Employment, establishment of insurance quotas

The supervisory authorities (IRA) have recently introduced a directive requiring insurers to employ a maximum of two foreigners per company while brokers and loss adjusters cannot employ more than one foreigner. This initiative is designed to encourage the hiring of local professionals and their training in specialized institutions.
The opponents of this law believe that the local market is not able to provide enough skilled staff. However, the directive provides for the possibility of applying for derogations, which is likely to alleviate concerns.

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