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T dhnat financiare pr vitin 2003, jan marre nga bilancet e shoqrive t sigurimeve.

Publikuar nga Komisioni i Mbikqyrjes s Sigurimeve.

Rr. Perlat Rexhepi, Pall. 10 katesh, Tirane

Tel/Fax: +355 4 250 686

e-mail: [email protected]

Tregoni burimin e informacionit nse perdorni t dhna nga ky botim.

Grafika: Studio Grafike Elsi KongoShtypi: PEGI

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Prmbajtja

Tabela dhe GrafikeTabela 1:Tregues te pergjithshem qe lidhen me tregun e sigurimeve

Tabela 2:Volumi i primeve bruto per vitet : 1999,2000,2001,2002,2003

Tabela 3:Volumi i primeve bruto ne v itet 2002,2003

Tabela 4:Volumi i primeve bruto ne vitin 2003, sigurimi i detyrueshem e sigurimi vullnetar (jete, jo-jete)

Tabela 5:Volumi i primeve bruto ne vitet : 1999, 2000,2001,2002,2003

Tabele 6:Deme te paguara ne vitin 2003

Tabele 7:Deme te paguara ne vite

Tabele 8:Ecuria e primeve dhe demeve ne vite , ne milione leke

Tabela 9: Demet e paguara nga shoqerite e sigurimit ne vitet : 2002,2003

Tabela 10: Demet e paguara nga shoqerite e sigurimit ne Sigurimin Motorrik

Tabela 11:Demet e paguara nga shoqerite e sigurimit ne Sigurimin e Pa surise

Tabela 12:Demet e paguara nga shoqerite e sigurimit ne Sigurimin e Shendetit

Tabele 13:Pjesmarja e shoqerive ne tregun e sigurimit per vitin 2003

Tabele 14:Pjesemarrja e shoqerive ne tregun e sigurimeve ne vite

Tabele 15:Volumi i primeve te Sigurimit te Det yrueshem te arketuara ne vite

Tabela 16:Volumi i primeve te Sigurimit Vullnetar te arketuara ne vite

Tabele 17:Struktura e primeve sipas portofoleve ne vite

Tabela 18:Volumi i primeve bruto te arketuara sipas klasave te Sigurimeve Motorrike gjate vitit 2003

Tabela 19:Volumi i primeve te Sigurimit te Detyrueshem TPL te arketuara ne vitet 2000, 2001, 2002, 2003

Tabela 20:Volumi i primeve te Sigurimit te Det yrueshem, Kartoni Jeshil, te arketuara ne vite

Tabela 21:Klasat e Sigurimit te Pasurise ne vitin 2003

Tabela 22: Klasat e Sigurimit te Aksidenteve dhe Shendetit ne vitin 2003

Tabela 23:Klasat e Sigurimit te Jetes ne vitin 2003

Tabela 24:Klasat e Sigurimit te Jetes ne vite

Tabela 25:Tregues te rentabilitetit per vitin 2003 , ne perqindje

I. Komisioni i Mbikqyrjes s Sigurimeve

II. Legjislacioni n fushn e sigurimeve

III. Ekonomia shqiptare n vitin 2003

IV. Tregu i Sigurimeve4.1 Primet

4.2 Ecuria vjetore e t ardhurave bruto nga primet

V. Ndarja e Tregut t Sigurimeve5.1 Sigurimi i detyrueshm e sigurimi vullnetar (jete, jo-jete)

5.2 Dmet

5.3 Ndarja e tregut t sigurimeve sipas shoqrive t sigurimit

8

11

13

1414

15

1616

17

21

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Tabela 26:Treguesi i kufirit te fitimit per vitin 2003, ne perqindje

Tabela 27:Raporti deme / prime per vitin 2003, ne perqindje

Tabela 28:Treguesi fitimit per vitin 2003, ne perqindje

Tabela 29:Raporti i retensionit per vitin 2003

Tabela 30:Treguesi i kostos se marrjes ne sigurim per vitin 2003, ne perqindje

Tabela 31:Treguesi i shpenzimeve te pergjithshme per vitin 2003

Tabela 32: Treguesi i pozites paguese per vitin 2003, ne perqindje

Tabela 33: Rezervat teknike

Tabela 34:Prime te kaluara ne Risigurim gjate vitit 2003

Grafik 1:Ecuria e t regut te sigurimeve ne periudhen 1999-2003Grafik 2:Ecuria e te ardhurave bruto te primeve gjate vitit 2003 e ndare sipas tremujoreve

Grafik 3:Tregu i sigurimeve gjate vitit 2003

Grafik 4:Shperndarja e demeve gjate vitit 2003

Grafik 5:Ecuria e primeve dhe demeve ne vite, ne milione leke

Grafik 6:Demet e paguara nga shoqerite e sigurimit ne vitet : 2002,2003

Grafik 7:Demet e paguara ne sigurimin motorrik nga shoqerite e sigurimit gjate viteve 2002, 2003

Grafik 8:Demet e paguara nga shoqerite e sigurimit ne Sigurimin e Pasurise gjate viteve 2002, 2003

Grafik 9:Demet e paguara nga shoqerite e sigurimit ne Sigurimin e Shendetit gjate viteve 2002, 2003

Grafik 10:Ecuria e te ardhurave bruto te primeve sipas shoqerive te sigurimit ne vite

Grafik 11:Raporti i Sigurimit Vullnetar dhe Sigurimit te Detyrueshem ne shoqerite e sigurimit

Grafik 12: Ndarja e tregut te sigurimit motorrik sipas portofoleve

Grafik 13:Ndarja e Tregut te Sigurimit te P asurise sipas portofoleve ne vitin 2003

Grafik 14:Ndarja e tregut te sigurimit te aksidenteve dhe shendetit sipas portofoleve ne vitin 2003

Grafik 15:Ndarja sipas klasave te Sigurimit te Jetes

5.4 Ndarja e tregut t sigurimeve sipas portofoleve t sigurimit

5.4.1 Sigurimet motorrike

5.4.2 Sigurimi i pasuris

5.4.3 Sigurimi i aksidenteve dhe shndetit

5.4.4 Sigurimi i jetes

5.5 Disa tregues t gjendjes s tregut t sigurimeve

5.6 Rezervat teknike dhe risigurimet

5.6.1 Rezervat teknike

5.6.2 Risigurimet

VI. Bilanci i shoqrive t sigurimit pr vitin 20036.1 Aktivi

6.2 Pasivi

6.3 Pasqyra e t ardhurave dhe shpenzimeve, viti 2003

Shoqerit e sigurimit n tregun Shqiptar 2003

22

23

25

26

27

28

29

29

29

3132

33

34

35

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Gzim AgasiKryetar

Teuta CaniNnkryetare

Shptim ShehuAntar

Genc ifliguAntar

Hysen elaAntar

Adriatik IslamajAntar

Komisio

niiMbik

qyrjes

sSigurimeve

Silvana BelloNnkryetare

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7

Komisioni i Mbikqyrjes s Sigurimeve n vijim t prmirsimit tvazhdueshm t metodave te kontrollit dhe mbikqyrjes, me qllim

mbrojtjen e interesave t t siguruarve , rritjen e transparencs n

ndihm t zhvillimit t industris s sigurimeve n Shqipri, publikon

Raportin Vjetor t vitit 2003.

Ky raport jep nj permbledhje t treguesve t tregut t sigurimeve

n Shqipri, duke dhn nj panoram t tij dhe ndikimit t ktij

tregu n zhvillimin e ekonomis, duke shpresuar t jet nj publikim i

nevojshm dhe praktik.

Megjithse treguesit e tregut t sigurimeve per vitin 2003 jan

modest, ato flasin qart per nj treg n konsolidim, drejt perafrimit me

eksperiencat europiane.

Do t ishin n interesin ton t prbashkt dhe veanrisht t dobishme

opinionet dhe vleresimet kritike pr kt raport, me qllim zhvillimin

e mtejshm t metodave t puns t Komisionit t Mbikqyrjes s

Sigurimeve, pr ti dhene drejtimin e nevojshm tregut te sigurimeve n

Shqipri.

Gzim Agasi

Kryetar

7

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1. Komisioni i Mbikqyrjes s Sigurimeve

Komisioni i Mbikqyrjes s Sigurimeve

sht autoriteti i vetem ligjor q licenson,

kontrollon dhe mbikqyr shoqerit e sigurimit

n mbrojtje t interesave t t siguruarve.

Komisioni i Mbikqyrjes s Sigurimeve,

ushtron veprimtarin e tij n prputhje me

ligjin 8081, date 07.03.1996 Pr veprimtarit

e sigurimit dhe/ose risigurimit dhe VKM

Nr 229, dt 28.04.1999 Pr mnyrn e

funksionimit dhe organizimit t KMS.

Komisioni i Mbikqyrjes s Sigurimeveprbhet nga Komisioni dhe Stafi Ekzektuiv.

KOMISIONI prbehet nga Kryetari, dy

nnkryetar dhe 4 antar.

Kryetari i KMS emrohet nga Keshilli i

Ministrave me propozim te Ministrit t

Financave, ndrsa nnkryetart dhe katr

antart emerohen nga ministri i Financave

me propozim te kryetarit te KMS-se.

Komisioni shte organ kolegjial dhe n

permbushje t funksioneve t tij nxjerrvendime, udhzime dhe rregullore.

Veprimtaria e ketij institucioni, gjat vitit

2003, u orientua n drejtimet e mposhtme:

Mbikqyrje dhe kontroll i shoqrive

t sigurimit, vendimmarrje, nisma

legjislative, shtje administrative.

Duke iu referuar ndryshimeve qe po kalon

ekonomia shqiptare ne prgjithsi dhe tregu

i sigurimeve ne veanti, vlen te theksojme

disa specifika te ktij tregu gjate vitit 2003 qtregojn qart ecurine drejt modernizimit t

industris s sigurimeve n Shqipri.

