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The Consequence Of Financial Crises In Albanian Insurance Market

Author

Listed:
  • FILLORETA MADANI

    (Department of Finance, Economics Faculty, University of Vlore, Albania)

  • EDMIRA CAKRANI

    (Department of Finance, Economics Faculty, University of Vlore, Albania)

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.

Suggested Citation

  • Filloreta Madani & Edmira Cakrani, 2010. "The Consequence Of Financial Crises In Albanian Insurance Market," Perspectives of Innovation in Economics and Business (PIEB), Prague Development Center, vol. 5(2), pages 50-52, June.
    • Handle: RePEc:pdc:jrpieb:v:5:y:2010:i:2:p:50-52
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    More about this item

    Keywords

    Insurance market; non-life insurance; compulsory insurance; penetration coefficient.;
    All these keywords.

    JEL classification:

    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

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