The Board of the Albania Financial Services Authority approved the authority’s 2024 annual report and its audited 2024 financial statements, alongside a set of supervisory decisions affecting the insurance and capital market sectors. The package included approval of technical provisions for insurers operating in life and non-life classes and approval of the risk premium for compulsory motor insurance. The Board also approved an amendment to the statute of Albsig, the reappointment of the administrator of Eurosig, appointments to the supervisory board and management of GrECo Albania Insurance & Reinsurance Broker and to the supervisory board of Star broker, and the reappointment of the chair and members of the supervisory board of Bursa Shqiptare e Titujve ALSE.
Albania Financial Services Authority 2025-03-26
Albania Financial Services Authority approves 2024 annual report and audited accounts and approves insurance technical provisions and compulsory motor risk premium
The Board of the Albania Financial Services Authority approved the 2024 annual report, audited financial statements, and supervisory decisions impacting the insurance and capital market sectors. Key approvals included technical provisions for insurers, risk premium for compulsory motor insurance, and various appointments and reappointments in industry entities.