EUROSIG and INSIG, owned by Kadri Morinaj, increase profits while reducing compensation payouts
Motor third-party liability (MTPL) insurance premiums for the period January–February 2026 reached approximately ALL 2.38 billion, marking a 3.77% increase compared to the same period in 2025.
The domestic MTPL product recorded a 5.26% rise in gross written premiums, accompanied by a 7.93% increase in the number of contracts year-on-year.
Meanwhile, gross claims paid in the motor insurance sector reached ALL 987 million during January–February 2026, reflecting a modest increase of around 2.32% compared to the same period a year earlier.
However, a notable development is observed in one of the largest insurance companies in the market, Eurosig, owned by Kadri Morinaj. Despite reporting strong growth in gross written premiums—and therefore higher revenues—the company has significantly reduced its compensation payouts in motor insurance.
According to official data published by the Financial Supervisory Authority, compensation payments by Eurosig for January–February 2026 declined by approximately 30% compared to the same period in the previous year, despite the increase in insurance activity.
A similar trend is also observed in Insig, another company owned by Kadri Morinaj, although the decline is less pronounced. For the domestic MTPL product, Insig reported a reduction of over 10% in claims paid.
This indicates that both Eurosig and Insig are increasing profits through mandatory insurance products, while compensation payouts to policyholders are decreasing.
Furthermore, Eurosig recorded a 65% drop in compensation for accidents occurring abroad. Claims paid in fire, natural disasters, and other property damage insurance also decreased significantly, by 56%.