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The World Bank projects 70 million USD for "intelligent" and sustainable agriculture The Last from the Country In , public debt refinancing reaches 355.5 billion ALL, the month of February with the highest intensity The Last from the Country "Human capital is the main factor in business success" The Last from the Country Taxes and BMP, exchange of information for accountants and statutory auditors, control over financial statements is strengthened The regulatory limitation of brokerage commissions for compulsory motor insurance has brought about a significant reduction in their average level. According to information from the Financial Supervisory Authority (FSA), last year brokerage commissions have decreased to a market average of 17.5%, from over 27% before the entry into force of the FSA regulation in January.
At the end of , the AMF approved the regulation "On brokerage commissions", which provided that from January 1, , non-life insurance companies could not apply brokerage commissions higher than 20% of the gross written premium. Meanwhile, Japan Phone Number List starting from January 1 of this year, the ceiling commission has been reduced further, to 18% of the gross written premium. Setting ceiling levels of commissions was intended to increase the cost efficiency of non-life insurance companies. In fact, the Albanian insurance market has historically had very high levels of brokerage commissions and other underwriting expenses compared to other markets in Europe. In fact, in most cases the costs of obtaining insurance exceeded the net costs for claims paid.
Compulsory motor insurance has a very high weight in the structure of gross written premiums in Non-life insurance. For 11-month , TPL, Green Card and Border Policy domestic insurance accounted for more than 67% of the gross written premiums of this market. The reduction in the level of commissions paid for these products has therefore had a significant impact on the level of expenses of taking insurance from Non-Life insurance companies. The financial statistics published by the Financial Supervisory Authority are available until the end of the 9th month of.
At the end of , the AMF approved the regulation "On brokerage commissions", which provided that from January 1, , non-life insurance companies could not apply brokerage commissions higher than 20% of the gross written premium. Meanwhile, Japan Phone Number List starting from January 1 of this year, the ceiling commission has been reduced further, to 18% of the gross written premium. Setting ceiling levels of commissions was intended to increase the cost efficiency of non-life insurance companies. In fact, the Albanian insurance market has historically had very high levels of brokerage commissions and other underwriting expenses compared to other markets in Europe. In fact, in most cases the costs of obtaining insurance exceeded the net costs for claims paid.
Compulsory motor insurance has a very high weight in the structure of gross written premiums in Non-life insurance. For 11-month , TPL, Green Card and Border Policy domestic insurance accounted for more than 67% of the gross written premiums of this market. The reduction in the level of commissions paid for these products has therefore had a significant impact on the level of expenses of taking insurance from Non-Life insurance companies. The financial statistics published by the Financial Supervisory Authority are available until the end of the 9th month of.