Regulatory Alerts2020-01-30
Regulation on Corporate Governance of Insurers
The Central Bank of the Republic of Kosovo issued this regulation to strengthen corporate governance by establishing minimum operational and structural requirements for all licensed insurers. It mandates that boards of directors maintain clear accountability, establish dedicated audit and risk management committees, and ensure all directors and senior managers meet strict "fit and proper" qualifications. Furthermore, the framework requires insurers to implement risk-aligned compensation policies, transparently manage conflicts of interest, and maintain continuous Central Bank oversight.
Share