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| Open Access | PROSPECTS FOR LIBERALIZATION OF THE COMPULSORY INSURANCE MARKET AND OPENING FOR INTERNATIONAL INSURANCE COMPANIES IN UZBEKISTAN
Muhamedxodjaeva Umida , Business School MBA Global management Learder of the NOU "Katta Tanaffus Bilimdon"Abstract
This article examines the liberalization of the compulsory insurance segment in Uzbekistan's insurance market and its opening to international companies. Based on literature analysis, the study explores international experience in market liberalization and opportunities in the Uzbekistan context. As a result, gradual market liberalization and necessary conditions for foreign insurance companies' entry are proposed.
Keywords
compulsory insurance, liberalization, international insurance companies, insurance market, regulation.
References
Central Bank of Uzbekistan. (2023). Insurance Market Development Report 2017-2023.
World Bank. (2022). Insurance Market Liberalization in Developing Economies.
Petrov, V. (2021). "Insurance Market Liberalization: Lessons from Russia." Journal of Insurance Studies, 15(2), 45-60.
Johnson, M., & Smith, K. (2023). "Insurance Market Opening in Eastern Europe: Impacts and Outcomes." European Insurance Review, 28(4), 112-128.
Karimov, A. (2022). "Legal Framework Development in Uzbekistan's Insurance Market." Central Asian Economic Review, 12(3), 78-92.
Aliyev, B. (2023). "Institutional Prerequisites for Foreign Insurers in Uzbekistan." Finance and Markets Journal, 8(2), 34-49.
OECD. (2023). Insurance Market Regulation Guidelines.
Asian Development Bank. (2022). Insurance Sector Development in Central Asia.
International Monetary Fund. (2023). Financial Sector Assessment Program: Insurance Market Analysis.
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