Modern aspects of the development of the insurance system in uzbekistan Tadzhimuratovna Khalikulova Gulzada Senior Lecturer, Department of Economic Theory, Tashkent Financial Institute, Uzbekistan, Email id: khalikulova78@mail.ru Online published on 4 March, 2019. Abstract The purpose of this article is to study the impact of insurance activity on the overall socio-economic structure of the Republic of Uzbekistan. The article explores the insurance market in Uzbekistan. Studies conducted on the insurance services market of the Republic of Uzbekistan have shown its rapid development. At the same time, the problems of insurers ’competitiveness are analyzed. The article shows what methods should be applied in the development of the insurance market and how to improve the efficiency of mutual insurance societies… To understand changes in the size of payments, you can use the phenomenon known as the "insurance cycle" or the cycle of insurance activities. In Uzbekistan, the existing system of compulsory insurance (insurance, compulsory by virtue of a contract) negatively affects competition in the insurance market and limits the policyholder‟s choice of insurance company. Research on this topic can be divided into two main areas. Proponents of the first believe that cycles are formed under the influence of internal forces. Top Keywords Insurance, Insurance Market, Socio-Economic Development, Insurance Services, Insurance Premiums, Insurance Payments, Compulsory Insurance, Voluntary Insurance, Mutual Insurance Societies. Top |