Publication:
Financial Sector Assessment Program Update - Albania : Insurance Core Principles

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dc.contributor.authorWorld Bank
dc.contributor.authorInternational Monetary Fund
dc.date.accessioned2014-08-14T15:23:08Z
dc.date.available2014-08-14T15:23:08Z
dc.date.issued2014-02
dc.description.abstractThis assessment of Albania's compliance with the International Association of Insurance Supervisors (IAIS) Insurance Core Principles (ICP) was carried out as part of the 2013 Financial Sector Assessment Program (FSAP). Although this is the second FSAP for Albania, this is the first external assessment of Albania's compliance with the ICPs. The Albanian Financial Supervisory Authority (AFSA) has all the responsibility for insurance regulation and supervision in Albania. This assessment is based upon information made available to the assessor in preparation for and during the November 2013 FSAP mission. The AFSA contributed its self-assessment and a detailed update thereof at the individual criterion level. Further sectoral information (including responses to a questionnaire sent out in advance) was provided before and during the mission. Comprehensive documentation, including all relevant laws, by-laws and regulations were: (i) available on the AFSA's web-site; or (ii) provided to the assessor by the AFSA's management.en
dc.identifierhttp://documents.worldbank.org/curated/en/2014/02/19768307/albania-insurance-core-principles-detailed-assessment-observance
dc.identifier.doi10.1596/19297
dc.identifier.urihttps://hdl.handle.net/10986/19297
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCOUNTANT
dc.subjectACCOUNTING
dc.subjectACCOUNTING STANDARDS
dc.subjectACTUARIAL REPORTS
dc.subjectACTUARIES
dc.subjectAGENTS
dc.subjectALLOCATION
dc.subjectANNUAL FINANCIAL STATEMENTS
dc.subjectAPPLICATIONS
dc.subjectASSETS
dc.subjectASSURANCE
dc.subjectAUDIT COMMITTEE
dc.subjectAUDITORS
dc.subjectBALANCE SHEETS
dc.subjectBROKERAGE
dc.subjectBROKERS
dc.subjectCAPITAL ADEQUACY
dc.subjectCAPITAL INVESTMENT
dc.subjectCAPITAL REQUIREMENT
dc.subjectCAPITAL REQUIREMENTS
dc.subjectCATASTROPHE INSURANCE
dc.subjectCATASTROPHE REINSURANCE
dc.subjectCEDANTS
dc.subjectCHECKS
dc.subjectCIVIL CODE
dc.subjectCLIMATE
dc.subjectCLIMATE CHANGE
dc.subjectCOINSURANCE
dc.subjectCOLLATERAL
dc.subjectCOMMERCIAL BANKS
dc.subjectCOMMERCIAL REGISTRY
dc.subjectCOMMISSIONS
dc.subjectCOMPENSATION
dc.subjectCOMPENSATION FUND
dc.subjectCOMPULSORY INSURANCE
dc.subjectCONFIDENTIALITY
dc.subjectCONFLICT OF INTEREST
dc.subjectCONSUMER PROTECTION
dc.subjectCONSUMERS
dc.subjectCORPORATE GOVERNANCE
dc.subjectCREDIBILITY
dc.subjectCREDIT LIFE INSURANCE
dc.subjectCREDIT QUALITY
dc.subjectCREDIT RATINGS
dc.subjectCREDITORS
dc.subjectCURRENCY
dc.subjectDAMAGES
dc.subjectDEPOSIT
dc.subjectDISASTERS
dc.subjectDISCLOSURE OF INFORMATION
dc.subjectDISCLOSURE REQUIREMENTS
dc.subjectDISCOUNT RATES
dc.subjectDISPOSABLE INCOMES
