POSITION AND DEVELOPMENT OF THE MOLDOVAN INSURANCE MARKET

Insurance, together with other market instruments, guarantees the stability of economic development and acts as a stimulator of economic growth, accumulating resources in the form of insurance premiums and transforming them into investments, thus increasing the efficiency of the entire financial system of the country. The insurance market contributes not only to the development of social reproduction, but also actively influences financial flows in the national economy through the insurance fund, constituting a significant part of the financial market in the country. In order to understand the level of development of the insurance market in the Republic of Moldova and how it can be improved, it is important to evaluate its current situation, identify challenges and prospects, which will be analysed in this article.