N vijim t ktyre ndryshimeve, duke e par si

nevoje t tregut si dhe bazuar n sygjerimet

dhe asistencn e Banks Boterore, Qeveria

Shqiptare npermjet Ministris s Financave

dhe Komisionit t Mbikeqyrjes s Sigurimeve

ndrmori nismn pr hartimin e projektligjit

Mbi veprimtarin e sigurimit, risigurimit dhe

ndrmjetesimit, i cili mbeshtetet trsisht npraktikn e vendeve europiane.

Ky draft ofron prkufizime mbi veprimtarin

e sigurimeve dhe risigurimeve n prputhje

me direktivat e BE dhe parimet baze te IAIS

t cilat do t mundsojn stabilizimin dhe

zhvillimin e mtejshem t tregut shqiptar t

sigurimeve si nj treg i stabilizuar, efient dhe

transparent.

Gjithashtu, me rritjen e tregut bhet mse i domosdoshm licensimi i shoqrive

t ndermjetsimit, ky ligj jep kushtet dhe

rregullat pr licensimin e tyre.

Po ashtu, n kt ligj nj vmendje e vecante i

shte kushtuar mbrojtjes s policmbajtsve

dhe aprovimi i ketij ligji sigurisht do t

lehtesonte aktivitetin e tregut t sigurimeve

n t ardhmen.

STAFI EKZEKUTIV i Komisionit t Mbikeqyrjes

s Sigurimeve ushtron veprimtarin e tij

me qellim realizimin e detyrave q dalin

ne zbatim t ligjeve, urdhrave dhe akteve

nnligjore n fuqi si dhe siguron zbatimin e

tyre me prpikmri nga ana e shoqrive t

sigurimit dhe aktorve t tjer n tregun e

sigurimeve.

Stafi ekzekutiv i KMS

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Projektligji mbi veprimtarin e Komisionit

te Mbikqyrjes s Sigurimeve sht hartuar

duke marr pr baz eksperiencn eurpiane

n kt drejtim si dhe parimet e IAIS, te cilat,

pr vete stadin e zhvillim t tregut do te mund

ti japin Komisionit , autoritetin e vrtet

te rregullatorit, mbrojtsit te interesave te

policmbajtesve dhe inisiatorit pr zhvillimin

e ktij tregu, gjithmon n ngritje t

vazhdueshme profesionale.

Gjithashtu npermjet ktij projektligji

synohet t rritet transparenca gjat procesit

t licensimit t shoqrive t sigurimit si

dhe t vendosen rregulla strikte me qllim

mbikqyrjen e aktivitetit t tyre.

Tregu shqiptar i sigurimeve gjat vitit 2003

psoi ndryshime rrnjesore pr sa i prket

edhe infrastuktures s tij.

Pr her t par rrjeti i shitjes s shoqerive

t sigurimit operon nprmjet agjentve t

licensuar nga Komisioni i Mbikqyrjes s

Sigurimeve.

Rreth 560 agjent q kan dhen testimin

profesional dhe plotesojne kushtet e

krkuara, operojn tashm n gjith vendin.

Vlen t theksojm se e nj rndsie t

veant sht dhe hyrja n tregun shqiptar t

sigurimeve, pr her t par n vitin 2003, e

institucioneve ndrkombetare financiare.

Tashme partner t shoqrive shqiptare t

sigurimit jan institucione t rndsishme

financiare:

BERZH dhe IFC jane partneret e rinj t INSIG-

ut duke zotruar 39%, ndersa FSHAN-ja(

Fondi Shqiptaro-Amerikan i Ndermarrjeve)

sht partner i shoqris SIGAL me 12%.

Kto ndryshime rrnjsore tregojn edhe

nj her evoluimin e tregut shqiptar t

sigurimeve drejt stabilitetit dhe zhvillimit.

Gjithashtu gjat vitit 2003 Komisioni i

Mbikqyrjes se Sigurimeve ka ndrmarr

nisma pr hartimin rregulloreve:

- Mbi licensimin e brokerave n sigurimeve,

nj proces ky i domosdoshem pr vet

stadin ne te cilin ndodhet tregu shqiptar i

sigurimeve.

- Mbi parandalimin e pastrimit t parave n

aktivitetin e sigurimeve

- Mbi Standardet e Kontrollit

- Mbi Sistemin e Raportimit

N Qershor t vitit 2003, n bashkpunim

me Shoqatn e Siguruesve t Shqipris,

Komisioni i Mbikqyrjes s Sigurimeve

organizoi Konferencn e Par Rajonale

Sigurimet - pjes integrale e tregut financiar

dhe faktor n zhvillimin e ekonomis n t

ciln morn pjes aktor t rndsishm t

tregut t sigurimeve nga Rajoni dhe Europa.

Komisioni i Mbikqyrjes s Sigurimeve gjat

ketij viti ka marr inisiativa pr organizimin

e seminareve t ndryshme me qllim ngritjen

e nivelit teknik t stafit t tij apo edhe

t shoqrive t sigurimit, si ishte edhe

Seminari Aktuarial i organizuar n Tiran me

pjesmarrjen e Kompanive t sigurimit jo

vetem nga Shqipria por edhe nga Kosova.

Konferenca Rajonale, Qershor 2003

Seminar aktuarial, Dhjetor 2003

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Marrdheniet me institucionetndrkombtare

N kuadr t koordinimit sa m t mir

t puns ndermjet instancave shtetrore

t ngarkuara me ligj pr kontrollin dhe

mbikeqyrjen e aktiviteteve t subjekteve

private, KMS gjat vitit 2003 ndrmori

nisma pr t hartuar, negociuar dhe

nnshkruar marrveshje bashkpunimi

dhe shkmbimi informacionesh respektive

me disa institucione t lidhura me sektorin

e sigurimeve, dhe konkretisht KMS ka

nnshkruar marrveshje dypalshe

bashkpunimi me:

Drejtorin e Prgjithshme t Tatimeve

Ministrin e Transporteve (DPSHTR)

Gjat vitit 2004 kan filluar procedura pr

nnshkrimin e marrveshjeve me Ministrine

e Rendit (Drejtorine e Pergjithshme te Poli-

cise), n kuadrin e kontrollit te zbatimit te

legjislacionit t sigurimit t detyrueshm

t mbajtsve t mjeteve motorrike pr

prgjegjsit ndaj palve t treta, me Bankn

e Shqiprise n kuadrin e bashkrendimit t

puns pr kontrollin e sistemit financiar-

Komisioni i Mbikqyrjes s Sigurimeve sht

antar me t drejta t plota n Shoqatn

Ndrkombtare t Autoriteteve Mbikqyrese

t Sigurimeve (IAIS). Antarsimi i KMS n

kt organizm i ka dhn mundsin stafit

t Komisionit t marr pjes n aktivitete

trajnuese dhe konferenca ndrkombtare

t organizuara nga IAIS dhe organizata t

tjera gjate vitit 2003. Pjesmarrja n kto

aktivitete sht vlersuar si tepr e frytshme

n funksion t prmirsimit t standardeve t

mbikeqyrjes dhe njohjes me t rejat n kt

fush.

Gjithashtu gjate vitit 2003 Komisioni

ka ndrrmar inisiativen e fillimit t

bashkpunimit me autoritetet mbikqyrese t

sigurimeve n rajon ndrsa gjat vitit 2004 do

t nnshkruhet memorandumi i mirkuptimit

me Autoritetin Mbikeqyres te Kosovs si dhe

do t fillojn negociatat pr nnshkrimin e tij

me Autoritetet Mbikqyrese t Sigurimeve t

Italis, Greqis, Maqedonis. Ky dokument do

t hedh formalisht bazat e bashkpunimit

ndinsitucional me kto autoritete, me

qllim rritjen dhe prmirsimin e metodave

mbikqyrese, prafrimin e tyre me standardet

europiane si dhe zhvillimin e mtejshem t

industris s sigurimeve.

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11

Veprimtaria e sigurimeve dhe risigurimeve n

Shqipri bazohet dhe rregullohet nprmjet

akteve ligjore e nnligjore t mposhtme:

Kushtetuta e Republikes se Shqiperise

Kodi Civil dat 1.11.1994.

Ligji 8081, dat 7.03.2001 Pr

veprimtarit e sigurimit dhe/ose

risigurimit (i ndyrshuar), me an t t

cilit prcaktohen parimet dhe rregullat

e prgjithshme lidhur me veprimtarit

e sigurimit dhe/ose risigurimit si dhe

me mbikeqyrjen nga ana e shtetit t

shoqrive dhe enteve ligjore q marrin

prsipr e ushtrojn veprimtari sigurimi

dhe ose risigurimi

Ligji Nr 7641, dat 1.12.1992 Pr

miratimin me ndryshime t Dekretit Nr

295, dat 15.09.1992 Pr sigurimin e

detyrueshm t mbajtsve t mjeteve

motorrike pr prgjegjsin ndaj

personave t tret.

VKM Nr 626, dat 8.10.1998 Pr

kufijt minimal t Fondit t garancis

t shoqrive t sigurimeve dhe/ose

risigurimeve

VKM Nr. 229, dat 28.04.1999 Pr

mnyrn e funksionimit dhe organizimit t

KMS

VKM Nr.470,date 03.10.2002 Mbi kushtet

e dhenies se autorizimit zyrtar dhe

rregullat e ndrmjetsimit ne sigurime

Udhzime dhe Urdhra t Ministrit t

Financave.

Rregullore t KMS

Kuadri ligjor i msiprm lejon:

- Krijimin e shoqrive private t

sigurimit.

- Veprimtaria e sigurimeve dhe ose

risigurimeve ushtrohet nga shoqri

t themeluara n formn e shoqrive

anonime me kapital vendas ose

te huaj , ndrsa shoqria e huaj e

sigurimit ose risigurimit mund t

ushtroj veprimtari n territorin

e Republiks s Shqipris vetm

nprmjet degs s saj t vendosur n

kt territor.

- Nj shoqri sigurimi nuk mund t

ushtroj n t njjtn koh veprimtari

sigurimi pr jetn dhe jo-jeten.