dc.subjectDURATION MATCHING
dc.subjectEARTHQUAKE INSURANCE
dc.subjectECONOMIC ACTIVITY
dc.subjectECONOMIC CONDITIONS
dc.subjectECONOMIC GROWTH
dc.subjectEXPENSE RATIO
dc.subjectEXPENSE RATIOS
dc.subjectFEE INCOME
dc.subjectFINANCIAL INFORMATION
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL REPORTING
dc.subjectFINANCIAL RESOURCES
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL SERVICES
dc.subjectFINANCIAL STABILITY
dc.subjectFINANCIAL STATEMENT
dc.subjectFINANCIAL SUPERVISION
dc.subjectFOREIGN COMPANIES
dc.subjectFOREIGN INSURERS
dc.subjectFOREIGN INVESTORS
dc.subjectFRAUD
dc.subjectFUNDING OF RESERVES
dc.subjectGOVERNMENT BUDGET
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectGUARANTEE FUND
dc.subjectHOLDINGS
dc.subjectHUMAN RESOURCES
dc.subjectHUMAN RIGHTS
dc.subjectINFORMATION DISCLOSURE
dc.subjectINFORMATION SYSTEMS
dc.subjectINSPECTIONS
dc.subjectINSTITUTIONAL CAPACITY
dc.subjectINSURANCE
dc.subjectINSURANCE ACTIVITIES
dc.subjectINSURANCE ACTIVITY
dc.subjectINSURANCE CLAIMS
dc.subjectINSURANCE COMPANIES
dc.subjectINSURANCE COMPANY
dc.subjectINSURANCE CONTRACTS
dc.subjectINSURANCE COVERAGE
dc.subjectINSURANCE EXPERTS
dc.subjectINSURANCE FRAUD
dc.subjectINSURANCE INDUSTRY
dc.subjectINSURANCE LAW
dc.subjectINSURANCE MARKET
dc.subjectINSURANCE MARKETS
dc.subjectINSURANCE PENETRATION
dc.subjectINSURANCE PORTFOLIO
dc.subjectINSURANCE PREMIUM
dc.subjectINSURANCE PREMIUMS
dc.subjectINSURANCE PRODUCTS
dc.subjectINSURANCE REGULATION
dc.subjectINSURANCE REGULATIONS
dc.subjectINSURANCE REGULATOR
dc.subjectINSURANCE RESERVES
dc.subjectINSURANCE SECTOR
dc.subjectINSURANCE SUPERVISION
dc.subjectINSURANCE SUPERVISORS
dc.subjectINSURER
dc.subjectINSURERS
dc.subjectINTEGRITY
dc.subjectINTERNAL AUDIT
dc.subjectINTERNAL CONTROLS
dc.subjectINTERNATIONAL BANK
dc.subjectINTERNATIONAL INSURANCE
dc.subjectINTERNATIONAL INSURANCE GROUPS
dc.subjectINTERNATIONAL STANDARDS
dc.subjectINVESTMENT GUIDELINES
dc.subjectINVESTMENT REGULATIONS
dc.subjectINVESTMENT RISK
dc.subjectLAWS
dc.subjectLEGAL AUTHORITY
dc.subjectLEGAL FRAMEWORK
dc.subjectLEGAL PROTECTION
dc.subjectLEGAL PROVISIONS
dc.subjectLEVEL PLAYING FIELD
dc.subjectLIABILITY
dc.subjectLIABILITY INSURANCE
dc.subjectLIFE INSURANCE
dc.subjectLIFE INSURANCE COMPANY
dc.subjectLIFE INSURANCE PREMIUM
dc.subjectLIFE INSURANCE PREMIUMS
dc.subjectLIFE INSURANCE PRODUCTS
dc.subjectLIFE INSURERS
dc.subjectLIQUID ASSETS
dc.subjectLIQUIDITY
dc.subjectLIQUIDITY MANAGEMENT
dc.subjectLIQUIDITY RATIO
dc.subjectLOAN
dc.subjectLOAN BALANCE
dc.subjectLOCAL BANKS
dc.subjectLOCAL INSURANCE MARKET
dc.subjectMARKET ASSETS
dc.subjectMARKET DATA
dc.subjectMARKET PARTICIPANTS
dc.subjectMARKET PENETRATION
dc.subjectMARKET PLAYERS
dc.subjectMARKET SHARES
dc.subjectMARKET STRUCTURE
dc.subjectMARKET SUPERVISION
dc.subjectMINIMUM CAPITAL REQUIREMENTS
dc.subjectMITIGATION MEASURES
dc.subjectMONEY LAUNDERING
dc.subjectNATURAL DISASTERS
dc.subjectNON LIFE INSURANCE
dc.subjectNON-LIFE INSURANCE
