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The Financial Supervision Authority published at the end of last year the report on the progress of the insurance market in Albania for the 11-month period, January-November 2023.
According to the report, the market remains oriented towards Non-Life insurance, which brought about 92% of the total premium volume and Life insurance 8.00%.
But which is the biggest and most trusted company in Albania?
There are 8 companies operating in the Non-Life insurance market in Albania, while 4 in the Life insurance market. And among the 12 companies, SIGAL UNIQA Group Austria continues to be the market leader, both for premiums written and for claims paid.
WHO IS SIGAL UNIQA Group Austria?
SIGAL UNIQA Group Austria is one of the largest insurance groups in Albania, Kosovo and North Macedonia.
The company leads the insurance market since 2002, occupying about 30% of it in Life, Non-Life and Private Pension Insurance.
Founded in February 1999, SIGAL UNIQA successfully operates in the three countries through its 8 companies: 3 Non-Life Insurance, 3 Life Insurance, 1 reinsurance company and 1 Private Pension Fund.
Since March 2007, it has been part of the "UNIQA Insurance Group", one of the most well-known insurance and finance names in Austria and Europe, spread over 17 different countries, counting over 16 million customers and recently evaluated by "Standard & Poor's" with "A".
Even in the division of the market, mandatory and voluntary insurances, again SIGAL UNIQA is in the first place, as the insurance company that has known how to win the trust of its customers, reports AMF in its latest publication.
MANDATORY AND VOLUNTARY INSURANCE
The portfolio of SIGAL UNIQA Group Austria is reinsured in the largest world markets as the company cooperates with big names such as: 'UNIQA Re', 'Munich Re' or 'Hannover' Re, offering a more guarantee to over 1.2 million customers her.
SIGAL UNIQA's pace of progress has led many professional publications in the insurance field to appreciate it with many awards and accolades. Most recently it was "See News", which ranked it among the Top 50 largest insurance companies in Southeast Europe.
SIGAL UNIQA Group Austria, we live better together
Web: www.sigal.com.al
E-mail: [email protected]
Whatsapp: 068 60 62 829
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