Car insurance, record increase in income - AMF: Companies collected 13.9 billion lek, about 13% more than last year
Insurance companies' revenues from the money Albanians pay for car insurance reached 13.9 billion lek at the end of the first ten months of the year. The latest data from the Financial Supervisory Authority shows that companies have collected almost 13% more premiums than last year.
Most of the revenue comes from domestic MTPL insurance, while border and green card insurance account for a smaller share.
Specifically, domestic MTPL insurance, i.e. motor vehicle insurance for liability to third parties in cases where the insured is involved in an accident and is liable for material, property or health damage, in January-October 2025 saw an increase of almost 14%, thus bringing the total gross written premiums to 11.7 billion.
For all vehicles registered in Albania that travel abroad, the Green Card had an increase of 10.4% in the volume of gross written premiums and in the number of contracts by 0.1% compared to the same period a year ago. From February 1 of this year, all cars traveling to Montenegro benefited from a discount on the insurance price for the “Green Card”. From €400 which was the premium for 1 year, they now pay only €50, while the premium for 15 days continues to be €15. Meanwhile, from April 1, Albanian citizens also gained the opportunity to travel to North Macedonia with the “Green Card” insurance policy with a 1-year term, at a reduced price of €50.
On the other hand, the border insurance product, for vehicles with foreign license plates circulating within the territory of Albania, saw an increase of 1.47% in gross written premiums, while the number of contracts decreased by 1.7%.
Ibrahimaj at the High-Level Panel “CEFTA Week 2025” - Albania takes over the next Presidency of CEFTA in 2026
The Minister of Economy and Innovation, Delina Ibrahimaj, participated in the High-Level Panel organized within the framework of CEFTA Week 2025, in......
"New law on party financing to be approved by December" - Celibashi and Gonzato: Electoral Reform to ensure transparency
The financing of political parties was the focus of a roundtable discussion between the Central Election Commission, IDEA and the Center for the Rule of Law......
UN chief proposes budget cuts - $577 million less for next year, 20% of staff to be laid off
United Nations Secretary-General Antonio Guterres officially proposed cutting the UN's core budget for next year by $577 million and eliminating more than......
Debit cards, the main means of electronic payments - BoA: Market expands by 2.4%. Around 1.6 million in total circulation
Debit cards are the main means of electronic payments in the country. The latest data from the Central Bank shows that more than 1.6 million bank cards with......
ADF opens the competition for urban transformation in Vlora - Investment of over 688 million lek for recreational spaces, modern market and parking
The Albanian Development Fund has announced the opening of the competition for the construction of multimodal mobility hubs, construction of an underground......
The "unusual" places where Albanian products went/ New trade map: From Jordan and Uganda, to Turkmenistan and Tunisia
If we usually talk about the traditional markets of Albanian exports: Italy, Kosovo, Greece, Germany, the picture of 2025 looks familiar. A decline in the......
EU ends dependence on Russian fossil fuels - Von der Leyen: A new era for Europe begins from 2027
The European Union reached a preliminary agreement to completely eliminate Russian fossil fuels, marking a historic step towards the continent's energy......
Tirana, among the cheapest cities for public transportation/ London with the highest costs, the most affordable Balkan
Albania and the Balkan countries continue to remain among the regions with the lowest public transport prices in Europe, even at a time when major European......
