SIGAL (insurance company)
| 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 | sigal |
SIGAL Insurance Group (or SIGAL IG) (Formerly SIGAL UNIQA Group AUSTRIA) is a group of seven insurance companies and one private pension fund that operates in Albania, Kosovo and North Macedonia.
On June 23rd, 2025 Uniqa Group Austria announced that they will cease operations in albania and all the shares are claimed back by its legitimate owner Avni Ponari
The following companies are part of the SIGAL Group:
- SIGAL Insurance Group (Non-Life, Albania)
- SIGAL Life Insurance (Life, Albania)
- SIGAL Kosovo (Non-Life, Kosovo)
- SIGAL Life Kosovo (Life, Kosovo)
- UNIQA Skopje (Non-Life, North Macedonia)
- UNIQA Life Skopje (Life, North Macedonia)
- SIGAL Reinsurance
- Management Company of Private Pension Fund SIGAL Life UNIQA Group AUSTRIA.[1]
History
Founded in 1999, SIGAL UNIQA is a prominent company 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. This agreement provided support to SIGAL as well as to the wider insurance market in Albania and in the region where SIGAL 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 €24.6 billion Euro under its management and more than 7.5million clients. UNIQA Group AUSTRIA is the biggest stakeholder of SIGAL. UNIQA Group AUSTRIA holds 68.64% of shares in SIGAL. 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". Additionally, Business Initiative Directions awarded SIGAL UNIQA with the "International Star for Quality",[6] a vanity award.
References
- ^ "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.
External links
- Official website (in Albanian and English)