INCREASING THE EFFICIENCY OF ALLOCATION OF FINANCIAL RESOURCES OF INSURANCE COMPANIES

Аннотация

The article describes the emergence of insurance companies as a major source of investment in the economy. The analysis of the placement of financial resources by insurers and its effectiveness is carried out, and the issues of further expansion and optimization of the investment portfolio are studied. The expected results in the insurance sector through the introduction of these directions are also described. Keywords: insurance, investment activities, financial resources, investment objects, investment portfolio, insurance premium, authorized capital, reserve. Introduction. Insurance companies are recognized as the largest financial resource-collecting sector in the world, which makes them a major source of investment. Insurance companies , along with other financial institutions (banks, stock exchanges, investment funds , pension funds , etc.), are an integral part of the country's financial market and constitute an important link in the state financial system [1]. The accumulation and distribution of a certain level of cash flows in insurance companies also makes them major investors. The fact that insurance companies are officially allowed to engage in other types of activities in addition to their main activities creates conditions for their free participation in the stock https://scientific-jl.com/luch/ 1 9 5 Часть-46_ Том-5_ июнь-2025 markets . Insurance is considered the most effective means of eliminating the negative consequences of unforeseen events that occur to the population and various property entities , and contributes to reducing the cost burden of the state budget. In recent years , a number of reforms have been implemented to improve the sector , in particular, to expand the insurance market, ensure a wide range of insurance services, and increase the financial potential of insurers [1] . In particular, our President Shavkat Mirziyoyev paid serious attention to the sector and gave specific tasks and instructions for its rapid development . 20 23 years 1 In March , the Resolution No. PQ-108 " On comprehensive measures for the further development of the insurance services market" was adopted, in which the tasks of regularly increasing the amount of the authorized capital of insurance companies and thus expanding their scope of activity and ensuring their financial strength were determined, including specific instructions on the implementation of financing of sectors of the economy in need of funds by increasing the volume of investments [ 2 ] . The financial potential of insurance companies is formed on the basis of their own funds and the source of attracted funds . In this sense, it is worth mentioning that the financial resources of insurance companies determine their financial potential. The amount of authorized capital of insurers is formed during their state registration. The formed charter capital was considered the main financial basis for insurance companies at the initial stage of their activity. The authorized capital of insurers is formed from various sources, the initial minimum amount is formed by the founding legal entities or individuals, and subsequently it is replenished during the course of its activity from the income received by the organization in various directions, net profit, proceeds from the sale of shares and other sources, but its formation from borrowed funds and borrowed funds is not allowed. The main https://scientific-jl.com/luch/ 1 9 6 Часть-46_ Том-5_ июнь-2025 source of formation of the financial potential and resources of insurance companies is its income and expenses. Literature analysis ( Obzor literatur / Literature review) . Foreign scientists Makeykina S.M. and Lyoshin S.S. " Investitionnaya deyatelnost strakovykh kompanii kak faktor povyshenia ix finansovoy ustoychivosti v usloviyax ekonomicheskoy retsessii " of s . In the research work of Uzbek economist Kenjaev I.G. on the topic “Ways to increase the efficiency of placing financial resources of insurance organizations”, priority areas for expanding the investment opportunities of insurers were put forward . Research methods ( Methods of research / Methodology ) . In the process of conducting the research, the methods of systematic analysis and approach, logical and structural analysis, grouping and generalization, expert assessment and forecasting, and mutual and comparative comparison were used. Analysis and results ( Analysis and results / Analysis and results ) . The movement of financial resources of the organization in insurance activities has a specific character. All policyholders participate equally in the formation of the insurance fund (of course, depending on the amount of the insured object and the probability of occurrence of risks affecting it), but it is used only by policyholders whose objects have suffered damage, insurance premiums paid under contracts where the insured event did not occur are not refunded. In both areas of insurance, the movement of financial resources is bas