Repayment of damages, 417 mln euros unpaid during 2017

Repayment of damages, 417 mln euros unpaid during 2017

The insurance market in Albania continues to be problematic. 

Chairman of the Albanian Financial Supervisory Authority, Ervin Koçi, during reporting to the Economy Committee, said that there 417 million lek remains unpaid for 2017, and an inspection of the procedures followed by insurance companies has been initiated for this.

Meanwhile, the Speaker of the Economy Committee, Evis Kushi, demanded, on behalf of the Assembly, more engagement in monitoring the insurance market.

"Complete the inspections within 2018," said Evis Kushi.

Even during 2017, the insurance market in the country has been oriented to non-life insurance and the largest volume has been kept by the compulsory insurance.

EMISIONET