THE IMPORTANCE OF LIFE INSURANCE IN THE INSURANCE INDUSTRY

Abstract

Insurance activity is one of the important segments of the financial market. Insurance services play a priority role in the process of financial intermediation, and the increase in new insurance services meets the needs of the population. Today, the insurance industry is one of the growing sectors of the financial market of Uzbekistan. The insurance industry of Uzbekistan has great untapped potential. There are many issues that need to be studied and pending. As the Uzbek insurance market expands, significant changes are taking place. This study was conducted to analyze the share of the life insurance industry in the Uzbek insurance market and its indicators of change over the year. The study was conducted using Internet data. The data were collected through the Insurance Market Development Agency under the Ministry of Finance of Uzbekistan. In the practical study, the data were analyzed vertically.