SiCRED
Growth
Amounts are always in euros: this changes how growth is measured, nothing else.
How growth is measured →Latest resultsJan–Sep 2026, year to date: €3.0m of premium, +15.2% on Jan–Sep 2025 (market +2.0%); share 1.4% (+0.2 pp), #11 of 13. More
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SiCRED's line mix, and where it stands among the 13 insurers in Albania on each measure, FY 2025.
Each bar runs from the weakest to the strongest of the insurers in Albania with that figure in FY 2025; the dot is this insurer, the tick in the middle the median. Combined ratios as shown across the site: after reinsurance where published, else gross. The rose: each petal's area is the line's share of written premium; the dashed ring is a quarter.
Latest quarter
Premium and market share
Market share against the nearest rivals
By year
| Insurer | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Albsig Jetë | 0.9% | 1.4% | 1.5% | 2.0% | 3.5% |
| Sigal Life | 3.9% | 3.7% | 3.6% | 3.3% | 2.7% |
| SiCRED | 1.5% | 1.5% | 1.3% | 1.4% | 1.4% |
| Insig Jetë | 1.1% | 1.4% | 1.8% | 1.7% | 1.3% |
| Vienna Life | — | — | — | — | 0.0% |
Lines and claims
Written premium by line with ratios after reinsurance for the year selected (gross, marked, where the insurer gives no net figures for a line); the market figure on the same basis sits under each ratio.
All figures
Claims and costs over time
Solvency
Capital cover over time
DetailsCapital in detailOwn funds against the capital requirement, and the risks it covers
Capital at year end
What the capital requirement covers
Capital cover
Profitability
Net profit by year
All figures
Profit and equity by year
SiCRED beside the other insurers of Albania: operating ratio, sources of profit and leverage →
Ownership and events
Company details
- Website
- sicred.com.al
- Employees
- 41 (2025; 50 in 2022, 52 in 2023, 46 in 2024)
- Premium per employee
- €94k (FY 2025; median for life insurers in Albania: €380k; all insurers)
Website from the company's own reports or the supervisor's register, checked 20 Oct 2026. Employees: employees as each insurer gives them in its audited financial statements or annual report: the year's average (Sigal, Albsig), the count at 31 December (SiCRED, Sigal Life, Insig) or an undated count in the annual report (Eurosig, Sigma, Intersig); the supervisor publishes none per insurer.
Questions about SiCRED
Short answers from the figures on this page.
What is SiCRED's market share in Albania?
SiCRED wrote €3.85m of premium in FY 2025, 1.4% of all premium in Albania, ranking #11 of 13 insurers; its premium grew 12.5% on FY 2024 in ALL.
Who owns SiCRED?
Polisa records no group for SiCRED in FY 2025.
What does SiCRED sell?
SiCRED is a life insurer; all its premium in FY 2025 is life insurance.
Is SiCRED well capitalised?
SiCRED's solvency margin was 126% at 31 December 2025: it covered its required solvency margin 1.3 times, against a median of 186% for the insurers in Albania (local rules, not Solvency II).
Is SiCRED profitable?
SiCRED made a net profit of €0.07m in FY 2025, a return on equity of 1.4%.
Is SiCRED growing?
SiCRED's premium grew 12.5% in ALL in FY 2025, faster than the market in Albania (+10.6%).
Sources for this page
Premium, lines and claims: AMF (Financial Supervisory Authority of Albania), insurance market statistics. Solvency margin: AMF and the insurer's annual report. How these numbers are built.
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CiteCite this pageThe reference in APA style and as BibTeX, each with a copy button, and the terms of reuse
Polisa compiles the figures; the original sources are named on this page and on the method page.
Polisa. (2026). SiCRED (Albania): premium, market share, lines, solvency and claims [Data version 2026-11-11.13378f]. Retrieved November 11, 2026, from https://polisapro.com/insurers/al-sicred
BibTeXShow entry
@misc{polisa_insurers_al_sicred_2026,
author = {{Polisa}},
title = {SiCRED (Albania): premium, market share, lines, solvency and claims},
year = {2026},
version = {2026-11-11.13378f},
howpublished = {\url{https://polisapro.com/insurers/al-sicred}},
note = {Accessed 11 November 2026}
}Reuse: Polisa's compilation CC BY 4.0 · source data: AMF (no re-use terms published), Bank of Albania (all rights reserved, exchange rates only).