Post by account_disabled on Jan 24, 2024 7:05:25 GMT
Mandatory housing insurance is expected to return once again for discussion at the government tables later this year, moving towards approval even though it has been suspended for years. "The approval of the Law on Mandatory Insurance of residential properties against earthquakes is foreseen. Taking climate change into account in the public investment management selection process ensures that project designs are more resilient against natural disasters and climate change. The approval of changes in the PPP Law is foreseen, harmonizing the PPP and the public procurement framework.
In terms of households, this pillar supports their earthquake Job Function Email Database insurance and helps the disabled and the most vulnerable to benefit from increased effectiveness of disability assistance," says a recent World Bank document, addressed to the Albanian government. The same report cites the International Monetary Fund in the latest summary for Albania in 2022 which states that Albania experiences an average of 0.8 natural disasters per year, and the average and median costs of 0.6 percent of GDP and 1.3 percent of GDP respectively. to happen (accident). Compulsory insurance draft Albania remains a country with significant seismic activity, often making insurance against these events part of the table. But after the devastating earthquake of November 26, 2019, where damages for Albania were estimated at around 1 billion euros, the government hastened to declare that there would be legal intervention.
As part of the discussion at that time, there was also the mandatory housing insurance for which the World Bank had been lobbying for years but which had never been finalized. In December 2019, not even a month after the earthquake, the first draft of mandatory housing insurance began to circulate, which provided for the creation of a dedicated agency. Likewise, the draft provided premiums in two levels. Insurance premium 25 Euros, for risks insured for concrete constructions and 15 Euros, for risks insured from constructions with other masonry. The same document did not foresee any other disaster thus excluding floods which are another eventuality that happens not infrequently in the country in different regions. But since that moment it seems that the process has not progressed.
In terms of households, this pillar supports their earthquake Job Function Email Database insurance and helps the disabled and the most vulnerable to benefit from increased effectiveness of disability assistance," says a recent World Bank document, addressed to the Albanian government. The same report cites the International Monetary Fund in the latest summary for Albania in 2022 which states that Albania experiences an average of 0.8 natural disasters per year, and the average and median costs of 0.6 percent of GDP and 1.3 percent of GDP respectively. to happen (accident). Compulsory insurance draft Albania remains a country with significant seismic activity, often making insurance against these events part of the table. But after the devastating earthquake of November 26, 2019, where damages for Albania were estimated at around 1 billion euros, the government hastened to declare that there would be legal intervention.
As part of the discussion at that time, there was also the mandatory housing insurance for which the World Bank had been lobbying for years but which had never been finalized. In December 2019, not even a month after the earthquake, the first draft of mandatory housing insurance began to circulate, which provided for the creation of a dedicated agency. Likewise, the draft provided premiums in two levels. Insurance premium 25 Euros, for risks insured for concrete constructions and 15 Euros, for risks insured from constructions with other masonry. The same document did not foresee any other disaster thus excluding floods which are another eventuality that happens not infrequently in the country in different regions. But since that moment it seems that the process has not progressed.