The consequence of financial crises in Albanian insurance market

• Authors: Filloreta Madani , Edmira Cakrani
• Languages of publication: EN

Abstracts

EN

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

EN

Insurance market, non-life insurance, compulsory insurance, penetration coefficient.

• Publisher: Prague Development Center, Czech Republic
• Journal: Perspectives of Innovations, Economics and Business
• Year: 2010
• Volume: 5
• Issue: 2
• Pages: 50-52

Dates

published

2010-06-08

Contributors

author

Filloreta Madani

• Department of Finance, Economics Faculty, University of Vlore, Albania

author

Edmira Cakrani

Identifiers

DOI

http://dx.doi.org/10.15208/pieb.2010.47