- Shoqrit e sigurimit dhe risigurimit

duhet t ken nj kapital themeltar,

pa prfshir kontributet n natyr,

qe varion nga 50-100 milion lek,

n varsi t grupeve t sigurimit q

shoqria do t ushtroj n sigurimin

e dmeve, dhe jo m t vogl se

120 milion lek nse shoqria do t

ushtroj veprimtari n sigurimin e

jets.

- Shoqrit q do t ushtrojn

veprimtari sigurimi dhe/ose risigurimi

do t nisin veprimtarin e tyre vetm

pasi t ken marr autorizim zyrtar

nga Komisioni i Mbikeqyrjes s

Sigurimeve.

- Nj shoqri sigurimi vendase ose deg

e shoqerise se huaj mund t pajiset

me autorizim zyrtar nga Komisioni i

Mbikeqyrjes s Sigurimeve ne qofte

se prmbush kushte t tilla si:

- T jet themeluar n formn e

prcaktuar nga Ligji 8081, dat

7.03.1996

- T ket nj program veprimtarie t

hartuar sipas krkesave t Ligjit

8081, dat 7.03.1996

- T zotroj kufijt minimal t fondit

t garancis

- Drejtimi efektiv i shoqris tu

jet besuar personave fizik me

kualfikim e prvoj profesionale t

mjaftueshme.

2. Legjislacioni n fushn e sigurimeve

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- Shoqrit e autorizuara pr t

ushtruar veprimtari sigurimi dhe

ose risigurimi n Republikn e

Shqiperis mbikqyren nga Komisioni

i Mbikqyrjes s Sigurimeve, me

qllim mbrojtjen e interesave t t

siguruarve.

- Shoqrit e sigurimit q kryejn

sigurime motorrike krijojn Byron

Motorike q i prfaqson kto shoqri

n tregun vendas dhe t huaj.

- Pjesmarrja e kapitalit t huaj n nj

shoqri sigurimi vendase sht e

pakufizuar.

- Shoqerit e huaja t sigurimit dhe/

ose risigurimit t cilat krkojn t

ushtrojn veprimtari sigurimi n

territorin e Republiks s Shqipris

nprmjet degve t tyre duhet t

ken nj eksperienc n fushn e

sigurimeve t paktn prej 5 vjetsh n

shtetin e origjins.

- Kufijt minimale t fondit t garancis

t nj shoqrie sigurimi dhe/ose

risigurimi variojn nga 30 60 milion

lek n fillim t veprimtaris dhe 50

90 milion lek n fund t vitit t dyt

financiar t veprimtaris, n varsi t

grupeve t sigurimit q shoqria do t

ushtroj n sigurimin e dmeve; nse

shoqria do t ushtroj veprimtari n

sigurimin e jets, 120 milione lek n

fillim t veprimtaris dhe 180 milion

lek n fund t vitit t dyt financiar

- Tarifat e primeve t sigurimit vullnetar

caktohen nga vet shoqria e

sigurimit, tarifat e primeve t sigurimit

t detyrueshm caktohen nga Ministri

i Financave.

- Sigurimi i detyrueshm prfshin

klasn e prgjegjsive civile nga

prdorimi i automjeteve, pra kontratn

e sigurimit t mbajtsve t mjeteve

motorrike pr prgjegjsin ndaj

paleve t treta brenda territorit t

vendit (TPL); kontratn e sigurimit t

mbajtsit t mjetit motorik q vihet n

qarkullim me targ t prkohshme;

kontratn e sigurimit t mbajtsit

t mjetit motorrik pr prgjegjsit

jasht territorit t vendit (kartoni

jeshil); kontratn e sigurimit t

mbajtsit t mjetit motorik me targ

regjistrimi t huaj por q e ka lidhur

me nj sigurues vendas (kontratn e

sigurimit kufitar).

- T gjitha kontratat e sigurimit (dme

dhe jet) jan subjekt i TVSH prej

20%.

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13

Burimi i Informacionit:Banka e Shqiperis, Raporti Vjetor 2003

Rritja ekonomike ne Shqipri per vitin 2003,

rezultoi n masn 6 pr qind n krahasimme 4.7 pr qind regjistruar n 2002. Rritje

e aktivitetit ekonomik vihet re n t gjith

sektort e ekonomis por vecanrisht n

sektorin e ndrtimit, t transportit dhe

t shrbimeve. N kt rritje kan dhn

kontributin e tyre edhe rritja e investimeve

duke arritur vleren e 22.3 pr qind te PBB.

Investimet n sektorin privat q prbjn

rreth 75% t totalit t investimeve gjat vitit

2003 gjetn nj mbshtetje t madhe edhe

nga sektori bankar.

Viti 2003 ka regjistruar nj prmirsim t

leht n situatn e punsimit. Numri i t

punsuarve ka psuar rritje ndrkoh q

faktort kronik t tranzicionit shqiptar:

emigrimi dhe informaliteti i ekonomis

ndikojn n uljen e forcave t puns gjithsej

dhe vshtirsojn shpjegimin e efektit

n punsim t politikave dhe zhvillimeve

ekonomike t vendit. N fund t vitit 2003,

shkalla e papunsis u ndal n nivelin 15 prqind, krahasuar me 15.8 pr qind q ishte n

fund t vitit 2002.

Viti 2003 u karakterizua nga nj inflacion

i ult, brenda objektivit t Banks s

Shqipris. Vlera e inflacionit n muajin

dhjetor ishte 3.3 pr qind, duke respektuar

objektivin e Banks s Shqipris ndrkoh

q mesatarisht, gjat vitit 2003, mimet e

konsumit jan rritur me 2.37 pr qind.

Pavarsisht faktorve t ndryshm q kan

ndikuar, vlersohet se ky inflacion i ult ka

reflektuar kontrollin e presioneve t krkess

s brendshme si pasoj e politikave t

shndosha fiskale e monetare.

Ndryshe nga vitet e tjera, ky vit q sapo

lam u karakterizua nga nj shprndarje m

racionale e shpenzimeve fiskale. Shprndarja

e krkesave t qeveris pr huamarrje ka

qen m e njtrajtshme gjat vitit 2003,duke shmangur prqendrimin e financimit

t deficitit n muajin dhjetor. Gjithashtu,

zgjedhjet lokale t tetorit dhe klima e acaruar

politike gjat gjysms s dyt t vitit nuk jan

shoqruar me prqendrime t shpenzimeve

buxhetore apo me komprometim t disiplins

fiskale. S bashku me kufizimin e huamarrjes

s brendshme t qeveris n nivelin 2.7 pr

qind t PBB-s, kan prbr nj kontribut

t muar t politiks fiskale pr stabilitetin

makroekonomik n prgjithsi, dhe pr att mimeve n veanti. Megjithat, duhet

theksuar se pika t dobta mbeten realizimi

i t ardhurave n masn 93 pr qind dhe

veanrisht realizimi i shpenzimeve kapitale

n masn 62 pr qind t planit.

Viti 2003 sht karakterizuar nga nj aktivitet

intensiv n sektorin e jashtm t vendit, i

shprehur n rritjen e konsiderueshme t

t ardhurave dhe t shpenzimeve korente.

Deficiti i llogaris korente vlersohet tket arritur n 6.7 pr qind t PBB-s, duke

u ulur me 2 pik prqindjeje krahasuar

me nj vit m par. Duhet theksuar se

deficiti tregtar n terma absolut vazhdon

t thellohet. Ai reflekton kryesisht rritjen

e konsumit t ekonomis shqiptare dhe

nnvizon nevojn e rritjes s kapaciteteve

prodhuese dhe konkurruese t ekonomis

shqiptare. Pavarsisht sa m sipr, pozicioni

i prgjithshm i bilancit t pagesave sht

pozitiv, duke br q rezervat valutore t

vendit t rriten vazhdimisht. Pr her t par,

n muajin dhjetor, niveli i prgjithshm i tyre

kaloi shifrn 1 miliard dollar amerikan, pr

t regjistruar m saktsisht 1.026 miliard

dollar n fund t muajit Dhjetor 2003.

3. Ekonomia shqiptare ne vitin 2003

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Q nga viti 1999 q daton liberalizimin e

tregut t sigurimeve n Shqipri, ky treg ka

njohur ritme zhvillimi n t ardhurat bruto t

primeve.

Tabela 1: Tregues te pergjithshem qe lidhen me tregun e sigurimeve;

4.1 Primet

Volumi i primeve, pr vitin 2003 u ul me 1.28

pr qind, krahasuar me nj vit m par. N

kater vitet e mparshme ky aktivitet sht

vlersuar me rritje, ndrkoh q n vitin e

pest psoi nj ulje t leht

Tabela 2: Volumi i primeve bruto per vitet : 1999,2000,2001,2002,2003.

Grafik 1: Ecuria e tregut t sigurimeve n periudhn 1999-2003

4. Tregu i sigurimeve

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4.2 Ecuria vjetore e t ardhuravebruto nga primet

Fillimi i vitit 2003 dha sinjale pozitive t cilat

u ndjen deri n muajin gusht por ngadalsimi i theksuar n katrmujorin e fundit oi

n uljen e t ardhurave n kt sektor t

tregut financiar.

Rnia e volumit t primeve pr vitin 2003

krahasuar me nj vit m par ndjehet n

sigurimin vullnetar Jo-Jet me 4.75 p r qind ;

N sigurimin vullnetar Jo-Jet peshn m

t madhe n t ardhurat nga primet e z

Portofoli i sigurimit nga Zjarri dhe Forcat

e Natyres, ku vihet re se primi mesatar

n vitin 2003 ka ulje afrsisht 21 % n

krahasim me vitin 2002 ;

Grafik 2: Ecuria e t ardhurave bruto t primeve gjat vitit 2003 e ndar sipas tremujorve

Tabela 3: Volumi i primeve bruto n vitet 2002,2003;

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5. Ndarja e Tregut t Sigurimeve

5.1 Sigurimi i detyrueshm e

sigurimi vullnetar (jet jo-jet)

N vitin 2003 volumi i primeve bruto t ark-

tuara rezultoi 3,755.09 mlion lek , kundrejt

3,803.74 milion lek t ark tuar n vitin

2002, ose 1.28% m t ulta se nje vit m

par.

