Ensuring the Financial Stability of Insurance Companies in the Republic of Uzbekistan

Abstract

Extensive research and studies are being conducted to establish directions for ensuring the financial stability of insurance companies in international practice. The foundation of these studies focuses on describing the factors directly related to the financial stability of insurance companies, which are divided into microeconomic and macroeconomic factors. Microeconomic factors are associated with the insurance companies' activities in insurance, investment, and other areas, while macroeconomic factors comprise internal and external economic elements within the industry. Despite these considerations, research aimed at ensuring the financial stability of insurance organizations remains one of the key issues in contemporary international practice. This article analyzes the financial stability of insurance companies, the factors influencing it, and the financial state of the insurance market in Uzbekistan.