CONDITION AND PROSPECTS OF DEVELOPING LIFE INSURANCE MARKET IN UZBEKISTAN

Abstract

The article explains the importance of life insurance industry, shows its development in Uzbekistan and key stages of functioning. Successive analysis of changes in legislative norms and life insurance industry regulation reveal methodological aspect of market research. While the level of some indicators of life insurance market in Uzbekistan is rather low, a considerable growth of market can lately be observed and its further development is stipulated, on the one hand by chances of insurers to introduce new insurance services and to pursue well-developed investment policy and on the other hand, by interest of home insurers in availability and extension of insurance cover, whose decisive factors are aging of the population and increase in the life span. By analyzing the current situation and problems of the development the author advances proposals on further development of life insurance industry.

Keywords

• life insurance
• insurance market of uzbekistan
• insurance premium
• insurance pay
• legislative regulation of life insurance
• history of life insurance in uzbekistan
• challenges of life insurance development