Progress of Insurance Companies in Albania from 2018 to 2024

Abstract

Insurance Companies that extend their activity in the territory of the state of Albania, represent an important voice of non-banking financial institutions within the economy of our country. One of the most important objectives of this paper, presented by the authors, has to do with the realization of an assessment of the financial performance of some of the most important companies operating in our country. With special attention to identifying potential opportunities for increasing the level of sustainability and increasing the level of profitability. The authors have used a multifaceted approach, including quantitative and qualitative data in the methodology to better analyze and analyze the main Financial Indicators that affect the insurance industry. The financial analysis carried out by the authors is based on the official financial statements of the Insurance Companies. This analysis uses financial reports to show the performance of the insurance companies that are taken into study. To carry out a complete assessment through these reports, information on the financial statements of the insurance companies studied is needed. Another important part of this paper is dedicated specifically to insurance related to health care insurance in our country.