Albania Insurance Market 2014 Industry Forecast and Analysis to 2018 by Market Research Store

Albania Insurance Industry 2014 Demand, Growth, Size and Trends to 2018Deerfield Beach, FL -- (SBWIRE) -- 10/22/2015 -- Product Synopsis
Synopsis

The Albanian insurance industry's growth prospects by segment and category
Key trends, drivers and challenges in the Albanian insurance industry
The detailed competitive landscape in the Albanian insurance industry
Detailed regulatory policies of the Albanian insurance industry

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Executive summary

Timetric's ' The Insurance Industry in Albania, Key Trends and Opportunities to 2018' report provides detailed analysis of the market trends, drivers, challenges in the Albanian insurance industry. It provides key performance indicators such as written premium, incurred loss, loss ratio, combined ratio, total assets, total investment income and retentions during the review period (2009–2013) and forecast period (2013–2018). The report also analyzes detailed information on the competitive landscape in the country.

The report brings together Timetric's research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in regulatory structure.

Scope

This report provides a comprehensive analysis of the insurance industry in Albania:

It provides historical values for the Albanian insurance industry for the report's 2009–2013 review period, and projected figures for the 2013–2018 forecast period.
It offers a detailed analysis of the key segments in the Albanian insurance industry, along with market forecasts until 2018.
It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, combined ratio, total assets, total investment income and retentions.
It profiles the top insurance companies in Albania and outlines the key regulations affecting them.

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Reasons to buy

Make strategic business decisions using in-depth historic and forecast market data related to the Albania insurance industry and each segment and category within it.
Understand the demand-side dynamics, key market trends and growth opportunities in the Albanian insurance industry.
Assess the competitive dynamics in the Albanian insurance industry.
Identify the growth opportunities and market dynamics in key segments.
Gain insights into key regulations governing the Albanian insurance industry and their impact on companies and the industry's future.

Key highlights

Albania has a small but developing insurance industry
The Albanian insurance industry grew recording a CAGR of 2.1% during the review period
The development of voluntary private pension funds in the country is expected to strengthen the financial system, including insurance
The Albanian automobile industry registered significant growth during the review period; vehicle sales increased from 1,200 units in 2009 to 2,470 units in 2013 at a CAGR of 19.8%.
Non-life insurance accounted for 80.8% of the total industry's gross written premium value in 2013, followed by the life segment with 11.3% and the personal accident and health segment with 7.9%.
The Albanian insurance industry is small with only 12 companies
The insurance industry is supervised and regulated by the Financial Supervisory Authority (FSA)

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