Albania Insurance
Insurance Company Logos, Profiles & Links in Albania
Albania Insurance – World Insurance Companies Logos. Logot e kompanive të sigurimit. Click on each insurance company’s logo for current information on their insurance types and coverage policies.
Insurance Company Logos in Albania
Logos of Insurance Companies in Albania. The graphic mark of a company is synonymous with its brand. A company’s logo represents its brand, especially in insurance, helping customers associate it with qualities like confidence and fair pricing.
Click on the logos and names of Albanian insurance companies to access comprehensive, up-to-date information about each insurer.
We would like to assist you in finding the best coverage.
Atlantik
Atlantik sh.a: Established in 2001, Atlantik provides various non-life insurance services, focusing on motor, property, and liability coverage for individuals and businesses.
SIGAL UNIQA Group Austria
Established in 1999, SIGAL has become a leading insurance provider in Albania. In 2007, it became part of the UNIQA Group, a major European financial entity. SIGAL offers a comprehensive range of life and non-life insurance products and operates in Albania, Kosovo, and North Macedonia
Sigma Interalbanian Vienna Insurance Group
Sigma Interalbanian Vienna Insurance Group: Another member of the Vienna Insurance Group, Sigma Interalbanian offers both life and non-life insurance solutions, serving a broad customer base across Albania.
Intersig Vienna Insurance Group
Part of the Vienna Insurance Group, Intersig provides a variety of non-life insurance products in the Albanian market, including property, motor, and casualty insurance.
Albisig
Albsig: Founded in 2004, Albsig is a locally owned insurance company offering a wide range of non-life insurance products, such as motor, property, and health insurance.
Swiss Re
Swiss Re provides global reinsurance, insurance, and risk transfer solutions, managing complex risks with expertise, capital, and innovative technology.
F i n a n c i a l S u p e r v i s o r y A u t h o r i t y
Article 4
Criteria of reinsurance companies’ selection:
a) When selecting the reinsurance companies, with which it is going to enter into reinsurance agreements, the insurers operating in the Republic of Albania shall make sure that they meet the following criteria:
– They must not be under a bankruptcy process
– The leader of reinsurance agreement cannot have a lower rating than:
– ο BBB+ from Standard& Poor’s (or similar to Fitch Ratings, MOODY’S, AM BEST);
– Reinsurers participating on unlimited layers, can not have a rating lower than BBB+ from Standard&Poor’s or comparable to Fitch Ratings, MOODY’S, AM BEST)
– In each of the layers of the reinsurance agreement, every reinsurer, that participates with 10% or more in that layer, can not have a lower rating than ο BBB- from Standard& Poor’s (or comparable to Fitch Ratings, MOODY’S, AM BEST)
– No less than 80% of the reinsurance coverage in the reinsurance agreement for each of the limited layers must consist of reinsurance companies, which have a rating not lower than ο BBB- from Standard& Poor’s (or comparable to Fitch Ratings, MOODY’S, AM BEST);
b) The Insurer is liable to make sure that every reinsurer, who is part of the reinsurance agreement with a rating lower than BBB- from Standard& Poor’s (or equivalent to Fitch Ratings, MOODY’S, AM BEST), has not contracted any liability higher than 10% of its own capital.
c) Reinsurance coverage by means of facultative reinsurance contracts has to
meet the following conditions:
– 100% of the unlimited coverage must be carried out through reinsurers, which have a classification not lower than BBB from Standard&Poor’s (or similar to Fitch Ratings, MOODY’S, AM BEST)
– The insurer is liable to make sure that every reinsurer, who participates in the facultative reinsurance contract with a lower rating than BBB- from Standard& Poor’s (or equivalent to Fitch Ratings, MOODY’S, AM BEST), has not contracted any liability higher than 10% of its own capital.
d) The insurer has the obligation to submit to the Financial Supervisory Authority all the necessary information on the financial situation
and the position of the reinsurance company, which may participate in the reinsurance agreement or contract (according to restrictions set forth in the above paragraphs a, b and c), before signing the reinsurance agreement or
the contract in cases when:
– The reinsurance company has not been rated by any of the following rating agencies – Standard & Poor’s, Fitch Ratings, MOODY’S and AM BEST.
-It has lower ratings than BBB from S&P (comparable to Fitch Ratings, MOODY’S, AM BEST)
From F I N A N C I A L S U P E R V I S O R Y A U T H O R I T Y
Insurance in Albania – World Insurance Companies Logos.
