SIGAL (insurance company)

SIGAL is the leading insurance company in Albania, established in February 1999, following the liberalization of Albanian's insurance market in the same year. Since 2002 SIGAL is the leader of the insurance market and from 2004 SIGAL Co. is ranked with 32% market share as the first insurance company in the Albanian insurance market by premium volume. SIGAL operates through the Head Office in Tirana with 12 branches and more than 250 agencies covering the whole territory of Albania providing all types of Life and Non-Life Insurance products. The product offered by SIGAL include: TPL Insurance, KASKO Insurance, Property Insurance, Engineering Insurance, Marine Insurance, Aviation Insurance, Liability Insurance, Travel Health Insurance, Personal Accidents Insurance, Bank Assurance, Agriculture Insurance, Credit/surety Insurance, and also includes all classes of Life Insurances Products. Since October 2003, SIGAL carries on the activity of the Non-Life insurance in Kosovo through its branch "SIGAL Kosovo" and in the beginning of 2004 it was established in Macedonia through "SIGAL Macedonia".

SIGAL Life has been established in 2004 and in the August of the same year was duly authorized by the Insurance Supervisory Authority ISA for all the classes of Life Insurance, plus two accessory classes: Life Death; Matrimony Birth; Insurance linked with Investments Funds (Unit Linked Policies); Administration of Collective Funds (Pensions); Accidents; Health Sickness