DISTINCTIVE FEATURES OF STATE REGULATION OF INSURANCE ACTIVITIES

Authors

  • Eldor Nozimov Samarkand Institute of Economics and Service Senior Lecturer, Department of "Investment and Innovations"

DOI:

https://doi.org/10.55640/

Keywords:

Insurance regulation; state supervision; solvency control; risk-based supervision; insurance legislation; regulatory framework; consumer protection; insurance market stability.

Abstract

This article examines the distinctive features of state regulation in the insurance sector, focusing on its role in ensuring market stability, consumer protection, and sustainable industry development. The study analyzes regulatory frameworks, supervisory mechanisms, and institutional structures that govern insurance activities, with particular attention to licensing procedures, solvency control, risk-based supervision, and compliance requirements. It also explores the balance between government intervention and market freedom, highlighting how effective regulation promotes transparency, financial soundness, and competitive development within the insurance market. Comparative insights from international regulatory models are provided to identify best practices applicable to emerging markets. The findings emphasize that comprehensive, modern, and risk-oriented state regulation is essential for enhancing the reliability and efficiency of the insurance sector.

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References

1.Rejda, G. E., & McNamara, M. J. (2017). Principles of Risk Management and Insurance (13th ed.). New York: Pearson.

2.Vaughan, E. J., & Vaughan, T. (2018). Fundamentals of Risk and Insurance (12th ed.). Hoboken, NJ: Wiley.

3.Outreville, J. F. (2013). “Insurance and Economic Development: A Theoretical and Empirical Analysis.” Journal of Risk Finance, 14(2), 110–145.

4.International Association of Insurance Supervisors (IAIS). (2020). Insurance Core Principles and Standards. Basel: IAIS.

5.European Insurance and Occupational Pensions Authority (EIOPA). (2019). Solvency II Supervisory Framework: Guidelines and Best Practices. Frankfurt: EIOPA.

6.KPMG. (2021). Global Insurance Regulatory Report: Trends, Challenges, and Innovations. London: KPMG Insights.

7.Deloitte. (2022). Risk-Based Supervision in Insurance Markets: International Lessons. New York: Deloitte Research.

8.Swiss Re Institute. (2020). Regulation and Insurance Market Development in Emerging Economies. Zurich: Swiss Re.

9.Insurance Market Development Agency of Uzbekistan (IMDA). (2023). Annual Report on Insurance Regulation and Market Performance. Tashkent.

10.Ministry of Finance of the Republic of Uzbekistan. (2022). Insurance Legislation and Supervisory Guidelines. Tashkent.

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Published

2026-03-13

Issue

Vol. 5 No. 03 (2026): Journal of Multidisciplinary Sciences and Innovations

Section

Articles

License

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

Authors retain the copyright of their manuscripts, and all Open Access articles are disseminated under the terms of the Creative Commons Attribution License 4.0 (CC-BY), which licenses unrestricted use, distribution, and reproduction in any medium, provided that the original work is appropriately cited. The use of general descriptive names, trade names, trademarks, and so forth in this publication, even if not specifically identified, does not imply that these names are not protected by the relevant laws and regulations.

How to Cite

DISTINCTIVE FEATURES OF STATE REGULATION OF INSURANCE ACTIVITIES. (2026). Journal of Multidisciplinary Sciences and Innovations, 5(03), 683-686. https://doi.org/10.55640/

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