This scoping study looks at the obstacles and prospects for developing insurance and risk financing in the Western Balkan region, which includes Albania, Bosnia and Herzegovina, Kosovo*, Montenegro, North Macedonia and Serbia. The report presents an overview of the current state of the insurance market and risk financing mechanisms in these countries and territories, identifying significant hurdles and potential areas for growth that could benefit from external intervention. Additionally, the report suggests appropriate solutions for these countries and territories and pinpoints promising opportunity areas.

*All references to Kosovo shall be understood to be in the context of the Security Council Resolution 1244 (1999).