Business Profile 

SIGAL Insurance Group

SIGAL sh.a was founded on February 22, 1999, after the liberalization of the insurance market in Albania and was later renamed SIGAL IG, by a group of local investors, headed by Mr. Avni Ponari, a well-known personality in the insurance market as well as in a number of businesses with a great impact on the country's economy.

Thanks to the excellent strategy, business model, financial management by its managers and the hard work of its employees, SIGAL sh.a grew rapidly, gaining a dominant and powerful positioning, transforming it into the largest insurance company in the country and leading with about 30% of the insurance market.

SIGAL sh.a is the first company to attract the attention and capitalization potential of foreign investors, initially through the Albanian-American Enterprise Fund, which purchased 13.3% of the company's shares and then the Austrian insurance giant throughout Southeast Europe, UNIQA Group Austria.

Today, SIGAL IG is the leading, most successful, largest and most trusted insurance company in the region, recognized as such by its network of clients and partners. SIGAL IG has become a regional insurance group, with 8 Life and Non-Life insurance companies, Reinsurance and Pension Fund. SIGAL IG is the only company that offers all classes of insurance with 42 products, with around 2,000 employees and agents, and over 1,200 offices where it operates and develops its activity in 3 countries: Albania, Kosovo and North Macedonia.

SIGAL is the largest and most trusted Insurance company.

Our history

Since 1999, SIGAL has been a symbol of reliability and fairness for its clients and partners. SIGAL offers Albanian consumers modern insurance solutions based on a wide product portfolio in all classes of Non-Life, Life and Private Pension insurance.

 Contact person:

• Avni Ponari, CEO