PROSPECTS FOR THE DEVELOPMENT OF INVESTMENT ACTIVITIES OF INSURANCE ORGANIZATIONS

Аннотация

The relevance of the research topic lies in the need to improve the efficiency of the investment activities of national insurance organizations, since, taking into account world experience, investment activities should provide the main income of insurance companies, which will allow, in a significant way, to regularly increase equity capital and improve financial condition, and in general, provide the possibility of developing the national insurance market and having a positive impact on the development of the national economy. Key words: Insurance activity, investment activities, insurance business, investment income, investment activity, investment policy, insurance market, investment. ПЕРСПЕКТИВЫ РАЗВИТИЯ ИНВЕСТИЦИОННОЙ ДЕЯТЕЛЬНОСТИ СТРАХОВЫХ ОРГАНИЗАЦИЙ Аннотация: Актуальность темы исследования заключается в необходимости повышения эффективности инвестиционной деятельности национальных страховых организаций, так как, учитывая мировой опыт, инвестиционная деятельность должна обеспечивать основной доход страховых компаний, что позволит, существенным образом, регулярно увеличивать собственный капитал и улучшать финансовое состояние, а в целом, обеспечивать возможность развития национального страхового рынка и оказывать позитивное влияние на развитие национальной экономики. Ключевые слова: Страховая деятельность, инвестиционная деятельность, страховой бизнес, инвестиционный доход, инвестиционная активность, инвестиционная политика, страховой рынок, инвестирования. Insurance activity has a number of specific features, and one of them is that insurers have temporarily unencumbered funds at their disposal for a certain period of time, which can be invested in order to generate income. Investment income is an additional source of profit for the insurer. As a result, the income rate included in the tariff rate structure is reduced, and, consequently, the tariff is reduced by this amount, in which both insurers and policyholders are equally interested. The insurance business functions successfully provided that the investment https://scientific-jl.com/new 55 44 Volume–78_Issue-3_June-2025 JOURNAL OF NEW CENTURY INNOVATIONS activity of insurance companies is generated in different areas of the market. Insurers are constantly dependent on the current situation on the market. This forces the insurer to conduct a competent, and most importantly, cautious investment policy. Accordingly, reliability, profitability, diversification and liquidity are the main criteria for an effective investment policy of an insurance company. Thus, the topic raised is always relevant for insurance organizations, given the modern dynamically developing money and financial market. The insurance market of Uzbekistan, despite its "solid age" comparable to the sovereign age of the country, is still at the initial stages of its development. At the same time, the banking sector, despite the difficulties of the crisis period, has achieved impressive results and plays an important role in the country's economy. In developed countries, the insurance sector is one of the three largest sources of investment in their economies. These are the state, pension funds and insurance companies. Banks are not marked in this row. Therefore, it is extremely important for us to develop the domestic insurance business in order to receive an independent source of long-term private investment in the economy in the future. The large capacity of the insurance market is a boon for the economy of any country, as it plays a stabilizing role, both as a source of financing losses and as a source of huge investment resources. Nevertheless, the growth of assets and equity of the insurance market could show much better results and this is hindered by three main problems of the insurance market: 1. High acquisition costs (commission fees), which do not allow insurance companies to increase insurance reserves. From my point of view, this is due to the high corruption of the voluntary insurance market. 2. Extremely high level of cross-border reinsurance for voluntary insurance classes. On the one hand, problems in the field of reinsurance are associated with partially uncontrolled withdrawal of funds abroad. On the other hand, when limiting reinsurance, the insufficient capitalization of the insurance companies themselves and their inability to hold large risks affects. 3. Almost complete lack of competition in the insurance market in terms of insurance through bank windows. Banks and financial and industrial groups have created subsidiary insurance companies, thereby excluding access to their clients by other insurance companies, pursuing exclusively their own economic interests in order for the client to leave as much of his money as possible within their group. This is quite a sound and justified action if there is competition. When it is not there, it causes great harm to the qualitative development of the insurance sector. Despite the above problems and their high relevan