Insurance and reinsurance risk management in Albania

Jahollari Heralda

MPRA Paper from University Library of Munich, Germany

Abstract: 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.

Keywords: risk; risk management; insurance; reinsurance; analysis; law; alignment (search for similar items in EconPapers)
JEL-codes: K20 (search for similar items in EconPapers)
Date: 2016-02
New Economics Papers: this item is included in nep-ias, nep-rmg and nep-tra
References: View complete reference list from CitEc
Citations:

Published in Junior Scientific Researcher 1.2(2016): pp. 36-45

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/73145/1/MPRA_paper_73145.pdf original version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:73145

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().