Researcher at Faculty of Economics Reports Research in Economic Development (The Life Insurance Market in Albania and the Factors that Affect its Development): Economics – Economic Development

2023 JAN 11 (NewsRx) -- By a News Reporter-Staff News Editor at Insurance Daily News -- Researchers detail new data in economic development. According to news reporting from the Faculty of Economics by NewsRx journalists, research stated, “Life insurance companies play a very important role in the financial sector.”

Our news reporters obtained a quote from the research from Faculty of Economics: “Life insurance provides individuals and the economy as a whole, a lot of important financial services. This is one of the main reasons for addressing this topic. In this paper is presented an overview of the progress of the development of the life insurance market among years and recently its trend and current position is shown. There are insurance companies that offer life insurance service in our country, their products are presented to detailed. There are several factors from different fields that directly or indirectly affect promoting the development of the life insurance market. They are presented explained and shown and their progress in parallel with the life insurance market.”

According to the news editors, the research concluded: “The special feature of this paper is an econometric study, which explains the relationship that exists between the credit factor mortgage and life insurance. The role of AMF, (Financial Supervision Agency), is mentioned as quite important in the development of the insurance market. The measures taken and targeted remain an objective quite important, on which the performance of the life insurance market depends.”

For more information on this research see: The Life Insurance Market in Albania and the Factors that Affect its Development. International Journal of Innovation and Economic Development, 2022,8(3). The publisher for International Journal of Innovation and Economic Development is Inovatus Usluge d.o.o.

A free version of this journal article is available at https://doi.org/10.18775/ijied.1849-7551-7020.2015.83.2004.

Our news journalists report that more information may be obtained by contacting Jonida Bicoku, University of Elbasan ”Aleksander Xhuvani”, Faculty of Economics, Head of Economics Department, Albania. Additional authors for this research include Fatmir Memaj.

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