The aim of this research is to calculate the most important financial indicators that reflect the reality of the insurance market at the macro and micro levels in the Syrian Arab Republic, analyze the results, and make suggestions to improve the real
ity of the insurance companies. The descriptive methodology / survey based on the survey was based on the study of the phenomenon (the reality of insurance companies operating in Syria) as they exist in reality and described accurately, and the statistical program of social sciences SPSS was used in the analysis of the results. The most important results were the weak contribution of the insurance sector in the GDP, where it did not exceed 1.5% until after 2012, to reach the highest value of 4.1% in 2017, mainly due to the decline in GDP during the crisis years. The most important recommendations were the need to activate the role of insurance activity in the GDP and the national economy, in addition to the need to spread the culture of insurance in the community and the definition of its importance and the positive points achieved by the clients dealing with insurance from people to companies
this study aimed to use derived indicators for development of financial system by using
factor analysis to fully understand the level of financial development in Syria and it's
relationship with the economic growth.
