The challenges and the insurance industry analysis. The case of Albania

Like any other industry, the service industries need to be analyzed in the light of changes and reforms improving them. Based on the nature of the product, the analysis, that accompanies the development and reforms in these industries, is very important. In the world, we live in every moment we are endangered by a high uncertainty. Our life, our house, our wealth and everything we dispose, is threatened by loss, theft, damage or destruction. To avoid the high intensity of natural risk, there are created the insurance companies. These companies cover the inability of insurers to take all the risk on themselves. The importance of security is higher in industrialized countries due to the high intensity of natural risk and the greatest concentration of population and great values in these countries. But, what happens with the insurance market in the country as Albania which has just passed a long period of transition