SiCRED sh.a. was authorized by the Insurance Supervisory Commission (now the Albanian Financial Supervisory Authority) to operate as life insurance company. The Company operates in full accordance with the legal obligations and regulatory framework, based on the Authorization to operate as an insurance company No. 8, dated 19.07.2004, and also on the Permission to Exercise the Activity in Insurance, No. Nr.8/1, dated 10.09.2004 (substituted with the License No.8/2004, dated 22.06.2012).

The first insurance policy is sold by SiCRED sh.a. on 21.09.2004.