Soon, Albanian citizens will be legally obliged to insure their homes against earthquakes. The Minister of Finance, Ervin Mete, emphasized at the conference on developments in the insurance sector, that Albania is a country at risk from natural disasters, but meanwhile there is a very low awareness of property insurance, which is at the level of 3%.
According to him, the government will take over the “reins” by applying the mandatory scheme, which will determine a basic, affordable premium for citizens.
At the conference organized by the Financial Supervisory Authority on the opportunities and challenges in South-East Europe, representatives of the crisis management and natural disaster risk management authorities at the World Bank as well as from the Turkish authorities gave examples of which are the best schemes that can work. , sticking to the idea of ??a state scheme but which also includes cooperation with private companies in the insurance sector
