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Concentration of Albanian Insurance Market


  • Gentiana Sharku
  • Sali Shehu


The state monopoly in Albanian insurance market lost its position in 1999. But only after 2005, the insurance market in Albania is significantly developed. As result of the increasing of insurance operators and the market size, the competition in insurance market has been increased. The aim of this paper is to examine the evolution of the insurance market structure in Albania. The concentration degree is measured through concentration rates CR1 and CR4 and Herfindahl-Hirschman index for the period 2005-2015. The concentration rates and HHI indexes are calculated separately for life insurance and non-life insurance activity, voluntary and compulsory insurance market, and for each class of non-life insurance: motor, property and health insurance classes. Based on the above indexes, the paper concludes that the competition in insurance market is increased over years, but the market structure type varies among different insurance activities.

Suggested Citation

  • Gentiana Sharku & Sali Shehu, 2016. "Concentration of Albanian Insurance Market," Ekonomika a Management, University of Economics, Prague, vol. 2016(3).
  • Handle: RePEc:prg:jnleam:v:2016:y:2016:i:3:id:279

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    References listed on IDEAS

    1. Jedlicka, Lorenz & Jumah, Adusei, 2006. "The Austrian Insurance Industry: A Structure, Conduct and Performance Analysis," Economics Series 189, Institute for Advanced Studies.
    2. Vladimir Njegomir & Dragan Stojić, 2011. "Liberalisation and Market Concentration Impact on Performance of the Non-Life Insurance Industry: The Evidence from Eastern Europe," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 36(1), pages 94-106, January.
    3. Safet Kozarevic & Laura Peressin & Giorgio Valentinuz, 2013. "Efficiency of the Transition of Insurance Markets in South-Eastern European Post-Communist Countries," South-Eastern Europe Journal of Economics, Association of Economic Universities of South and Eastern Europe and the Black Sea Region, vol. 11(2), pages 139-164.
    4. Barbara Casu & Claudia Girardone, 2006. "Bank Competition, Concentration And Efficiency In The Single European Market," Manchester School, University of Manchester, vol. 74(4), pages 441-468, July.
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    1. repec:spr:cejnor:v:26:y:2018:i:3:d:10.1007_s10100-017-0514-7 is not listed on IDEAS

    More about this item


    Insurance concentration; Herfindahl-Hirschman index; Competition; Insurance concentration; Herfindahl-Hirschman index; Competition;

    JEL classification:

    • D40 - Microeconomics - - Market Structure, Pricing, and Design - - - General
    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies


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