Tregu i sigurimeve edhe n vitin 2003 u

orientua drejt sigurimit t detyrueshme.

Volumi i primeve bruto t arktuara nga

portofolet e Sigurimeve t detyrueshm n

vitin 2003 rezultoi 7.12 pr qind m i lartse ai i vitit 2002, duke zn nj pozicion me

rreth 76.31 pr qind t totalit t primeve t

arktuara n vitin 2003.

Volumi i primeve bruto t arktuara nga

Tabela 4: Volumi i primeve bruto n vitin 2003, sigurimi i detyrueshm e sigurimi vullnetar(jet, jo jet)

Grafik 3: Tregu i sigurimeve gjat vitit 2003

portofolet e Sigurimeve vullnetare rezultoi

21.17 pr qind m i ulet se ai vitit 2002, duke

zn nj pozicion me rreth 23.69 pr qind t

totalit t primeve t arktuara n vitin 2003.

N vitin 2003 tregu shqiptar i sigurimeve

vullnetare mbeti i orientuar drejt sigurimeve

t jo jets. Volumi i primeve t arktuara

nga portofolet e sigurimit t jo jetes n

vitin 2003, rezultoi 90.32 pr qind t totalit

t primeve bruto t arktuara , ndrkohq volumi i primeve bruto t arktuara nga

portofolet e sigurimit t Jets rezultoi n

masn 9.68 pr qind t totalit t primeve

bruto t arktuara.

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Tabela 5: Volumi i primeve bruto n vitet: 1999, 2000,2001,2002,2003.

5.2 Dmet

N vitin 2003 dmet e paguara rezultuan

1,306 milion leke ose 448 milion lek meshum se n vitin 2002.

Vlera m e madhe e dmeve t paguara i

prket Sigurimit t detyrueshm t cilat zn

83.84 pr qind t totalit t tyre.

Dmet e paguara ne portofolet e sigurimit

vullnetar rezultuan 211 milion lek q

prbjn 16.16 pr qind t totalit t dmevet paguara. Prsa i prket ndarjes midis dy

aktiviteteve siguruese Dme (jo-jete) dhe

Jete, dmet e paguara n vitin 2003 i prkasin

84.07 pr qind sigurimit te Dmeve (jo-jete)).

Tabele 6: Dme t paguara n vitin 2003.

Tabele 7: Dme t paguara n vite.

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Grafik 4: Shprndarja e dmeve gjat vitit 2003.

Tabele 8: Ecuria e primeve dhe dmeve n vite, n milion lek.

Grafik 5: Ecuria e primeve dhe dmeve n vite , n milion lek;

Dmet e paguara nga shoqrit e sigurimit

n vitin 2003 evidentohen n vlern 1,306.86

milion lek. Ndarja e dmeve t paguara

sipas shoqrive t sigurimit pr vitin 2003

pasqyron rritjen e ketyre vlerave t paguara

nga shoqerit Insig, Sigma, Sigal, Intersig

dhe n menyr me pak t ndjeshme nga

shoqria Atlantik.

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Tabela 9: Dmet e paguara nga shoqrit e sigurimit n vitet: 2002, 2003.

Grafik 6: Dmet e paguara nga shoqrit e sigurimit n vitet: 2002, 2003.

Tabela 10: Dmt e paguara nga shoqrit e sigurimit n Sigurimin Motorrik.

Grafik 7: Dmet e paguara n Sigurimin Motorrik nga shoqrite e sigurimit gjat viteve 2002, 2003.

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Tabela 11: Dmet e paguara nga shoqerit e sigurimit n Sigurimin e Pasuris.

Grafik 8: Dmet e paguara nga shoqerit e sigurimit n Sigurimin e Pasuris gjate viteve 2002, 2003.

Tabela 12: Dmet e paguara nga shoqerit e sigurimit n Sigurimin e Shndetit.

Grafik 9: Dmet e paguara nga shoqerit e sigurimit n Sigurimin e Shndetit gjat viteve 2002, 2003.

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5.3 Ndarja e tregut te sigurimevesipas shoqerive te sigurimit

Edhe gjat vitit 2003 tregu Shqiptar i sigurimeve

u nda ndrmjet pes shoqrive t sigurimeve :Insig, Sigma, Sigal, Atlantik, Intersig.

N kt industri kapitali vendas sht

mbizotrues, ndrsa kapitali i huaj

perfaqesohet me pjesmarrje 39 % n

shoqrine Insig dhe 12 % ne shoqrine Sigal.N vitin 2003 n tregun e sigurimit dominojn

tri shoqrit Sigal, Sigma, Insig, megjithse

edhe dy shoqrit e tjera kan nj rritje

Tabel 13: Pjesmarja e shoqrive n tregun e sigurimit pr vitin 2003.

Tabel 14: Pjesmarrja e shoqrive n tregun e sigurimeve n vite.

Grafik 10: Ecuria e t ardhurave bruto t primeve sipas shoqrive t sigurimit n vite.

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Tabele 15: Volumi i primeve t Sigurimit t Detyrueshm t arketuara n vite.

Tabela 16: Volumi i primeve t Sigurimit Vullnetar t arktuara n vite (milion lek).

Grafik 11: Raporti i Sigurimit Vullnetar dhe Sigurimit t Detyrueshm n shoqerit e sigurimit.

5.4 Ndarja e tregut t sigurimeve sipas portofoleve t sigurimit

Tabele 17: Struktura e primeve sipas portofoleve n vite.

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5.4.1 Sigurimet motorrike

N vitin 2003 t ardhurat e sigurimeve

motorrike zun 79.85 pr qind t t ardhurave

totale t aktivitetit sigurues, kundrejt 73.05

prqind q ishte n vitin 2002. N vitin 2003

primet nga sigurimet motorrike rezultuan 7.90

pr qind m shum se n vitin 2002.

Peshn kryesore n t ardhurat e portofolit

motorrik e zun t ardhurat nga TPL

brndshme e automjeteve dhe Kartoni jeshil.

T ardhurat nga primet e sigurimit TPL n vitin

2003 zun 68.37 pr qind t t ardhurave t

sigurimeve motorrike, nga 65.58 pr qind n

vitin 2002, ndrsa t ardhurat e siguruara

nga kartoni jeshil zune 18.58 pr qind t t

ardhurave t portofolit te sigurmit motorrik,

kundrejt 23.26 pr qind t vitit 2002.

Nga shoqrite e sigurimit n vitin 2003 nga

aktiviteti i TPL u arktuan 2,049 milion lek

prime ose 227 milion lek m shum se n

vitin 2002, ku u arktuan 1,822 milion lek

nga ky aktivitet .

Tabela 18: Volumi i primeve bruto te arketuara sipas klasave te Sigurimeve Motorrike gjate vitit 2003.

Grafik 12: Ndarja e tregut t sigurimit motorrik sipas portofoleve.

N rritjen e t ardhurave nga primet e

sigurimit TPL s brndshme ka ndikuar:

numri ne rritje i automjeteve ;

kjo shprehet me rritjen e numrit te kontratave

TPL, ku nga 149,999 kontrata t lidhura n

vitin 2002, ne vitin 2003 numri i tyre rezultoi

165,272, pra rreth 15,273 kontrata m shum

se n vitin 2002.

Numri i mjeteve t transportit rrugor qe kan

marr taksn e regjistrimit dhe qe kan

qarkulluar sipas DSHPTR per vitin 2003 esht

rreth 168,000 mjete.

Sipas statistikave t marra nga shoqrite e

sigurimit numri i kontratave sht 146,959.

T ardhurat nga Kartoni Jeshil n vitin 2003

rezultuan rreth 556.84 milion lek ose 89.38

milion lek me pak se n vitin 2002. Pr

sa i prket numrit te kontratave t Kartonit

Jeshil n vitin 2002 u lidhn 35,276 kontrata,

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Tabela 19: Volumi i primeve t Sigurimit t Detyrueshm TPL t arktuara n vitet 2000, 2001, 2002, 2003.

Tabela 20: Volumi i primeve t Sigurimit t Detyrueshem Kartoni Jeshil t arketuara n vite.

ndrsa n vitin 2003 u lidhn 35,965 kontrata

ose 689 kontrata m shum.

T ardhurat nga primet e sigurimit Kufitar

n vitin 2003 shnuan nj rritje n krahasim

me nj vit me par. Primet nga ky aktivitet

u rritn n masn 44.33 milion lek ose

rreth 24 pr qind. N qofte se n vitin 2002

u arketuan 184.27 milione lek, n vitin

2003 u arktuan 228.60 milion lek. Numri

i kontratave t sigurimit Kufitar n vitin

2003 rezultoi 57,538 ose 17,325 kontrata

m shum se n vitin 2002 ku ishin lidhur

40,213 kontrata pr kt lloj sigurimi t

detyrueshm.

Raporti dme/prime pr Sigurimin Motorrik

n vitin 2003 rezultoi 39.91 pr qind nga

28.25 pr qind n vitin 2002.

Raporti dme/prime pr Sigurimin e

Detyrueshm n vitin 2003 rezultoi 38.23 pr

qind nga 26.59 pr qind n vitin 2002.

Raporti dme/prime pr Portofolin e Kartonit

Jeshil n vitin 2003 rezultoi 92.73 prqind

nga 47.56 pr qind n vitin 2002 dhe 41

prqind n vitin 2001:

Tregu shqiptar i sigurimeve pr grupin e

sigurimeve Motorrike n vitin 2003 u nda

midis pes shoqrive te sigurimit si m

posht:

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Nvitin 2003 Sigurimet e Pasuris zun14.48

pr qind ttardhurave tprgjithshme t

aktivitetit sigurues. Gjat keitj viti tardhurat

nga primet e sigurimit tPasuris rezultuan

14.19 pr qind mtulta krahasuar me

vitin 2002. Peshn kryesore ne sigurimin e

Pasuris e zuri sigurimi nga Zjarri dhe Forcat

e natyrs me rreth 37.79 pr qind t totalit te

ketij portofoli.

