How much did you get from motor insurance? - Kufitari, the only product that suffered a 10% drop in premiums and contracts
Gross past premiums from compulsory motor insurance have reached 13 billion ALL. Data from the Financial Supervision Authority show that insurance companies' income from motor insurance premiums increased by 7.66% in the period January - November 2024.
Regarding the internal MTPL product, which refers to motor vehicle insurance for liability to third parties in cases where the insured is involved in an accident and is responsible for material, property or health damage, in the period January - November 2024 there is there was an increase of 9.35% in the volume of gross written premiums. This was also accompanied by an increase in the number of contracts of 9.10% compared to the same period of the previous year.
On the other hand, green card insurance for all vehicles registered in Albania that travel abroad, in 9 months, there was an increase of 2.88% in the volume of gross written premiums, bringing the total value to 1.7 billion ALL. This was accompanied by an increase in the number of contracts of 20.88% calculated with January-November 2023.
Meanwhile, border insurance for vehicles with foreign license plates circulating within the territory of Albania has suffered a significant decrease at the end of the nine months. Thus, the volume of gross written premiums decreased by 10.53% compared to the first 9 months of 2023. The number of contracts also decreased by 10.75%.
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