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List of Insurance Companies in Albania
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Albania, Europe - World Insurance Companies Logos. The graphic mark of a company is synonymous with its brand. In insurance, a logo is instantly recognizable and allows that the customer associates the company with useful qualities such as trust, the fair price, and many other vital issues on the task of finding the best insurance. Click the logos of the Insurance Companies for getting a bunch of updated information offering each insurer of Albania. We want to help you to find the best Insurance
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Watch the best insurance providers based on cost, coverage, customer service and claims support. Locate the Insurers you trust
Directory of Insurance Company Logos in Albania
Directory of Insurance Company Logos in Albania. By clicking the logo of Insurers you have instant access to updated information on insurance issues that can help you in the task of choosing the best insurance, and also, get phones numbers, addresses, and prices, that Insurers offers on the Internet.
Albania 
World Insurance Companies Logos
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www.world-insurance-companies.com. Click below the graphic mark to access to Albanese Insurance
A L B A N I A N 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 can not 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 rating than BBB from S&P (comparable to Fitch Ratings, MOODY’S, AM BEST)
From A L B A N I A N 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
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 can not 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 rating than BBB from S&P (comparable to Fitch Ratings, MOODY’S, AM BEST)
From A L B A N I A N 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
Albania, Europe - World Insurance Companies Logos
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