increased to over 13 billion lek. Compared to 2005,......
What hinders cooperation between Albania and the region? - RCC: History and politics remain the main obstacles
Lack of trust inherited from the past and nationalist politics remain the main obstacles to regional economic cooperation, according to the latest findings......
Towards "modest" jewelry production - The global value of gold influences consumer desire to save
Italian goldsmiths are reworking jewelry as the value of gold increases, reaching out to price-conscious buyers. The price of gold rose to nearly $5,600,......
Is Albania ready for elite tourism? - Liçaj: It will be a reality within a decade, investments are needed
Tourism has become one of the most important sectors for the country's economy and development, consolidating itself as one of the main engines of economic......
Tackling energy poverty - Increasing investments in building insulation and efficient equipment for vulnerable households
The Economic Reform Program 2026 – 2028 foresees the implementation of policies to address energy poverty and care for vulnerable consumers. According to......
Trump picks Kevin Warsh to head the Fed - Silver falls 28%, the worst day since March 1980
US President Donald Trump has nominated Kevin Warsh to succeed Jerome Powell as head of the Federal Reserve, ending a protracted odyssey that has roiled the......
UN, risk of financial collapse from unpaid fees - Secretary Guterres: Members must respect deadlines for obligations
UN Secretary-General Antonio Guterres warned that the organization is at risk of "imminent financial collapse," citing unpaid fees and a budget rule that......
What are the weak points of construction? - From declaring prices below reference, to "hidden" surfaces
The tax administration has conducted an analysis of the construction sector to highlight weaknesses, which will also be at the center of the anti-informality......
