Governance, Risk and Compliance – The Albanian Insurance Industry

Date: 2015-11
Pages:41
Price:

“• The Albanian insurance industry is regulated by the Financial Supervisory Authority, which aims to promote consistency, transparency and credibility.

• Non-admitted insurance is not permitted in the Albanian insurance industry, with the exceptions of marine and aviation insurance.

• Foreign direct investment up to 100% is permitted in the Albanian insurance industry.

• Composite insurance is not permitted in the Albanian insurance industry.

• Insurance in the transport and social security sectors is compulsory in Albania.”

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