Functions of the System of Commercial Insurance

The article analyses impact of the system of commercial insurance on the most important priorities of development of the national economy, such as formation and distribution of financial resources and services, establishment of socially oriented market economy, ecological security and transition of Ukrainian economy to the innovation type of development. The article justifies a necessity of a study of the essence of the system of commercial insurance through the prism of performed functions. It was established that the system of commercial insurance performs such functions as development of investment potential of the national economy; ensuring of socio-economic stability of the national economy; increase of the ecological safety of the national economy; and activation of innovation development of the national economy. The fact that the system of commercial insurance performs the above functions allows speaking about it as about a factor of development of the national economy, which multiplicatively facilitates provision of its long-term stable economic growth.