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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Vienna Insurance Group - Development of the Albanian Insurance Market

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Vienna insurance group development of the albanian insurance market

Vienna Insurance Group - Development of the Albanian Insurance Market

June 2008


Vig is the leading austrian insurance group operating in 23 countries

VIG is the Leading Austrian Insurance Group operating in 23 countries


Albanian insurance market by the end of 2007

Albanian Insurance Market by the end of 2007

000 Euro


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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