INSURANCE AND REINSURANCE RISK MANAGEMENT IN ALBANIA
Risk management in insurance and reinsurance companies is a very important element, which enables the organization to meet its obligations to customers and to survive in the market place. In order to be managed properly, the risk must be first identified correctly. The damage must be assessed car...
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| Format: | Article |
| Language: | English |
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Research Publishing SRL
2016-05-01
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| Series: | Junior Scientific Researcher |
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| Online Access: | http://www.jsrpublishing.com/userfiles/files/archive_pages/10/INSURANCE_AND_REINSURANCE_RISK_MANAGEMENT.pdf |
| Summary: | Risk management in insurance and reinsurance companies is a very important element,
which enables the organization to meet its obligations to customers and to survive in the market
place. In order to be managed properly, the risk must be first identified correctly. The damage must
be assessed carefully and using efficient methods, for the evaluation to be more realistic.
This paper is the result of the use of several methods. Besides the theoretical and narration
aspects, the paper also relies on the comparative method, as it addresses the practices followed by
the Member States as well as Albania, a country that has recently adopted a new law, aiming to
align its legislation with the acquis communautaire.
The study shows that the Albanian legislation provides the necessary guarantees to ensure
that companies will manage risk in the best way possible and will create all the necessary structures
for this purpose. In this regard, we can say that the alignment with the acquis communautaire has
been successfully accomplished. |
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| ISSN: | 2458-0341 2458-0341 |