Ndrsa n vitin 2002 nga portofoli i zjarrit u

arktuan 268.41 milion lek, n vitin 2003

u arktuan 205.55 milion lek. Pra portofoli

i zjarrit paraqet rnie n vitin 2003 n masn

62.86 milion lek ose rreth 23.42 pr qind m

pak.

Primi mesatar n fund te vitit 2003 rezultoi

me rnie. Kshtu nga 108,870 leknfund t

vitit 2001, primi mesatar pr portofolin nga

zjarri ra n masv n 80,968 leknvitin 2002

5.4.2 Sigurimi i Pasuris

dhe nfund tvitit 2003 ra n54,021 lek.

Megjithse tardhurat nga Sigurimi nga Zjarri

zunpjesn mtmadhe ttardhurave nga

primet nsigurimin e Prones , vihet re nj

rnie e ktyre operacioneve prsa i prket

sigurimit tpronave tvogla private , shtpive

apo dyqaneve qprbjne njpjestmirt

t ardhurave nSIgurimin nga Zjarri

Raporti dme /prime pr sigurimet e Pasuris

rezultoi nvitin 2003 nmasn 10.67 pr qind,

gjqe shnoi rritje nkrahasim me njvit m

parku ky raport rezultonte 5.01 pr qind.

Viti 2003 nuk shnoi dme nga katastrofat

natyrore.


sigurimeve tPasuris nvitin 2003 u nda

midis pesshoqrive tsigurimit si m

Tabela 21: Klasat e Sigurimit t Pasuris n vitin 2003.

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5.4.3 Sigurimi i aksidenteve dhe shendetit

Gjat vitit 2003 primet e arktuara nga

Sigurimi i aksidenteve dhe Shndetit

prbenin 3.38 pr qind t t ardhurave

totale t aktivitetit sigurues. N vitin 2003 t

ardhurat nga primet e sigurimit t

Aksidenteve dhe Shndetit arritn nivelin

e 126.91 milion lek ose 19.51 pr qind me

shum krahasuar me vitin 2002 duke shnuar

nj rritje t t ardhurave t ketij portofoli.

N vitin 2003 raporti dme/prime n

sigurimin e aksidenteve personale dhe

shndetit rezultoi 14.49 pr qind kundrejt

27.31 prqind n vitin 2002.


sigurimeve t aksidenteve dhe shndetit

n vitin 2003 u nda midis pes shoqerive t

sigurimit si me posht:

Tabela 22: Klasat e Sigurimit t Aksidenteve dhe Shndetit n vitin 2003;

Grafik 13: Ndarja e Tregut t sigurimit t Pasuris sipas portofoleve n vitin 2003.

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Grafik 14: Ndarja e tregut t sigurimit t aksidenteve dhe shndetit sipas portofoleve , 2003.

5.4.4 Sigurimi i jetes

Edhe gjat vitit 2003 aktivitetin e Sigurimit t

jets e ushtroi vetm shoqeria e sigurimeve

INSIG e cila njekohsisht ushtron edhe

aktivitetin e jo-jets.

N vitin 2003 primet e arktuara nga Sigurimi

i Jets perbenin vetem 2.29 pr qind t t

ardhurave totale t aktivitetit sigurues kundrejt

Tabela 23: Klasat e Sigurimit t Jets n vitin 2003.

Grafik 15: Ndarja sipas klasave t Sigurimit t Jets.

7.49 prqind q prbenin n vitin 2002.

Megjithse gjat vitit 2003 u bn prpjekje

me qllim prmirsimin e produkteve t

sigurimit t jets n treg , kto produkte duhett prshtatn sa m mir me tregun shqiptar

dhe t prputhen me mentalitetin e njerzve.

E rendsishme pr kt sektor mbetet sensibi-

lizimi i vazhdueshm i klientve pr rndsin

e sigurimit t jets dhe prfitimet q ai sjell.

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Tabela 24: Klasat e Sigurimit t Jets n vite.

5.5 Disa tregues t gjendjes stregut t sigurimeve

Industria e sigurimeve rezulton me 3,34

miliard lek t ardhura neto duke zn rreth

0.5 pr qind te PBB-se.

Treguesi i ROA tregon aftsin e shoqris

pr t operuar me fitim, ndrsa ROE

mundsin e rritjes s investimeve.

Tabela 25: Tregues t rentabilitetit pr vitin 2003, n prqindje.

ROA t ardhura nga investimet / totali aktiveveROE - fitimi i ushrimit / kapitalet e veta

Tabela 26: Treguesi i kufirit t fitimit pr vitin 2003, n prqindje.

Treguesi fitimit - Kufiri fitimit / prime bruto

Tabela 27: Raporti dme / prime pr vitin 2003, n prqindje.

Raporti dme / prime dme t ndodhura / prime t fituara.

Tabela 28: Treguesi fitimit pr vitin 2003, n prqindje.

Treguesi fitimit shpreh nse bisnesi ka qne me prfitim.Raporti _ (Dme t ndodhura +shpenzime t pergjithshme )/ Prime t fituara

/mln leke

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Tabela 29: Raporti i retensionit pr vitin 2003.

Tabela 30: Treguesi i kostos s marrjes n sigurim pr vitin 2003, n prqindje.

Shpenzimet e marrjes n sigurim / prime t shkruara

Tabela 31: Treguesi i shpenzimeve t prgjithshme pr vitin 2003.

Pjesa e primit t fituar q shrben pr t mbuluar shpenzimet e prgjithshme.

Tabela 32: Treguesi i pozits paguese pr vitin 2003, n prqindje.

Prime neto / kapitalet e vetaKy sht nj raport q jep nj induksion t par t pozits paguese t shoqris.

5.6 Rezervat teknike dhe risigurimet

5.6.1 Rezervat teknike

N baz t akteve ligjore e nnligjore n fuqi,

rezervat teknike t 31/12/2003 pr shoqerit

e sigurimit u ndan n rezerva teknike t

primit t pafituar dhe t rrezikut t paskaduar,

rezerva teknike t dmeve, rezerva teknike t

katastrofave dhe rezerva teknike t tjera.

Kto rezerva teknike u llogaritn duke u

bazuar n prgjgjesit e marra, si edhe n t

dhnat e dmeve dhe primeve t shoqrive t

sigurimit.

Ne milione lekeTabela 33. Rezervat teknike

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Aktiviteti sigurues sht i lidhur ngusht

edhe me risigurimin. Kjo pasi risigurimi i

lejon siguruesit t lirojn veten nga nj pjes

e riskut q kaprcen kapacitetin e tij mbajts

ose t rreziqeve te cilat pr nj arsye ose nj

tjetr nuk dshiron ti mbaj i vetm.

Nprmjet risigurimeve bhet e mundur:

stabiliteti i tregut t sigurimeve;

rritja e kapacitetit mbulues;

rritja e gams s produkteve n tregun e

sigurimeve;

fuqizimi i potencialit financiar t

siguruesit.

do sigurues duhet t arrije n nj konkluzion

mbshtetur n vendimet e tij n mas duhet

t blihet risigurimi. Vendimi i tij final do t

varet nga vullneti pr t marr nj rrezik,

fuqia financiare e shoqeris, apo praktikat e

tregut. Megjithat risigurmi mbetet prher

nj instrument i rndsishm q redukton

rrezikun e dshtimit t kompanis n

aktivitetin e saj sigurues.

N Shqipri nuk ekzistojn shoqri vendase

risiguruese apo siguruese q ushtrojn

aktivitet risigurimi, pavarsisht se Ligji Nr

8081, dat 7.03.1996 Pr veprimtarit e

Tabela 34: Prime t kaluara n Risigurim gjat vitit 2003.

sigurimit dhe/ose risigurimit, neni 9, ia njeh

kt t drejt edhe shoqrive vendase pr

ushtrimin e nj veprimtarie t till

Pr prballimin e prgjegjsive t marra

prej shoqrive t sigurimit q operuan n

tregun shqiptar gjat vitit 2003 u lidhn

marreveshje risigurimi, si fakultative pr

prballimin e pergjegjsive t veanta, ashtu

edhe marrveshje risigurimi pr perballimin e

portofoleve n trsi.

Kshtu pr risigurimin e portofoleve n trsi

u lidhen marrveshje risigurimi si t tipit

Exess of Loss (Jo proporcionale), ashtu edhe

te tipit Quota Share (proporcionale).

Portofolet e risiguruara ishin ato t sigurimit

t Pasuris(Pasuria, Cargo, CAR, EAR etj.),

t sigurimit Kartoni Jeshil, dhe t sigurimit t

Shndetit n Udhtim.

Shoqrit shqiptare t sigurimeve n vitin

2003 kan realizuar risigurime t suksesshme

pran risiguruesve serioz si: Swiss Re;

Hannover Re; Lloyds; Gothaer Re e t tjera.

Volumi i primeve t kaluara n risigurim n

vitin 2003 rezultoi ne 10.61 pr qind t tregut

t sigurimeve.

5.6.2 Risigurimet

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Shen

im:

Nete

dhenate

Sh

oqer

ise

INSIG

sha

janeteper

fshirea

ktiv

iteti

iJetes

dhe

Jo-j

etes

.

6. Bilanci i shoqrive t sigurimit pr vitin 2003

00

0/leke

000/leke

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6.1 Aktivi

Shnim: N t dhnat e Shoqeris INSIG sha jan t perfshir aktiviteti i Jets dhe Jo-jets.

31.12.2002 milion/leke

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6.2 Pasivi

milion/leke31.12.2003

Shenim: N t dhnat e Shoqris INSIG sha jan t prfshir aktiviteti i Jets dhe Jo-jets.

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Shenim: N t dhnat e Shoqerise INSIG sha jane te perfshire aktiviteti i Jetes dhe Jo-jetes.

