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Asian Journal of Multidimensional Research (AJMR)
Year : 2019, Volume : 8, Issue : 10
First page : ( 80) Last page : ( 84)
Online ISSN : 2278-4853.
Article DOI : 10.5958/2278-4853.2019.00296.9

Objectives of financial sustainability in the development of insurance companies

Uktamovich Hakberdiev Behzod

Independent Researcher, Tashkent Financial Institute, Uzbekistan

Online published on 16 November, 2019.

Abstract

This article presents the analysis and analysis of insurance market reforms in improving the financial stability of insurance companies and their role in improving the financial sustainability of insurance companies, as well as recommendations and recommendations on improving the financial stability of insurance companies. We provide comprehensive insurance services. This insurance is cheap and simple enough to attract many people. The specifics of this microfinance are: for example, simplicity of products, relatively low insurance rates, small sums of insurance, little or no exceptions, simplicity of insurance coverage coverage and insufficient documentation, and small business and private entrepreneurship using micro-insurance products. Since all insurers in the mutual insurance companies are members of this company, all information about the activities of the company is open, which provides a high degree of confidence in the company. Low income from investment activity and low interest in insured events contribute to the reduction of insured events. Introduction of mutual insurance in agriculture will allow to achieve high efficiency. The main reason for such growth in investment funds by insurers is that in recent years the range of insurance services has expanded, and as a result of the provision of quality insurance services to the population, the insurers have accumulated large sums of money and carry out additional investment activities. This will strengthen the financial stability of insurance companies. The roadmap has been adopted. This Roadmap consists of 48 chapters, and the 30th section provides for the development of micro-insurance, including business insurance and life insurance. This is because one of the priorities of modernization and reforming of the economy is the establishment of insurance companies ’offices throughout the country and offering microfinance products.

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Keywords

Insurer, Insurer, Insurance Premium, Insurance Coverage.

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