INSURANCE MARKET ANALYSIS METHODS: CASE-STUDY FROM UZBEKISTAN

This article discusses the relevance of the insurance market analysis for effective management. Provides a list of existing methods for analyzing the insurance market. On the example of the insurance market of Uzbekistan, it checks the effect of insurance payments and insurance obligations on the investments of insurance companies. Results show that, the more a company pays on insurance policies, the more it has money to invest. The larger the commitment, the less it invests because of the reservation savings. For example, a common approach to the assessment of insurance markets has not been developed yet in the regulatory system. In addition, there is no clear classification of indicators to assess the current state of the market, to conduct comparative analysis with other foreign markets. However, first we have decided to study how big is the impact of the efficient active factor not related to the economic aspects on the volume of the investments attracted by insurance companies in the economy. The latest one– economic-mathematical method of the analysis – is performed with the application of methods of multivariate classification, regression and correlation, simulation methods, methods of statistical theory of decision-making and determination of methods of operations’ research. Thus, insurance makes a positive impact on strengthening of the financial system of a country. In developed countries the share of insurance companies in savings accounts for up to 70% (Kolomin, 1998), invested in production development.