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
SIGAL Life Insurance Group
SIGAL Life sh.a was founded on August 30, 2004 and was authorized by the Insurance Supervisory Authority to conduct life insurance and registered with the National Insurance Commission with NUIS K51423801Q.
SIGAL Life and offers a wide range of insurance products for all classes of life. SIGAL Life leads the Albanian life insurance market, owning an average of 40% of it. Detailed information on the life insurance market can be found on the official website of the Financial Supervisory Authority through the following link: www.amf.gov.al
SIGAL Invest
SH.A.F.P SIGAL LIFE Insurance group, is a joint-stock company, with headquarters at: Rr.Ukraina e Lirë, Tirana. SH.A.F.P was registered with the National Business Center on 31/01/2006, licensed as an administration company by the decision of the Board of the Financial Supervisory Authority (AMF) with license no. 2, dated 30.03.2011.
The company's object of activity is: collecting and investing pension funds, in accordance with the provisions of the law, as well as in accordance with the principle of risk distribution (diversification), for the provision of pension benefits to persons who join the Fund. The administration company also has the function of making pension payments as well as any other object permitted by legislation and that does not contradict the legal and by-laws for voluntary pension funds.
Corporate culture
Customer first
We are resolutely focused on the needs of our customers.
Simplicity
We act and learn from mistakes.
Responsibility
We encourage each other to take responsibility.
Integrity
We keep our promises.
Community
We collaborate beyond ordinary boundaries.
Sigal Life Organigrama
(PDF)
Supervisory Board
Senior managers who motivate, inspire and drive the company forward
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.
Insurance Museum
We have built the only insurance museum in the region, where we show the history of the private insurance market in Albania and its development over the years. The museum can be visited free of charge, from Monday to Friday, by groups of 5-10 people.
Museum
25 years of success story
With 3 Non-Life Insurance companies, 3 Life Insurance companies, 1 reinsurance company and 1 Voluntary Pension Fund, SIGAL is a regional insurance group and counts over 1.2 million clients, over 100 million Euros in annual premiums and over 500 million Euros in claims paid.
2024
15 years of UNIQA, 15 unique years
The largest insurance company in Albania, SIGAL UNIQA, celebrated on March 23 the 15th anniversary of the entry of the first strategic investor in the Albanian insurance market, UNIQA.
2022
20 Years of Success Story
On the occasion of the 20th anniversary, SIGAL UNIQA conceived and realized a work, a sculpture, as a sign of thanks and gratitude to the clients, staff, partners and all fellow travelers of SIGAL UNIQA over the years. Also, Mr. Avni Ponari was honored by the President of Austria with the “GRAND DECORATION OF HONOUR”.
2019
UNIQA becomes the largest shareholder
UNIQA owns 86.9% of the shares of SIGAL UNIQA.
2016
3 new companies are created
Private pensions are offered in Albania and life insurance in Kosovo and Macedonia.
2011
Part of UNIQA
Insurance Group UNIQA purchased 46.8% of the shares of SIGAL UNIQA.
2007
Expands activity
Two new companies are opening in Albania and Macedonia, SIGAL Life Albania and SIGAL Macedonia.
2004
First foreign shareholder
SIGAL is the leader of the insurance market and owns 31% of it. The Albanian-American Enterprise Fund became the first foreign shareholder. SIGAL also expanded its activity in Kosovo through SIGAL Kosova.
2003
Starts the activity
SIGAL sh.a was established on February 22, 1999 following the liberalization of the Albanian insurance market.
1999
SIGAL IG is one of the largest insurance groups in Albania, Kosovo and North Macedonia.
SIGAL Kosovë
SIGAL Insurance Group is one of the largest insurance groups in Albania, Kosovo and North Macedonia.
SIGAL Macedonia
SIGAL Insurance Group is one of the largest insurance groups in Albania, Kosovo and North Macedonia.
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