Legal Framework

SiCRED sh.a. was established as a legal person by decision of the District Court of Tirana No. 30417, dated 22.10.2003. SiCRED sh.a. operates in accordance with law No. 52, dated 22.05.2014 “On the activity of insurance and reinsurance”.

Insurance Classes

Based on License to Exercise Insurance Activity No.8/2004, dated 22.06.2012, issued by Albanian Financial Supervisory Authority, SiCRED sh.a. is authorized to offer insurance on the classes:

• Class 19: “Life – Death Insurance”
Supplementary insurance:
• Class 1: “Accident Insurance (including industrial injuries and occupational diseases)”
• Class 2: “Illness Insurance”