THE CONSEQUENCE OF FINANCIAL CRISES IN ALBANIAN INSURANCE MARKET

Filloreta Madani and Edmira Cakrani

Perspectives of Innovations, Economics and Business (PIEB), 2010, vol. 05, issue 2, 3

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: Financial; Economics (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:ags:jrpieb:92367

DOI: 10.22004/ag.econ.92367

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