Author(s): Hassiba Hadouga
The research deals with the rates of the insurance sector as one of the financial sectors that act as a catalyst for economic development. The systematic analysis of the literary sources and methods of addressing the problem of the insurance sector developments, in addition to the existence of social, economic, political and institutional inhibitors to the effective reform of the insurance sector. Inputs were used as parameters that characterize the development of the insurance sector. Namely, the size of the insurance penetration, and the size of the insurance density in Romania. Indicators of the rate of economic development were predicted using CSR, CGSR, and Measuring Instrument methods. FOINNs.SVM A machine learning model from Python built an artificial neural network model. The statistical data of the Ministry of Finance and the World Bank served as an information base to study the relationship between the size of approved and implemented insurance sector developments. The relationship between approved and expressed insurance sector developments was studied using data from several statistical areas, the Ministry of Finance, and the World Bank. The results of the modeling demonstrated the negative impact of the developments in the insurance sector, the size of the insurance penetration rate and the insurance density in Romania in the long run. As these developments did not contribute to the growth of economic development indicators. Thus, the results of standard economic modeling represented the negative impact of the reforms that the insurance sector in Romania experienced after 2022. They did not contribute to increasing the insurance penetration rate, the insurance density rate, and therefore will have a negative impact on the insurance rate. economic development a year later. And during the next ten years in Romania.