PRIORITY DIRECTIONS AND SOLUTIONS FOR ENHANCING THE FINANCIAL RISK MANAGEMENT SYSTEM IN THE INSURANCE MARKET OF UZBEKISTAN
DOI:
https://doi.org/10.55640/Keywords:
Financial Risk Management, Insurance Market, Regulatory Framework, Solvency Standards, Risk-Based Capital, Reinsurance, Market Resilience, Corporate GovernanceAbstract
Enhancing the financial risk management system is crucial for the stability and growth of Uzbekistan's insurance market. Key priorities include strengthening regulatory oversight, adopting international solvency standards, and promoting risk-based capital approaches. Implementing robust reinsurance mechanisms, advanced data analytics, and comprehensive corporate governance frameworks are vital solutions. These measures will bolster market resilience, protect policyholders, and foster sustainable development in line with global best practices.
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5. International Association of Insurance Supervisors, //www.iaisweb.org/uploads/2022/01/210930-GIMAR-special-topic-edition-climate-change.pdf
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