The consequence of financial crises in Albanian insurance market
The consequence of financial crises in Albanian insurance market
Author(s): Edmira Cakrani, Filloreta MadaniSubject(s): Economy
Published by: Prague Development Center
Keywords: Insurance market; non-life insurance; compulsory insurance; penetration coefficient.
Summary/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.
Journal: Perspectives of Innovations, Economics and Business, PIEB
- Issue Year: 5/2010
- Issue No: 2
- Page Range: 50-52
- Page Count: 3
- Language: English