IMPROVING THE FINANCIAL STABILITY OF INSURANCE COMPANIES THROUGH THE CAPITAL MECHANISM

• Moyliyev Murod Bakhtiyorovich

  Doctoral (PhD) Student at Tashkent State University of Economics

  Author

Financial stability is one of the key prerequisites for the sustainable development of insurance companies, as it determines their ability to meet obligations to policyholders and withstand various financial risks. In modern conditions, the role of capital as a fundamental element of financial stability is significantly increasing. This article examines the theoretical and practical aspects of improving the financial stability of insurance companies through the capital mechanism. Particular attention is paid to the structure and sources of insurers’ own capital, including authorized capital, additional capital, reserve capital, and retained earnings, as well as their impact on solvency and risk absorption capacity. The study analyzes the relationship between capital adequacy indicators and the financial performance of insurance companies, emphasizing the importance of effective capital management in ensuring long-term stability. Based on the analysis, key directions for improving the capital mechanism are proposed, including optimization of capital structure, strengthening capital adequacy requirements, and enhancing regulatory and supervisory practices. The results of the study may be used in developing strategies aimed at increasing the financial stability and competitiveness of insurance companies in the insurance market.

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