"Risk", is a term used to express the probability of damage, risk constantly persons, companies, and all of as. For many persons risk concept intend different forms of insecurity in different situation. Risk management is the process of loss identifying, with which company confronts and chooses the techniques to handle those exposure. Risk management is an extended concept and one of the techniques which handle a happening which causes losses are insurance which transfer economic result of risk.  In this paper we explain how insurance are instruments for risk protecting and also we are showing characteristics of insurance market in Albania.
In Albania insurance market has his historical, beginning and continuity. Insurance market in Albania is function on a framework juridical base which regulates rights and obligations between insured and insurance company.
The Albanian market of insurance is a diversified market, different companies of non-life and life sector, with domestic and foreign capital, which operate in Albania and outside of the country. You can notice a rise in interest of the foreign capital for investing in Albania's insurance market.
Like the other new markets in our country, insurance market trends by priority and many problems, such: insufficient culture for insurer, low level of income,  not very developed, 10 euros /capita, compared with developed countries ( 600 $/capita), is dominated by compulsory insurance, strong competition, etc
Despite the problems that have this new market, opportunities exist for growth, development and perfection of him as a market with its features.

Key words: risk, risk management, insurance etc.