INSURANCE INSTITUTES

The Article describes why the insurance institutes have become important for the development of the insurance industry. During the last few years, the number of the insurance institutes has increased. Their role is important not only for the education of the insurance professionals, but also for the protection of the insured persons and clients; this is why the institutes tend to conceive the future developments in the field of insurance.

Key words: institute, education, insurance professionals, systemic risk, stability of the insurance industry