From steady premium growth and regulatory reform to rising natural catastrophe risk and a proposed earthquake and flood insurance fund, Naim Isufi examines how Albania’s insurance sector is evolving as it moves closer to European standards.

Prior to the early 1990s, insurance activity in Albania was extremely limited and operated under a state monopoly. The prohibition of private car ownership significantly restricted the development of non-life insurance products, particularly motor insurance.

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Naim Isufi recently attended the 45th Anniversary Celebration of the Centre for Commercial Law Studies (CCLS) at Queen Mary University of London.

The event brought together distinguished speakers, academics, students, alumni, and friends of CCLS for a day of insightful talks, engaging presentations, and panel discussions, followed by a networking reception. The celebration marked forty-five years of academic excellence, innovation, and global impact in commercial law education and research.

Naim’s participation reflects his continued engagement with the international academic and professional community in the field of commercial law and his long-standing connection to Queen Mary University of London.

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This chapter, prepared by ISUFI INTERNATIONAL & Associates for The International Comparative Legal Guide to: Insurance & Reinsurance 2016, provides a practical overview of the Albanian insurance and reinsurance framework.

It examines regulatory requirements, licensing procedures, compulsory insurance, claims handling, and dispute resolution, offering readers a clear cross-border perspective on the country’s legal environment.

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