Prospects for Improving Insurance Relations in Uzbekistan
Keywords:
insurance relations, inclusive insurance, risk financingAbstract
This article highlights the prospects for improving insurance relations in Uzbekistan, focusing on inclusive insurance and risk financing challenges. Based on analyses conducted by the United Nations Development Programme (UNDP), the paper provides recommendations for diversifying the existing insurance system and promoting sustainable development. It emphasizes the importance of developing a financial strategy to address natural disasters, enhancing the capabilities of insurance companies, and integrating modern technologies. The article also examines current issues within the insurance market, such as low financial coverage and inefficiency, and outlines opportunities for growth by leveraging international practices.
References
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10. Conversion rate: US$1 = UZM 10,788, as per oanda.com, accessed 25 January 2022. This rate is used throughout this document.
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