IMPROVING THE FINANCIAL MECHANISM OF SERVICES PROVIDED BY INSURANCE MARKET PARTICIPANTS
Abstract
The article provides an in-depth analysis of the current state of the insurance market in Uzbekistan, as well as the processes of its institutional and financial transformation. Based on statistical data, the level of capitalization of insurance organizations, the structure of the investment portfolio, and digitalization (Insurtech) trends in the sector are examined. A comparative analysis of the experience of developed countries such as Germany, the UK, and the USA in the field of prudential supervision and the "Solvency II" system is conducted. The author develops evidence-based proposals for ensuring the stability of the insurance market, introducing the institution of an insurance ombudsman, and diversifying investment activities based on "green" economy principles.References
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