INSURANCE SERVICE ON PROPERTIES ? INUNDATES IN SHKODRA

The industry of financial services is so hard and complex at the same time. Though for many years, in Albania, the insurance market was enriched not only by the services offered by INSIG company ? public owed, at this market many other private companies were added. Many of the insurance companies, make their gross income mainly from the obliged insurance services. The consumers behavior is dominated from the responsibilities that are born from businesses debts born from the relations to banking loans, from partnerships with foreign businesses, different European partners, transport system etc.The main reason, that we focused our study at the property insurance category is related with the inundates phenomena that is often happening recent years in Shkodra and Lezha ares. Apparently, exists always the potential risk that this area, specially during winter and fall, to be covered from water, for this reason, during this paper we are trying to study the present market, and the potential of insurance service on properties from the inundates risk. At one side of medal the inundates of a large area is a tragic situation for the inhabitants, but on the other side the insurance market targets this situation as the best opportunity for market extension. This paper makes a reflection of the situation of property insurance, the main reasons that actually influence the scheme of insurance services, also expanding new prospectives for this niche of insurance market. The main objective, of this paper, is related with the evidence of the insurance market at this area (Shkodër, Lezhë), valuating the new potential that have the insurance companies.The conclusions that we have discovered from this study, are related mainly to the potentials of insurance market and the spaces to make people and businesses act more responsibility to this phenomena not strange any more to this area.