Azimov Rustam Sadikovich,
Candidate of Economic Sciences, General Director of JSC “Uzbekinvest Export-Import Insurance Company”
Arifkhodjaeva Iroda Salakhutdinovna,
“Uzbekinvest” EISK JSC, Head of Department
Email: n_irodahon@mail.ru, Orchid: 0009-0006-9416-8462
Abstract. The article examines modern requirements and recommendations for ensuring the financial stability and solvency of insurance organizations. As a factor of the financial stability of the insurance company, the price of insurance services was researched, the formation of insurance reserves as the most important element of the insurance company’s solvency system, and the assessment of the profitability of insurance activity based on financial reporting data was analyzed. The history of the development of scientific and practical approaches to the problem of solvency and financial stability of insurance companies was determined by the scientific research of a number of economists-scientists. Moreover, the coefficients of harm were determined in the main directions of business in the field of general insurance. And based on this, scientifically based conclusions and suggestions were formed. The Digitization of Insurance describes InsurTech platforms that enable insurance consumers to compare hundreds of insurance products on price, value and benefits.
Key words: insurance, risk, Solvency II, InsureTech, tariff, underwriting