Albania : Insurance Market Development

[摘要] The insurance industry in Albania isrelatively new. Prior to 1991, there were no insurancecompanies operating in the country. The insurance industryhas been undergoing critical changes during the last decade.The life market in Albania is small, and still dominated bycredit life insurance. Life insurance was introduced only in1997 and made up about seven percent of gross writtenpremiums. Risk based supervision was rolled out in 2016,starting with comprehensive on-site inspections in threenon-life insurance companies using the risk-focusedmethodology. The RBS method led to a market database thathelps evaluate the risk profile of each insurance company,as well as the risk level of the insurance market as awhole. The country’s good economic development in the lasttwo decades has contributed to the insurance market’sdevelopment, but so have good policy choices informed bytechnical assistance projects and other interventions by theWorld Bank Group and the FIRST trust fund. Without aspiringto the impossible task of attributing causal relationshipsbetween these interventions and specific marketdevelopments, this report will nonetheless suggest what rolethese interventions may have played in developing Albania’sinsurance market, so as to guide the way forward in thiscountry and future developmental strategies of other countries.

[发布日期] 2019-12-01 [发布机构] World Bank, Washington, DC

[学科分类] 社会科学、人文和艺术（综合）

[关键词] INSURANCE;FINANCIAL INCLUSION;NATURAL DISASTER;CATASTROPHE INSURANCE;LIFE INSURANCE