Perspectives of Innovations, Economics and Business

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Volume 5
Issue 2
Online publication date 2010-06-08
Title The consequence of financial crises in Albanian insurance market
Author Filloreta Madani, Edmira Cakrani
Abstract The Albanian insurance market is not influenced considerably from current financial crisis. Early yet phase of development with the very low penetration level explains steadiness of insurance market to exposure influence of global financial crisis. Another factor contributed to stability of insurance market is focusing insurance businesses more on the compulsory insurance segment which is not fully liberalized. Conservative investment policies of Albanian insurers also contributed to avoiding influence of market risks induced by world financial crisis.
Keywords Insurance market, non-life insurance, compulsory insurance, penetration coefficient.
Pages 50-52
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