AMF Discusses EU Standards Alignment with Albanian Insurance Companies

First, Adela Xhemali, Executive Director of the Albanian Financial Supervisory Authority (AMF), met with insurance company leaders in Albania.
They discussed market supervision and alignment with EU standards.
Next, Xhemali emphasized clear, predictable, and fair rules. She said these rules create conditions for transparent and professional market growth.
Moreover, the meeting highlighted that EU integration is not just a regulatory duty. It is also a real opportunity to increase market resilience and public trust.
In particular, the discussion focused on EU acquis alignment. This includes implementing Solvency II and IFRS 17 frameworks.
These reforms aim to improve consumer service, strengthen financial stability, and enhance risk management.
Furthermore, insurance company leaders stressed the importance of a strong AMF role. They called for intensified collaboration between regulators and the market.
They noted this is crucial for EU integration initiatives and market expansion.
In addition, insurers expressed readiness to offer a full range of voluntary insurance products. They said insurance benefits both citizens and businesses.
Finally, Xhemali concluded that the goal is not only a compliant market. It is a market that grows under European standards, regulated and trustworthy.
/a.c/




