SIGAL S.A was founded on February 22, 1999, after the liberalization of the insurance market in Albania, and later rebranded as SIGAL UGAby a group of local investors, led by Mr. Avni Ponari, a well-known figure in the insurance market as well as in several businesses with a major impact on the country's economy.

Thanks to an excellent strategy, a solid business model, financial management by its leaders, and the tireless work of its employees, SIGAL S.A grew rapidly, achieving a dominant and strong position, making it the largest insurance company in the country, leading with around 30% of the insurance market.

SIGAL S.A was the first company to attract the attention and capital potential of foreign investors, initially through the Albanian-American Enterprise Fund, which acquired 13.3% of the company's shares, and later the Austrian insurance giant UNIQA Group Austria, covering all of Southeast Europe. UNIQA Group Austria.

In 2007, SIGAL S.A. and UNIQA GA signed an agreement, making UNIQA GA the largest shareholder with 86.9% of the shares, while 13.1% remains with local capital. UNIQA GA employs over 20,000 people, serves 10.1 million clients, holds assets of 33 billion euros, and generates over 7 billion euros in premiums annually.

This excellent partnership has positioned SIGAL UGA as the leading, most successful, largest, and most trusted company in both Life and Non-Life insurance, valued as such by its network of clients and partners.

SIGAL UGA has transformed into a regional insurance group, with 8 Life and Non-Life insurance companies, Reinsurance, and Pension Funds. It is the only company offering all classes of insurance with 42 products, employing around 1,500 employees and agents, and operating over 900 offices in three countries: Albania, Kosovo, and North Macedonia.

SIGAL UGA is the largest and most trusted insurance company.