THE INSURANCE MARKET: HISTORICAL AND THEORETICAL ASPECTS
At present, the insurance market is not only a mechanism of financial recovery, a source of refinancing of the credit sector, but also the largest institutional investments. A reliable and steadily growing insurance market provides a high level of economic security of its participants and their successful functioning in a market economy, which is a necessary condition for growth and stability of the economy as a whole. Modern processes of diversification, consolidation and integration in national and international Finance also necessitate the intensification of the analysis of insurance in terms of its role in the financial systems.