IMPROVEMENT OF CAPITAL REQUIREMENTS IN INSURANCE COMPANIES OF UZBEKISTAN

Authors

DOI:

https://doi.org/10.60078/2992-877X-2025-vol3-iss4-pp325-331

Abstract

This article examines approaches to optimizing capital requirements for insurance companies in Uzbekistan. It analyzes existing regulatory frameworks and international standards, including Solvency II. The study explores risks associated with insufficient capitalization and proposes measures to improve capital and reserve management mechanisms. The research aims to adapt advanced regulatory practices to the national insurance market, ensuring its sustainable development.

Keywords:

insurance insurance company capital financial stability Solvency II risk-based regulation minimum capital requirements (MCR)

References

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Cummins, J.D., & Phillips, R.D. (2005). Financial Risk Management in Insurance. Journal of Risk and Insurance, 72(4), 541–569.

European Parliament and Council. (2009). Directive 2009/138/EC (Solvency II). Official Journal of the European Union.

IAA Insurer Solvency Assessment Working Party. (2004). A Global Framework for Insurer Solvency Assessment. International Actuarial Association.

Sherris, M. (2003). Solvency, Capital Allocation and Fair Rate of Return in Insurance. Journal of Risk and Insurance, 70(3), 527–550.

Закон (2023) Закон Республики Узбекистан "О страховой деятельности" (в редакции 2023 года).

Постановление (2020) Постановление Президента Республики Узбекистан №ПП-4669 "О мерах по развитию страхового рынка".

Центральный банк Республики Узбекистан. (2023). Отчет о состоянии страхового рынка Узбекистана.

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How to Cite

Nomozova , K. (2025). IMPROVEMENT OF CAPITAL REQUIREMENTS IN INSURANCE COMPANIES OF UZBEKISTAN. In Economic development and analysis. https://doi.org/10.60078/2992-877X-2025-vol3-iss4-pp325-331