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Considerations on Albanian Life Insurance Market

Author(s): Gentiana Sharku | Brikena Leka | Etleva Bajrami

Journal: The Romanian Economic Journal
ISSN 1454-4296

Volume: XIV;
Issue: 39;
Start page: 133;
Date: 2011;
Original page

Keywords: non-bank financial institutions | life insurance | financial system | density rates | penetration rates

The life insurance sector is an important sector of the economy all over the world. Life insurance provides the economy and the individuals as well, a variety of fundamental financial services.Regardless the importance it has all around the world, life insurance market in Albania is still underdeveloped comparing not only to the Western European countries, but to the region countries as well. The comparative analysis of insurance market is carried out by means of two indexes: insurance density and penetration index. The life insurance market in Albania is facing several problems which will be further explained in the paper, together with some recommendations to be taken in account by Albanian insurance companies and the Albanian government as well.
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