SiCRED sh.a. was founded on October 7, 2003, being the first and the only private insurance company in Albania, with 100% local capital and accredited to operate in the Life Insurance field.
In a financial environment that was experiencing rapid changes, the vision of SiCRED founders was the establishment of an insurance company, which would change the perception of the Albanians on the insurance products, with the mission to operate in conformity with the highest standards of ethics, as the only acceptable way to make a good name.
Under the slogan “In safe hands” SiCRED’s name conveys credibility, along with our promise to always keep in mind what is best for our customers.
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).
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