6.3 Pasqyra e t ardhurave dhe shpenzimeve, viti 2003

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Insig sh.a.Shoqri sigurimi jete dhe dmesh

Adresa:Rruga e Dibres, Nr 91, Tiran

Tel:234170, 234168 Fax:234180

www.insig.com.al

Drejtor i Pergjithshm: Z.Varuzhan Piranjani

Data e themelimit:

Themeluar me Ligjin Nr 7506, dat 31.07.1991

Pr Institutin e Sigurimeve

Data e regjistrimit:

INSIG sh.a regjistruar n Gjykatn e rrethit

Tiran, Nr Akti 21463, dat 8.06.1999.

Licensuar nga KMS me Autorizim zyrtar Nr 03,

dat 8.06.2000 dhe Nr.04, dat 8.06.2000

Sigal sh.aShoqri sigurimi dmesh

Adresa:Bulevardi Dshmoret e Kombit,

Pallati i Diplomatve, nr 57, Tirane

Tel: 250220 ;Fax :233308

E-mail: [email protected]

Drejtor i Pergjithshm: Z. Avni Ponari

Data e regjistrimit:Regjistruar n Gjykatn

e rrethit Tiran, Nr Akti 20863, dat

22.02.1999. Licensuar nga KMS me Autorizim

zyrtar Nr 2, dat 23.06.1999.

Sigma sh.a.Shoqri sigurimi dmesh

Adresa:Sheshi Wilson, Tiran

Kutia postale 1714, Tiran

Tel: 258254 ; Fax :258253


Drejtor i Pergjithshm: Z.Qemal Disha

Data e regjistrimit: Regjistruar n Gjykatn e

rrethit Tiran, Nr Akti 20487, dat 31.12.1998 .


dat 03.02.1999.

Intersig sh.a.Shoqri sigurimi dmesh

Adresa:Rr.Ali Demi TIRANE

Tel:344 718

Drejtor i pergjithshm: Z. Vangjel Birbo

Data e regjistrimit:Regjistruar n Gjykaten e

rrethit Tiran, Nr Akti 26103, dat 18.07.2001


dat 13.09.2001.

Shoqerit e sigurimit n tregun Shqiptar 2003

Atlantik sh.a.Shoqri sigurimi dmesh

Adresa:Rr. Themistokli Germenji Nr.3/1

TIRANE

Tel:230 506 ; Fax : 253 o71

Drejtor i pergjithshem:Z.Dritan elaj

Data e regjistrimit:Regjistruar n Gjykaten e

rrethit Tiran, Nr Akti 25720, dat 02.05.2001.


dat 13.04.2001.

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Contents

Tables and GraphsTable 1: General Indicators

Table 2:Premiums in Years: 1999,2000,2001,2002,2003

Table 3:Gross premiums 2002,2003

Table 4: Gross Premiums in 2003, Compulsory and Voluntary Insurance (Life & Non-life)

Table 5: Gross Premiums volume by year: 1999, 2000,2001,2002,2003;

Table 6:Paid Claims in 2003.

Table 7: Paid claims by year

Table 8: Premiums and Claims by year, in million leke.

Table 9: Paid claims by Insurance company: 2002,2003 (in million lek)

Table 10:Paid claims by Insurance company in Motor Insurance (in million lek)

Table 11: Claims by Insurance company in Property Insurance (million lek)

Table 12: Paid claims by Insurance company in Health InsuranceTable 13:Participation of the insurance companies in the market for 2003

Table 14:Participation of the insurance companies in the market by year

Table 15: Premiums Volume of Compulsory Insurance by year (million lek):

Table 16:Premiums Volume of Voluntary Insurance by year (million lek);

Table 17: Premiums collected divided by portfolio (million lek);

Table 18: Premiums by Motor Vehicle Insurance Classes in 2003

Table 19:Motor insurance TPL Premiums by year

Table 20:Green Card written Premiums by year

Table 21: Property Insurance Classes in 2003

Table 22:Health and Accident Insurance in 2003

Table 23:Life insurance classes for 2003;Table 24: Life insurance Classes in years

Table 25:Indicators for 2003

I. Insurance Supervisory Commission

II. Legislation on Insurance Activity

III. Albanian Economy 2003

IV. Insurance Market4.1 Premiums.

4.2 Gross Written Premiums for 2003

V. Insurance market Share5.1 Compulsory and Voluntary Insurance (Life & Non-life)

5.2 Claims

5.3 Insurance Companies

8

11

13

1414

15

1616

17

21

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Table 26: Profit Indicator in 2003

Table 27: Claims/Premiums ratio for 2003

Table 28: Profit indicator for 2003

Table 29: Retention Ratio for 2003

Table 30: Underwriting cost indicator for 2003

Table 31: General expenses indicator for 2003

Table 32:Indicator of payable position for 2003

Table 33:Technical Reserves

Table 34: Premiums ceded in reinsurance during 2003

Graph 1: Insurance market 1999-2003

Graph 2: Gross premiums 2003 by trimesters

Graph 3: Insurance market 2003

Graph 4: Claims by Insurance branch in 2003

Graph 5:Premiums and Claims by year, in million leke.

Graph 6:Paid claims by Insurance company: 2002,2003 (in million lek)

Graph 7:Paid claims by Insurance company in Motor Insurance (in million lek) 2002,2003

Graph 8:Paid claims by Insurance company in Property Insurance (million lek) 2002, 2003

Graph 9:Paid claims by Insurance company in Health Insurance 2002,2003

Graph 10:Gross Premiums collected by companies

Graph 11:Between Voluntary and Compulsory Insurance by Company

Graph 12:Motor Vehicle Insurance by Portfolio

Graph 13: Property Insurance Market in 2003Graph 14:Health and Accident Insurance Market by portfolio in 2003

Graph 15:Life insurance by Classes

5.4 Insurance Market by Portfolio

5.4.1 Motor Vehicle Insurance

5.4.2 Property Insurance5.4.3 Health and Accident Insurance

5.4.4 Life Insurance

5.5 Indicators of the Insurance Market

5.6 Technical Reserves and Reinsurance

5.6.1 Technical Reserves

5.6.2 Reinsurance

VI. Balance Sheet of Insurance Companies 20036.1 Active

6.2 Passive

6.3 Revenues and Expenses

Insurance Companies in Albanian Market for 2003

22

23

2526

27

28

29

29

29

3132

33

34

35

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Gzim AgasiChairman

Teuta CaniDeputy Chairwoman

Shptim ShehuMember

Genc ifliguMember

Hysen elaMember

Adriatik IslamajMemberI

nsura

nce

Supervisory

Commiss

ion

Silvana BelloDeputy Chairwoman

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8

1. Insurance Supervisory Commission

The Insurance Supervisory Commission is the

solely legal authority that licenses, audits

and supervises the insurance companies in

the protection of insureds interest.

Albanias Insurance Supervisory Commission

(ISC) exerts its activity in compliance with the

Law 8081, dated n 07.03. 1996 On the Insur-

ance and Reinsurance Activity, based on the

Council of Ministers Decision no 229, dated

on 28.04.1999 On Functioning and Organiza-tion of ISC.

Albanian Insurance Supervisory Commis-

sion is composed by the Commission and the

Executive staff.

Executive staff of the Insurance Supervisory

Commission carries out its activity aiming at

realizing the obligations deriving from rel-

evant laws, orders and by-law acts in power,

assuring their implementation from the insur-

ance companies and other stakeholders of

the insurance market.

Over the course of this year, the activity of

this institution was directed in the following:

Supervision, auditing of insurance compa-

nies, decision-making; Legislative initiatives;

Administrative Issues.

Referred to the changes the Albanian

economy is going through in general, and in-

surance market in particular it is necessary to

underline some specifics of this market dur-

ing 2003, that clearly show the modernization

of the Albanian Insurance industry.

In line of this changes, and based on sugges-

tions and assistance of the World Bank, the

Albanian Government through the Ministry of

finance and The insurance Supervisory Com-

mission undertook the initiative of drafting

two new laws, On insurance, reinsurance

and intermediary activity and On organiza-

tion and functioning of Insurance Supervisory

commission that heavily rely on European

practices.

This draft laws have been enriched with clear

definitions of insurance and reinsurance ac-

tivities consistent with EU directives and IAIS

standards that are crucial to its successful

implementation that will enable the establish-

ment of a stable, efficient and transparent

market.

ISC Commission is composed of the Chair-

man, two deputy Chairwoman and four

members. The Chairman is appointed for the

Council of Ministers with the proposal of the

Minster of Finance and the deputy chairwom-

en and the members of board are appointed

from the Minster of Finance with the proposal

of the Chairman of ISC.

Insurance Supervisory Commission is a col-

legial body, and in line with its functions it is-

sues decisions, instructions and regulations.

The executive staff of ISC

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9

As the market grows the needs for the licens-

ing of intermediaries entities becomes quite

obvious. The draft law has provided the terms

and conditions, for the licensing of intermedi-

ary activity.

References to the protection of the policy-

holders, as important as it is in a growing

market with so many uncertainties are made

in the draft law for insurance activities, and

the enactment of this law would certainly fa-

cilitate the operation of the insurance market

in the future.

The draft law On organizing and functioning

of Insurance Supervisory Commission will

affect the increase of the supervisory and

regulatory level of the institution in helping

the development of the insurance market.

Another important thing are the changes in

the Albanian Insurance Market infrastructure

during 2003, it is the first time that insurance

companies operate through insurance agent

licensed from the Insurance Supervisory

Commission, process, which shall increase

the level of control and supervision on the

insurance activity.

It is important to stress, the entry of new ac-

tors into the Albanian Insurance Market dur-

ing 2003. EBRD and IFC are shareholders of

Insig Company with 39% and American Alba-

nian Enterprise Fund has now 12%of shares in

Sigal insurance Company. These fundamental

changes show once again the big steps that

have made the Albanian Insurance industry

towards stability and development.

