Insurance Industry in Albania, Key Trends , Opportunities and Market Growth to 2017

MarketResearchReports.Biz announces addition of new report “Insurance Industry in Albania, Key Trends And Opportunities To 2017” to its database


Albany, NY -- (SBWIRE) -- 02/04/2014 -- The Insurance Industry in Albania, Key Trends And Opportunities To 2017
The Albania insurance industry is underdeveloped and recorded a penetration rate of 0.36% in 2012, lower than neighboring countries Kazakhstan (0.65%) and Uzbekistan (0.50%). Nevertheless, the industry expanded at a review-period CAGR of 40.8%, with gross written premium increasing from KGS276.9 million (US$7.6 million) in 2008 to KGS1.1 billion (US$23.2 million) in 2012.The non-life segment valued KGS1.06 billion (US$22.5 million) in 2012, accounting for 97.3% of the industry’s gross written premium. Improving economic conditions and infrastructural investment supported the growth. In 2011, 19 insurance companies were registered to conduct business, of which 14 were active.
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The report provides in depth industry analysis, information and insights into the insurance industry in Albania, including:
- The Albania insurance industry’s growth prospects by insurance segments and sub-segments
- The competitive landscape in the Albania insurance industry
- The current trends and drivers of the Albania insurance industry

This report provides a comprehensive analysis of the insurance industry in Albania:
- It provides historical values for Albania insurance industry for the report’s 2008–2012 review period and forecast figures for the 2012–2017 forecast period
- It offers a detailed analysis of the key segments and sub-segments in Albania insurance industry, along with forecasts until 2017

Reasons to buy
- Make strategic business decisions using in depth historic and forecast industry data related in the Albania insurance industry and each segment within it
- Understand the demand-side dynamics, key trends and growth opportunities within the Albania insurance industry
- Assess the competitive dynamics in the the Albania insurance industry
- Identify the growth opportunities and market dynamics within key segments

Key highlights
- In 2011, 19 insurance companies were registered to conduct business, of which 14 were active
- Demand for property and liability insurance products, the expansion of economic activities and increased public spending on infrastructure will continue to fuel demand

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Table of Content
1 Executive Summary

2 Introduction
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology

3 Regional Market Dynamics
3.1 Overview
3.1.1 Market trends
3.1.2 Market size

4 Life Insurance – Regional Benchmarking
4.1 Scale and Penetration
4.1.1 Total gross written premium
4.1.2 Premium per capita
5 Non-Life Insurance – Regional Benchmarking
5.1 Scale and Penetration
5.1.1 Total market gross written premium
5.1.2 Premium per capita

6 Personal Accident and Health Insurance – Regional Bechmarking
6.1 Scale and Penetration
6.1.1 Total market gross written premium
6.1.2 Premium per capita

7 Albania Insurance Industry Overview
7.1 Albania Insurance Industry
7.2 Key Industry Trends and Drivers
7.3 Challenges

8 Industry Segmentation
8.1 Life Insurance
8.2 Non-Life Insurance
8.2.1 Property insurance

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