INSURANCE OF INVESTMENT PROJECTS AND THE ROLE OF INTERNATIONAL INSURANCE COMPANIES

This study addresses the role of insurance in investment projects, with a particular focus on international insurance companies and the specific insurance products, they offer for the investment projects worldwide. The study analyzes the importance of insurance as a risk management mechanism, its impact on promoting foreign direct investment, insurance alternatives at different stages of projects, and the ways in which insurance companies channel their funds into financial markets and especially in the insurance market. It also examines the role of investments in the economy as a whole, the challenges related to regulation, financial stability and sustainable economic and financial development. The paper also addresses the risks covered by insurance of investment projects and their consequences, emphasizing the crucial role of available insurance products in their reduction and coverage. The analysis is based on academic literature and national and international institutional reports (Rejda & McNamara, 2017; World Bank, 2021, etc.).