Socio-Economic Essence of Insurance Services

Abstract

The article describes what insurance services are and their economic significance. The article also discusses the level of capitalization, solvency and financial stability of professional insurance market participants, improving the quality of their assets, as well as the development of investment activities of insurers, strengthening the protection of rights of consumers and other insurance entities, ensuring openness and transparency of the insurance market. introduction of insurance products and development of traditional products in high demand, the formation of the insurance market of Uzbekistan.

In addition, the directions for purchasing insurance service through the insurance market only through the insurance market, based on their needs, have been revealed more widely.