INNOVATIONS IN INSURANCE: MAIN WORLD TRENDS

Аннотация

INTRODUCTION protection of the population, and it is inevitable The study of modern directions of innovations in that it will also be compatible with the program the field of insurance is an important scientific and "Attention to people and quality education" in our practical task, which, on the one hand, allows to country in 2023. adapt the existing theoretical base to the reality of the economic environment, to determine The desirability of studying the main trends of promising directions of scientific research, innovation in the insurance sector is undeniable contributes to the development of a specific branch and is confirmed by customer-oriented goals in the of the economy, and on the other hand, serves to search for innovative solutions. Currently, the increase the quality of services provided in the topic of ongoing research in this field is: insurance market, opens up prospects for concrete - general innovation processes taking place in the changes.The development of the insurance market local insurance market; of Uzbekistan affects the socio-economic development of the country in accordance with - innovative development of some lines of global trends. The Decree of the President of the insurance and its business processes; Republic of Uzbekistan No. PF-60 "On the - innovative products, their development and development strategy of New Uzbekistan for 2022- implementation; 2026" approved on January 22, 2022 emphasizes - some types of technological innovations. that the insurance system has a special role in the development of New Uzbekistan: “Improvement of Unfortunately, there are very few works dedicated the quality of medical services provided to the to studying the characteristics of innovation population, efficient use of budget funds, processes taking place abroad. At the same time, centralization of medical services and foreign insurance companies are a powerful implementation of the practice of medical generator of vital innovative ideas that determine insurance of the population" is indicated as the the future directions of the development of the 56th goal. It can be seen that it is appropriate to world insurance market. They are interesting as an introduce new types of insurance in the social object of study, because they allow to observe the https://www.theamericanjournals.com/index.php/tajmei 105 THE USA JOURNALS THE AMERICAN JOURNAL OF MANAGEMENT AND ECONOMICS INNOVATIONS (ISSN- 2693-0811) VOLUME 06 ISSUE01 process of inevitable changes in the philosophy of development of the insurance industry, which was insurance business and to form a clear vision of the predetermined by the next stage of the world future of insurance. economic crisis, and on the other hand, the revision of the insurance industry, the policy of THE MAIN PART insurers in relation to the characteristics of the Innovations are traditionally associated with services provided, mainly not focused on certain changes that have value and can increase compensation, but minimizing risks , defines the the effectiveness of activities and their results. need to manage customer losses in a radically new Their main feature is the "improvement" of the format. The latter is clearly determined by innovation or change, which has a qualitatively structural changes in customer demographics: the positive effect on both the person who introduced new generation is gradually becoming the the innovation and the person to whom it is dominant consumer group. Digital technologies directly directed. The main subjects of innovative are evolving so fast that even within the same activity in the insurance business are insurance potential insurance industry, different ways of companies, the main participants of the insurance working have to be chosen: "digital immigrants", market, which gradually begin to join insurance "digital natives" and "neo-digital natives" have brokers. similar characteristics, but they still define the Insurance agents are passive in the field of insurance needs of the population. requires a innovation because of the tasks they perform; different approach to satisfy. insurance infrastructure entities are just starting In any case, the main idea of innovation in the to master the insurance market, so there is still modern format is related to the need to direct the enough traditionality within the functions efforts and resources of the insurance company to performed for them; small mutual insurance create a profitable business that can satisfy the companies do not feel a special need for innovation changing opportunities and needs of customers. due to the historical features of the organization of Due to competitive pressure, the motivation this form of insurance. becomes the need to meet the expectations and In contrast to this layer of the insurance market, it preferences of insurance buyers. The modern is precisely the insurance companies that, on the economic environment means that there is little one hand, have a stronger a