SIGAL (insurance company)
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| Company type | Insurance company |
|---|---|
| Industry | Financial services |
| Founded | 22 February 1999 |
| Headquarters | Tirana, Albania |
Area served | Albania, Kosovo, North Macedonia |
Key people | Avni Ponari (CEO) |
| Products | Life and non-life insurance |
| Website | Official website |
SIGAL UNIQA Group AUSTRIA is a group of seven insurance companies and one private pension fund that operates in Albania, Kosovo and North Macedonia.
The following companies are part of the SIGAL Group:
- SIGAL UNIQA Group AUSTRIA (Non-Life, Albania)
- SIGAL Life UNIQA Group AUSTRIA (Life, Albania)
- SIGAL UNIQA Group AUSTRIA Kosovo (Non-Life, Kosovo)
- SIGAL Life UNIQA Group AUSTRIA Kosovo (Life, Kosovo)
- UNIQA Skopje (Non-Life, North Macedonia)
- UNIQA Life Skopje (Life, North Macedonia)
- SIGAL UNIQA Group AUSTRIA Reinsurance
- Management Company of Private Pension Fund SIGAL Life UNIQA Group AUSTRIA.[1]
Founded in 1999, SIGAL UNIQA is a major player in the Albanian insurance market, holding a significant share in various sectors.[2][3]
SIGAL UNIQA was among the first insurance companies in Albania to receive foreign investment in 2003. The Albanian-American Fund of Enterprise (AAEF) became SIGAL's first shareholder with the acquisition of 13.3% of the shares.Thanks to this agreement, AAEF provided financial and management support not only to SIGAL, but also to the entire insurance market in Albania and in the region where it operates.[4]
In 2007, the company became part of the UNIQA Group, a large European financial group operating in 21 countries. The company was awarded with an "A" by "Standard & Poor's" global rating, with 24.6billion Euro under its management and more than 7.5million clients. UNIQA Group AUSTRIA is the biggest stakeholder of SIGAL UNIQA Group AUSTRIA as it holds 68.64% of shares. Based on this, more than 80% of SIGAL UNIQA's capital derives from foreign investments.[5]
Internationally, the SIGAL UNIQA Group AUSTRIA has been continually described by Finance Central Europe as "The Best Insurance Company in Albania". SEE News listed SIGAL UNIQA among the top insurance companies in the region and Business Initiative Directions awarded SIGAL UNIQA with the "International Star for Quality",[6] a vanity award.
References[edit]
- ^ "Insurance statistics - CEE, Russia & CIS Markets - xprimm.com". xprimm.com. Retrieved 2017-07-30.
- ^ "AMF :: Autoriteti i Mbikëqyrjes Financiare". amf.gov.al. Retrieved 2017-07-30.
- ^ "SIGAL UNIQA Group AUSTRIA - Insurope - Market leading insurers in group employee benefits across the globe". insurope.com. Retrieved 2017-07-30.
- ^ "Albanian-American Enterprise Fund". aaef.com. Retrieved 2017-07-30.
- ^ "UNIQA Group - Albania". uniqagroup.com. Retrieved 2017-07-30.
- ^ "UNIQA - Vlerësime ndërkombëtare". sigal.com.al. Retrieved 2017-07-30.