INTERNATIONAL EXPERIENCE IN THE FINANCIAL DEVELOPMENT OF LIFE AND HEALTH INSURANCE RELATIONS

Yunusbek Yusufovich Bobonazarov

Authors

Yunusbek Yusufovich Bobonazarov Independent Researcher at the Samarkand Institute of Economics and Service.

Keywords:

Keywords: insurance fund, life insurance, health insurance, reinsurance, financial sustainability, public-private partnership, investment models, international best practices.

Abstract

Abstract: This article examines the advanced financial practices of developed countries—such as Germany, France, Japan, the United States, and Singapore—in organizing and funding life and health insurance systems. It analyzes mechanisms of insurance fund formation, multi-source financing, reinsurance systems, personal accounts, and investment-linked insurance products. The article also explores the applicability of these models in Uzbekistan, providing scientific conclusions and practical recommendations on their economic efficiency and fiscal implications.

References

Bundesministerium für Gesundheit. (2024). Grundlagen der GKV-Finanzierung und Gesundheitsfonds. Berlin: BMG.

OECD. (2023). Health at a Glance 2023: OECD Indicators. OECD Publishing. Paris. ISBN: 978-92-64-35728-9. – pp. 101–117.

CPF Board Singapore. (2023). Annual Report: MediSave and MediShield Life Statistics. Singapore Government Press.

OECD. (2023). Health at a Glance 2023: OECD Indicators. OECD Publishing. Paris. ISBN: 978-92-64-35728-9. – pp. 101–117; Social Security Administration (SSA). (2023). Medicare & Medicaid at a Glance. SSA Bulletin. Vol. 83, No. 2. – pp. 11–17.

World Bank Group. (2022). The Future of Health Financing in Asia: Challenges and Innovations. Washington D.C. – pp. 45–59.

Social Security Administration (SSA). (2023). Medicare & Medicaid at a Glance. SSA Bulletin. Vol. 83, No. 2. – pp. 11–17.

Resolution of the Cabinet of Ministers of the Republic of Uzbekistan No. 515 dated September 20, 2022 “On measures to develop the state social insurance system” // National Database of Legal Information, 20.09.2022, No. 09/22/515/0836; 24.06.2024, No. 09/24/314/0439; 08.10.2024, No. 09/24/640/0791 / https://lex.uz/docs/6200266#6983887.

Ibid.

CNAM (Caisse Nationale d’Assurance Maladie) is a national-level state body in France responsible for the medical insurance of the country’s population. Through this system, French citizens and permanent residents hold the right to utilize health services completely or partially free of charge.

Investopedia, “Term vs. Universal Life Insurance”, page details on product differences.