dc.subjectNONPERFORMING LOANS
dc.subjectNPL
dc.subjectOPERATIONAL INDEPENDENCE
dc.subjectPENETRATION RATE
dc.subjectPOLICYHOLDERS
dc.subjectPORTFOLIO
dc.subjectPORTFOLIOS
dc.subjectPRICE COMPETITION
dc.subjectPRICE WAR
dc.subjectPRIVATE INSURANCE
dc.subjectPRIVATE SECTOR DEVELOPMENT
dc.subjectRATE OF RETURN
dc.subjectRATE OF RETURN ON CAPITAL
dc.subjectRATES
dc.subjectREGULATORS
dc.subjectREGULATORY CONSTRAINTS
dc.subjectREGULATORY FRAMEWORK
dc.subjectREGULATORY PRACTICES
dc.subjectREGULATORY REQUIREMENT
dc.subjectREGULATORY REQUIREMENTS
dc.subjectREINSURANCE
dc.subjectREINSURANCE ARRANGEMENTS
dc.subjectREINSURANCE COMPANIES
dc.subjectREINSURANCE PREMIUMS
dc.subjectREINSURANCE REQUIREMENTS
dc.subjectREINSURERS
dc.subjectRESERVE
dc.subjectRISK EXPOSURE
dc.subjectRISK EXPOSURES
dc.subjectRISK INSURANCE
dc.subjectRISK MANAGEMENT
dc.subjectRISK MANAGEMENT POLICIES
dc.subjectRISK MEASUREMENT
dc.subjectRISK MITIGATION
dc.subjectRISK PROFILE
dc.subjectRISK TRANSFER
dc.subjectSAVINGS
dc.subjectSETTLEMENT
dc.subjectSHAREHOLDER
dc.subjectSHAREHOLDERS
dc.subjectSOLVENCY
dc.subjectSOLVENCY REQUIREMENTS
dc.subjectSTOCK EXCHANGE
dc.subjectSUPERVISORY AUTHORITIES
dc.subjectSUPERVISORY AUTHORITY
dc.subjectSUPERVISORY BOARD
dc.subjectSUPERVISORY POWERS
dc.subjectSUPERVISORY REGIME
dc.subjectTECHNICAL ASSISTANCE
dc.subjectTERRORISM
dc.subjectTIMELY PAYMENT
dc.subjectTRANSACTION
dc.subjectTRANSPARENCY
dc.subjectTURNOVER
dc.subjectUNDERWRITING
dc.subjectVALUATION
dc.titleFinancial Sector Assessment Program Update - Albania : Insurance Core Principlesen
dspace.entity.typePublication
okr.crosscuttingsolutionareaClimate Change
okr.date.disclosure2014-07-08
okr.date.doiregistration2025-05-07T10:45:04.200459Z
okr.doctypeEconomic & Sector Work::Financial Sector Assessment Program (FSAP)
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/2014/02/19768307/albania-insurance-core-principles-detailed-assessment-observance
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeFinance and Markets
okr.globalpracticeGovernance
okr.globalpracticeTrade and Competitiveness
okr.guid767201468203965616
okr.identifier.externaldocumentum000333037_20140708141803
okr.identifier.internaldocumentum19768307
okr.identifier.report89246
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2014/07/08/000333037_20140708141803/Rendered/PDF/892460FSAP0P1400Box385275B00Public0.pdfen
okr.region.administrativeEurope and Central Asia
okr.region.countryAlbania
okr.sectorFinance :: General finance sector
okr.themeInternational financial standards and systems
okr.themeFinancial and private sector development
okr.topicInsurance and Risk Mitigation
okr.topicMacroeconomics and Economic Growth::Climate Change Economics
okr.topicPrivate Sector Development::Emerging Markets
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicLaw and Development::Insurance Law
okr.unitKnowledge & Information Services (ITSKI)
okr.volume1 of 1
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