vienna insurance group development of the albanian insurance market
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Vienna Insurance Group - Development of the Albanian Insurance Market. June 2008. VIG is the Leading Austrian Insurance Group operating in 23 countries . Albanian Insurance Market by the end of 2007. 000 Euro. AUT.  EU-15. CZ. H. SK. PL. BG. RO. UKR.  CEE. AL. TR.

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Presentation Transcript
overview of insurance density

AUT

 EU-15

CZ

H

SK

PL

BG

RO

UKR

 CEE

AL

TR

Overview of Insurance Density

Ongoing considerable and long-term growth potential in the CEE markets

challenges of the albanian insurance market
Challenges of the Albanian Insurance Market
  • Products
      • Development of new products, increased scope
  • Supervisory influence on market
      • Motor TPL reform
      • Mandatory TPL insurance (non motor)
      • Catastrophe pool
      • Strengthen the supervisory authority
  • Market “culture”
      • Improve understanding and perception of insurance business
      • Improve cost awareness
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