Insurance companies pay fewer damages to citizens compared to the cashed premiums. The instant payment of the damage is 36 percent of the total of premiums that insurance companies benefit. Mati Pepa, deputy director of the Financial Supervisory Authority (FSA) in an interview for AS, explains the premium-damage ratio in the insurance market.

"The premium-damage ratio is seen in two aspects. There are damages that are paid in the moment they happen, and others are reserved. Last year, the premium-damage ratio was 36 percent, while the combined ratio varies from 80-98 percent. We are pleased when the ratio is 50-50, a clean ratio," says Mati Pepa, deputy director, FSA.

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ALBANIA: Insurance companies pay fewer damages to citizens compared to the cashed premiums