TIRANA, April 29 /ATA/-In January-March 2021, compulsory motor insurance premiums reached about ALL 2,258 million, or 8.36% more than in the same period of the previous year.
According to the report published by the Financial Supervision Authority (FSA), the domestic motor third-party liability (MTPL) product, in January-March of 2021 marked an increase of 13.16% in the volume of gross written premiums, which led to an increase in the number of contracts by 15.44% compared to January-March 2020.
In January-March 2021, the Green Card product recorded a decrease of 20.38% in the volume of gross written premiums, leading to a decrease in the number of contracts by 35.92% compared to the same period a year earlier.
In the first three months of 2021, the Cross Border Insurance Product marked an increase of 43.38% in the volume of gross written premiums compared to the period January-March 2020. The number of contracts during this period increased by 36.71%. //a.i/