In 2003 the Insurance supervisory Commis-

sion undertook the initiative of drafting new

regulations on insurance activity:

On licensing the insurance brokers, an indis-

pensable process for the Albanian insurance

market;

On prevention of money-laundering in insur-

ance activity;

Controlling Standards on insurance compa-

nies;

On reporting systems from insurance com-

panies.

Also a lot of initiatives have been undertaken

in order to increase the level of commu-

nication between the ISC and insurance

companies, and to develop training courses

programs.

In June 2003 the Insurance supervisory com-

mission in collaboration with the Association

of the Albanian Insurers organized the I-st Re-

gional Conference Insurance as an integral

part of the financial market and an important

factor on the development of the economy

with the participation of important actors of

the insurance market from region and Europe.

The Insurance Supervisory Commission

organized in December 2003 in cooperation

with the Insurance Supervisory Authority of

Sweden the Actuarial Seminar in Tirana, with

participants from ISC, and insurance Compa-

nies from Albania and Kosovo.

Regional Conference, June 2003

Actuarial seminar, December 2003

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Relations with the InternationalInstitutions

In the light of a better coordination of the

work of our institution with the state struc-

tures charged by the law for auditing and

supervising the activity of private entities,

during 2003, ISC undertook initiatives to

draft, negotiate and sign co-operation

agreements on exchange of relevant informa-

tion with some institutions linked with the

supervising sector. More specifically, ISC has

signed co-operation agreements with:

General Tax Directorate;

Ministry of Transports;

During 2004 have started the procedures to

sign cooperation agreements with the Gen-

eral Directorate of Police, in order to better

implementation of the legislation in force on

obligatory insurance TPL, and with the Bank

of Albania.

ISC is a full right member of the International

Insurance Supervisory Association. ISC

membership in this institution enabled the

staff to take part in training activities and in

international conferences organized by IAIS

and other similar organizations during 2003.

Our participation in these organizations

has been assessed as very successful and

has helped in improvement of supervisory

standards and acquaintance with the new

things in this field.

During 2003 ISC undertook the initiative to

start cooperation with Insurance Supervisory

Authorities in the region,during 2004 will be

signed the Memorandum of Understanding

with Supervisory Authority of Kosovo, and

shall start the negotiations to sign this

memorandum also with the Supervisory

Authorities of Italy, FYROM, Greece.

This document shall formally set up the bases

of an institutional cooperation with these

authorities in order to increase and improve

the supervisory methods, and fur ther develop

the insurance industry.

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11

The activity of insurances and reinsurances

in Albania is based and regulated by the

following law and by-law acts:

Constitution of the Republic of Albania

The Civil Code of the Republic of Albania

The Law no 8081, dated on 7.03.1996

On the insurance and/or reinsurance

activity(amended), which defines

the principles and general regulations

connected with the insurance and/or

reinsurance activity and with the state

supervision of legal associations and

enterprises that undertake to carry out

insurance and reinsurance activities.

The law no 7641, dated on 1.12.1992 On

the approval and changes to the Decree

no 259, dated on 15.09.1992 On the

compulsory insurance of the possessors

of motoric vehicles for third party

liability

Council of Ministers Decision no 626,

dated on 8.10.1998 On the minimum

boundaries of the guarantee for insurance

and/or reinsurance companies.


dated on 28.04.1999 On ISC functioning

and organization.


dated on 03.10.2002 On conditions of

issuance of the official authorization and

the regulations in insurance intermediary

activity

Instructions and Orders from the Minister

of Finance.

ISC Regulations

The above-listed legal framework

allows:

Establishment of private insurance

companies.

Insurance and/or reinsurance

activity is carried out by companies,

established in the form of joint-

stock company with foreign or

domestic capital, while the foreign

companies can exert insurance and/or

reinsurance activities in the Republic

of Albania only through their branches

in Albania.

An insurance company that operates

in the life insurance cannot exert

insurance activities for non-life.

The Insurance and/or reinsurance

companies should have a fundamental

calendar, without including the

contributions varying from 50-

100 million lek, depending on the

insurance groups the society will pay

in insurance of damages, and not

less than 120 mln if the company will

operate in life insurance activities.

The insurance and/or reinsurance

companies will start their activity

only after they receive the formal

authorization from the ISC.

A local or foreign branch insurance

company can be equipped with an

official authorization from the ISC if

they meet similar criteria as:

It should be founded in the way

defined by Law 9081, dated on 7.03.

1996.

It should have a business plan

drafted according to the demands of

this Law.

It should possess the minimum

guarantee funds.

The effective management of

the company should be trusted to

physically sound and professionally

capable individuals.

The companies authorized to

operate in the field of insurances and/

or reinsurances should be supervised

2. Legislation on Insurance Activity

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12

by the ISC, aiming at protecting the

costumers interests.

Insurance companies exercising

motor insurance business should

establish the Motoric Bureau, which

represents these companies to the

domestic and foreign market.

Foreign capital in an insurance

company according to Albanian Law is

unlimited.

Foreign insurance and/or

reinsurance companies that want to

extend their activity in the territory of

the Republic of Albania through their

branches should have an experience

of at least 5 years in the country of

origin.

The minimum limits of the guarantee

fund for an insurance and/or

reinsurance company should vary from

30 to 60 million lek at the beginning of

the activity, and from 50 to 90 mln lek

at the end of the second financial year,

depending on the insurance classes

that the company shall exercise in

non-life business; if the company will

operate in the field of life insurance it

should have a minimum of 120 million

lek at the beginning of the first year

and 180 million at the end of the

second financial year;

Premiums of voluntary insurance

should be defined by the company

itself; premiums of compulsory

insurance should be defined by the

Minister of Finances.

The compulsory insurance includes

the class of civil responsibilities

from usage of vehicles, that is the

insurance contract of owners of

motoric vehicles for third party

liabilities within the countrys territory

(TPL); the insurance contract of

an owner of a motoric vehicle that

has a temporary number plate; the

insurance contract for using the

motoric vehicle outside the countrys

territory (green card); insurance

contract of an owner of a motoric

vehicle that has a foreign license plate

but who has an insurance contract

with a domestic insurer (border

insurance contract).

All the insurance contracts are

subject of the VAT in the amount of

20%

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Source of information:Bank of Albania, Annual Report 2003

The economic growth in Albania for

2003, resulted 6% compared with 4.7%

registered in 2002.The development of the

economic activity is evident in all sectors

of the economy, especially in construction,

transport and services. The increase of

investments that resulted in 22.3% of GDP

has its contribution on the economic growth

for 2003.

As a result of a big support from the banking

sector, investments in private sector

represented 75% of the total of investments

for 2003.

Year 2003 marked a slight improvement

of the labor market. During this year there

is a increase in the number of employed

people, but the chronic factors of the

Albanian transition: emigration and informal

economy, effect in the decrease of the labor

forces, and make difficult to explain the

effects of economic development policies on

employment.

At the end of 2003 the level of unemployment

stopped at 15%, compared with 15.8% at the

end of 2002.

Year 2003 was characterized by a low

inflation, within the objectives of the Bank

of Albania. The Inflation norm in December

2003 was 3.3 %, respecting the BoA

objectives, and the consume prices increased

by 2.37% during 2003.

Regardless the various factors that have

affected this inflation, it is considered that

it has reflected the controlling of internal

demand pressures as a result of healthy fiscal

and monetary policies.

This year was characterized also by a rational

distribution of the fiscal expenditures.

Although, it must be underlined that the weak

points remain the revenues that reached

93% and especially capital expenditures that

marked 62% of the plan for 2003.

Year 2003 is characterized from an intense

activity in foreign sector, expressed in the

considerable increase of the revenues and of

current expenditures.

The deficit of the current account has reached

6.7 % of GDP, decreased by 2 percent points,

compared with the previous year.

It must be stressed that the commercial

deficit keep on deepening, reflecting mainly

the increase of the Albanian economy

consumption and underlines the need to

improve the productive and competitive

capacities of the Albanian Economy. The

payments balance sheets general position is

positive. For the first time in December 2003

its general level exceeded 1 billion USD, or

more precisely registered 1.026 billion USD at

the end of December2003.

3. Albanian Economy 2003

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14

Since 1999, year that dated the liberalization

of the insurance market in Albania, this

market has done real steps towards

development in its gross premiums revenues.

Table 1: General Indicators

4.1 Premiums

Premium volume for 2003 decreased by 1.28

percent compared with 2002. With the growth

indicators that this activity has shown during

the last four years, this year, it registered for

the first time very slight signs of decrease.

Table 2: Premiums in Years: 1999,2000,2001,2002,2003.

Graph 1: Insurance market 1999-2003

4. Insurance Market

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16

5. Insurance Market Share

5.1 Compulsory and Voluntary

Insurance (Life & Non-life)

In 2003 the Gross Premium volume resulted

3,755.09 million leke compared with 3,803.74

million leke collected in 2002, or marked a

decrease by 1.28% .

The insurance market in 2003 was oriented

towards compulsory insurance.

Gross Premiums volume collected from

Compulsory insurance in 2003 resulted 7.12

per cent higher than the volume collected in2002, representing 76.31 percent of the total

Gross Premiums volume collected in 2003.

Gross Premiums volume collected from

Voluntary insurance in 2003 marked a

Table 4: Gross Premiums in 2003, Compulsory and Voluntary Insurance (Life & Non-life)

Graph 3: Insurance market 2003

decreased by 21.17 per cent compared with

2002, representing 23.69 percent of the Total

Gross Premiums volume collected in 2003.

Albanian Voluntary Insurance Market

remained oriented towards non-life business

also for 2003.

The premium volume collected from non-life

insurance activity in 2003 represented 90.32per cent of the Total Gross Premiums volume

collected in 2003, compared with 9.68

collected from Life insurance, that still remain

in very low levels also during 2003.

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17

Table 5: Gross Premiums volume by year : 1999, 2000,2001,2002,2003;

5.2 Claims

During 2003 paid claims amounted 1,306

million leke or 448 million leke more,compared with the total amount that

insurance companies paid during 2002.

