A study commissioned by Austria’s largest insurance company and one of the largest in Europe, Vienna Insurance Group (VIG), has found that young people aged 18-29 are more risk-aware than people aged 30-65. However, both age groups, for various reasons, do not act to limit the potential financial damage from risks and have very little financial knowledge.

The study was conducted by Gallup International in nine countries in 2023 (Austria, Bulgaria, Croatia, the Czech Republic, Hungary, Poland, Romania, Serbia and Slovakia), with around 9,000 participants aged 18-65 (including 2,081 aged 18-29).

The following risks were used to assess risk knowledge: …

The Albanian Insurers Association held a media briefing on Friday to address the latest insurance market developments and the challenges ahead for 2025.

Kadri Morinaj, Chairman of the Association, emphasized that this year began with a major reform: the introduction of risk-based pricing for motor insurance premiums. According to him, this measure not only enhances customer care but also strengthens market sustainability. Albanian insurance companies have welcomed this new premium calculation model, which has long been standard practice among European insurers.

Mr. Çitozi noted that the 2021 insurance law was designed primarily to protect consumers and ensure fairer premium …

The truth is, we all download apps very often and abandon some along the way. Before we're enjoying our morning coffee or stuck in traffic, chances are that we're dealing with an app. Whether it helps you find a meeting point, remember your diet or make a payment, one thing is clear: apps are a necessary part of our micro-moments. Statistics show that we spend an average of 30 hours per month dealing with different applications, because in modern times, we all want to know where, when and what! Of course some will not be used for too long, but …