The end of last week had scheduled the signing of the agreement regarding the acquisition of the Albanian insurance company ALBSIG by the Slovenian insurance group TRIGLAV. So far, TRIGLAV held 9.9 percent of the ALBSIG shares, but "this figure will be increased to at least 50% in the next period", according to Slovenian publication FINANCE.

According to local media, from an economic point of view, the cooperation between the two countries is modest, in the first eight months of this year Slovenian exports to Albania amounting to EUR 26 million and imports - to EUR 400 million. The Slovenian delegation that traveled to Tirana was comprised of many businessmen, headed by the Prime Minister, Borut PAHOR, as he also inaugurated the Embassy of Slovenia in Tirana. Among the businessmen present, Matjaz RAKOVEC, CEO, Zavarovalnica TRIGLAV, was also included. 

TRIGLAV is, along with PZU, one of the biggest insurance groups in Central and Eastern Europe region. According to the Special Report "1H 2010 - CEE, Russia & CIS Insurance Markets" (www.xprimm.com), the total volume of gross written premiums of the Slovenian insurance group amounted, during January-June 2010, to EUR 539 million, 1.8% less compared to Quarter 1/2009.
 
TRIGLAV Group operates in seven countries: Macedonia (through the insurer VARDAR Osiguruvanje), Bosnia and Herzegovina (TRIGLAV Krajina Kapaonik and TRIGLAV BH Osiguranje), Serbia (TRIGLAV Kapaonik), Montenegro ((LOVCEN Osiguranje), Czech Republic (TRIGLAV Pojistovna), Croatia (TRIGLAV Osiguranje) and Slovenia (Zavarovalnica TRIGLAV and TRIGLAV Zdravstvena zavarovalnica).
 

Article written with the support of Dejan GJORGJIJOVSKI, Correspondent, Macedonia.