СHALLENGES AND SOLUTIONS FOR ENSURING FINANCIAL STABILITY OF INSURANCE ORGANIZATIONS IN UZBEKISTAN
Keywords:
financial stability, insurance companies, risk management, Uzbekistan, reinsurance, insurance market, risk assessment, insurance productsAbstract
The article provides a comprehensive analysis of systemic challenges and risk factors undermining the financial stability of insurance companies in the Republic of Uzbekistan. It explores institutional, market-based, and managerial determinants, including the limited diversification of insurance products, constrained access to reinsurance, insufficient financial literacy among the population, and fragmented coordination between regulatory authorities and private insurers. Particular attention is given to the development of an integrated risk management framework, the formation of a domestic reinsurance market, and the advancement of the legal and regulatory environment. The study offers strategic recommendations aimed at enhancing public trust in insurance institutions, improving corporate transparency, and establishing a stable regulatory infrastructure for the long-term resilience of Uzbekistan’s insurance industry.
