PURPOSE AND TASKS OF BUSINESS PROCESSES IN INSURANCE ACTIVITY

Business processes directly affect the sale of insurance products and the provision of services in accordance with the terms of the contract. In the organization of business processes in insurance activities, it is necessary to take into account such factors as enriching the database of insurance products, studying the demand and supply in the market

FINANCIAL RISK MANAGEMENT SYSTEM

Through the rapid development of the insurance market in Uzbekistan, by the end of 2022, respectively, compared to 2018, the share of insurance services in the gross domestic product (GDP) will be 2.0; the volume of total insurance premiums is 3.3; total assets of insurance organizations 2.1; to increase the number of types of insurance services by 1.7 times” determination requires the strengthening of the role of the insurance market and the wide use of insurance tools. Accordingly, during the comprehensive classification of the content of the "financial risk" category and the systematic research of its theoretical, methodological and practical aspects, the study of the causes of its occurrence, as well as the research of activities aimed at eliminating or minimizing its consequences, is considered one of the urgent topics

DEVELOPMENT OF COMPULSORY INSURANCE TYPES

The importance and nature of compulsory insurance is explained in the article, and the mandatory procedure is given in it

INSURANCE ORGANIZATIONS FINANCIAL RISKS ASSESSMENT METHODS

This Article Notes The Relevance Of The Formation Of Conceptual Approaches To The Assessment Of Financial Risks, Examines The Issue Of Their Direct Or Indirect Impact On The Results Of Financial Activities Of Subjects. In Particular, It Is Indicated That The Main Task Of Risk Management Is The Assessment And Analysis Of Probabilistic Risk, The Choice Of Methods To Minimize Risk By Identifying Its Factors. The Author Presents Modern Methods Of Assessing The Level Of Financial Risk, As Well As The Necessary Methodological Manuals For Determining The Level Of Profitability Of Financial Transactions On The Example Of Insurance Organizations In Uzbekistan. This Approach To The Formation Of The Necessary Level Of Profitability Of Financial Transactions, Taking Into Account Risk Factors, Allows For The Interconnection Of Indicators In The Process Of Financial Activity Of Insurance Organizations As A Whole