Paid Claims related with Compulsory

Insurance for 2003 represented 83.84 per

cent of the total amount this year.

Paid Claims in Voluntary Insurance Portfolios

resulted 211 million leke , representing 16.16percent of the total amount paid by insurance

companies.

During this year in the Albanian insurance

market 84.07 per cent of the paid claims was

related with non- life insurance.

Table 6: Paid Claims in 2003.

Table 7: Paid claims by year

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Graph 4: Claims by Insurance branch in 2003

Table 8: Premiums and Claims by year , in million leke.

Graph 5: Premiums and Claims by year, in million leke.

The ratio Paid Claims/Written Premiums for

2003 resulted 25.55% compared with 22.57%

in 2002. This ratio in compulsory insurance

resulted 38.22 per cent compared with 26.59

per cent in 2002, while in voluntary insurance

resulted 23.73 per cent compared with 13.05

per cent in 2002.

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20

Table 11: Paid claims by Insurance company in Property Insurance (million lek)

Graph 8: Paid claims by Insurance company in Property Insurance (million lek) 2002, 2003

Table 12: Paid claims by Insurance company in Health Insurance

Graph 9: Paid claims by Insurance company in Health Insurance 2002, 2003

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5.3 Insurance Companies

Insig, Sigma, Sigal, Atlantik, Intersig are the

companies that exercised their activity in the

Albanian Insurance Market for 2003.

Albanian insurance activity is mainly

represented by domestic capital, while foreign

capital is represented only with 39% of shares

in INSIG insurance company and 12 % in

Sigal insurance company.

In 2003 the first three insurance companiesdominated the insurance market, representing

82.44 per cent of the premiums volume.

Although, the other two companies showed

progress compared with the previous year.

Table 13: Participation of the insurance companies in the market for 2003

Table 14: Participation of the insurance companies in the market by year

Graph 10: Gross Premiums collected by companies

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22

Table 15: Premiums Volume of Compulsory Insurance by year (million lek):

Table 16: Premiums Volume of Voluntary Insurance by year (million lek);

Graph 11: Between Voluntary and Compulsory Insurance by Company

5.4 Insurance Market by Portfolio

Table 17: Premiums collected divided by portfolio(million lek);

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23

5.4.1 Motor Vehicle Insurance

The growth tendency in motor insurance is

more evident during these years than in other

insurance portfolios.

The revenues form motor insurance activity

represented 79.85percent of the total revenues

collected from insurance activity during 2003

resulting 7.90percent higher, compared with

2002.

The main part of the revenues from this

portfolio was represented by MTPL and Green

Card.

Revenues from the TPL in 2003 represented

68.37percent of incomes collected

from Motor Insurance Portfolio compared with

65.58percent in 2002, while the

revenues from Green Card represented

18.58percent compared with

23.26percent collected in 2002.

The domestic third party liability (TPL)

premiums collected during 2003 have

reached the amount of 2,049 million lek

Table 18: Premiums by Motor Vehicle Insurance Classes in 2003

Graph 12: Motor Vehicle Insurance by Portfolio

compared with 1,822 million lek collected

during the previous year.

The continuous growth of the number of

vehicles during 2003 had its impact in

the growth of the premium income in this

portfolio, this is indicated also with the

growing number of TPL contracts that during

2003 resulted 165,272 or 15,273 contracts

more than in 2002.

Number of vehicles registered during 2003

has reached the amount of 168.000 vehicles.

According to the statistical data taken

from insurance companies the number of

TPL contracts has reached the amount of

146.959.

The revenues from Green Card in 2003

resulted 556.84million lek with a decrease of

89.38million lek compared with the previous

year. During 2003 were concluded 689 Green

Card policies more than in 2002, the number

of this contracts for 2003 was 35,965.

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25

Property insurance in 2003 represented,

14.48 % of the insurance market with a

decrease of 14.19 % compared with 2002.

Even during 2003, Fire and Natural Disasters

insurance had the main share in Property

Insurance with 37.79%.

In spite of a harsh competition, during 2003

the Fire Insurance premium income reached

the amount of 205.55 million leke registering

a decrease of 23.42 compared with the year

2002.

The average premium at the end year 2003

reached the amount of 54.021 leke registering

a decrease compared with 108,870 leke at the

end of 2001.

The Claims/Premiums ratio for 2003 in

5.4.2 Property Insurance

Property Insurance resulted 10.67percent,

this marked an increase compared with 5.01

percent in 2002.

During the year 2003 there were not

registered any important damage from

natural catastrophes.

The participation of the companies in the

Albanian Property Insurance Market for 2003

is shown in the graph below.

Table 21: Property Insurance Classes in 2003

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5.4.3 Health and Accident Insurance

During 2003 the premium income of Health

and Accident insurance represented 3.38

percent of the total insurance premium

income. Year 2003 marked positive results

in premium income of Health and Accident

Insurance reaching the amount of 126.91

million leke or 19.51 percent higher than in the

previous year.

The Claims/Premiums ratio for 2003 in

Health and Accident Insurance resulted

14.49percent, compared with 27.31 percent in

2002.

During the year 2003 there were not

registered any important damage from

natural catastrophes.

The participation of the companies in the

Albanian Health and Accident Insurance

Market for 2003 is shown in the graph below.

Table 22: Health and Accident Insurance in 2003

Graph 13: Property Insurance Market in 2003

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5.4.4 Life Insurance

Also during 2003 the activity of life insurance

was exerted only by INSIG insurance

company, which exercised simultaneously

non-life insurance.

The amount of premiums collected in life

insurance represented only 2.29 percent of

the total premium income for 2003 compared

with 7.49 percent that it represented in 2002.

An important component on this sector still re-

mains the continuous sensitization of the clients

for the importance and benefits of life insurance.

Table 23: Life insurance classes for 2003;

Graph 15: Life insurance by Classes

The insurance companies made efforts during

2003 in order to improve the existing products

of life insurance in the market, which is a

priority for increasing the revenues on this

insurance branch. These products should meet

the needs of Albanian market and should be

in compliance with peoples mentality.

During 2003 claims / premiums ratio, resulted

to be 39.08 percent compared to 4.47 percent

that was in 2002.

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Table 24: Life insurance Classes in years

5.5 Indicators of the InsuranceMarket

The financial situation of the insurance sector

for the ending year 2003 is considered positive.

The revenues of this system result 3,34 milliard

lek representing 0.5 percent of GDP.

ROA indicator shows the ability of the

company to operate efficiently, while ROE

shows the investment growth possibility

Table 25: Indicators for 2003

ROA revenues from Investments / Active totalROE - Net Profit /Individual Capital

Table 26: Profit Indicator in 2003

Profit Indicator Net profit / Gross premiums

Table 27: Claims/Premiums ratio for 2003

Ratio Claims / premiums : Occurre d Claims /Net premiums .

Table 28: Profit indicator for 2003

This indicator shows if the business is operating with profitabilityRatio (Occurred claims +general expenses/ Net premiums

/mln leke

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Table 29: Retention Ratio for 2003

Table 30: Underwriting cost indicator for 2003

Underwriting expenses / Written premiums

Table 31: General expenses indicator for 2003

That part of premium that cover the general e xpenses.

Table 32: Indicator of payable position for 2003

Net premiums / Individual capital

5.6 Technical reserves and reinsurance

5.6.1 Technical Reserves

Based in the legal frame work in force,

and in by law acts, technical reserves of

the insurance companies in 31/12/2003

were broken down in technical reserves

of unearned premium, claims technical

reserves, unexpired risk technical reserve,

catastrophes technical reserves and other

technical reserves.

These technical reserves were estimated

based in the liabilities taken from the insur-

ance companies and also based in premiums

and claims dates of the insurance companies.

in million LekTable 33. Technical Reserves

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Note:Data

forINSIG

includ

esactivitiesoflife

and

non-

life

business

6. Balance Sheet

00

0/lek

000/lek

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6.1 Active

Shenim: Ne te dhenat e Shoqerise INSIG sha jane te perfshire aktiviteti i Jetes dhe Jo-jetes.

31.12.2002 million/lek

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6.2 Passive

million/lek31.12.2003

Note: Data for INSIG includes activities of life and non-life business

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Note: Data for INSIG includes activities of life and non-life business

6.3 Revenues and Expenses

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Insig sh.a.Life and Non-life Insurance Company

Address:Rruga e Dibres, Nr 91, Tiran

Tel:234170, 234168 Fax:234180

www.insig.com.al

General Manager: Mr.Varuzhan Piranjan

Founded date:

Funded based on Law Nr 7506, 31.07.1991 On

Insurance Institute

Registration date:

INSIG sh.a registered in Tirana Court,

Nr.21463, dated 8.06.1999. Licensed from

ISC with Official Authorization Nr 03, dated

8.06.2000 and Nr.04, dated 8.06.2000

Sigal sh.aNon-life Insurance Company

Address:Bulevardi Dshmoret e Kombit,

Pallati i Diplomatve, nr 57, TIRANE

Tel: 250220 ;Fax :233308


General Manager: Mr. Avni Ponari

Registration date:

Sigal sh.a registered in Tirana Court,



23.06.1999

Sigma sh.a.Non-life Insurance Company

Address:Sheshi Wilson, Tirane

P.O. Box 1714, Tiran

Tel: 258254 ; Fax :258253


General Manager: Mr.Qemal Disha

Registration date:

Sigma sh.a registered in Tirana Court,



03.02.1999

Intersig sh.a.Non-life Insurance Company

Address:Rr.Ali Demi TIRANE

Tel:344 718

General Manager: Mr. Vangjel Birbo

Registration date:

Intersig sh.a registered in Tirana Court,



13.09.2001

Insurance Companies in Albanian Market for 2003

Atlantik sh.a.Non-life Insurance CompanyAddress:Rr. Themistokli Germenji Nr.3/1

TIRANE

Tel:230 506 ; Fax : 253 o71

General Manager: Mr.Dritan Celaj

Registration date:

Atlantik sh.a registered in Tirana Court,



13.04.2001

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