| SIGAL UNIQA GROUP AUSTRIA | |
| Type: | Insurance company |
| Foundation: | 22 February 1999 |
| Location: | Tirana, Albania |
| Area Served: | Albania, Kosovo, North Macedonia |
| Key People: | Avni Ponari (CEO) |
| Industry: | Financial services |
| Products: | Life and non-life insurance |
| Homepage: | 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:
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. 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 24.6billion 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.