insurance companies – Albanian  Telegraphic  Agency. https://en.ata.gov.al News Agency Sat, 03 Jul 2021 11:31:10 +0000 en-US hourly 1 Insurance contracts against fire and natural forces increase by 11% https://en.ata.gov.al/2021/07/03/insurance-contracts-against-fire-and-natural-forces-increase-by-11/ https://en.ata.gov.al/2021/07/03/insurance-contracts-against-fire-and-natural-forces-increase-by-11/#respond Sat, 03 Jul 2021 11:31:10 +0000 http://en.ata.gov.al/?p=154380 TIRANA, July 3 /ATA/ The earthquake of November 26, 2019 which caused damage of almost 1 billion euros, put a significant emphasis on creating a culture of property insurance in order that the insurance companies respond to citizens to face difficulties.

This situation has raised the awareness of citizens, which is reflected in the increase of the number of fire and the natural forces insurance contracts.

The Financial Supervision Authority (FSA) announced on Saturday that, in the fire and natural forces insurance portfolio, in January-May 2021, there has been an increase of 41.13% of the volume of gross written premiums of this portfolio and an increase of 11.09 % of the number of insurance contracts, compared to January-May 2020.

In January-May 2021, the gross claims paid in the insurance market amounted to about ALL 3.144 million, or 7.98% less than in January-May 2020, mainly due to the payment provided for earthquake damages.  //a.i/

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