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Digitalization of The Insurance Market: As A Factor of Increasing Competitiveness
Corresponding Author(s) : Azmiddin Turgunmirzaev
American Journal of Economics and Business Management,
Vol. 8 No. 7 (2025): July
Abstract
In the article, the changes occurring as a result of the digital transformation of the insurance industry, the analysis of the competitive factors of companies through the digitization of the industry are analyzed in detail.
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- G. Mokronosov and I. N. Mavrina, Competition and Competitiveness: A Textbook, Yekaterinburg: Ural University Publishing, 2014, 194 p.
- A. V. Kozlov, "Internet Insurance in Russia," Modern Problems of Science and Education, no. 4, pp. 127–131, 2010.
- Y. Y. Dmitrieva, "IT Solutions for Insurance Companies," Scientific Notes of Young Researchers, no. 6, pp. 30–35, 2015.
- Y. V. Trofimova, "Modern Loss Minimization Technologies in the Digital Economy," UGNTU Bulletin. Science, Education, Economy. Series: Economics, no. 2(24), pp. 40–45, 2018.
- S. L. Denisov, "Dumping in Insurance," Bulletin of the Maykop State Technological University, no. 4, pp. 63–66, 2014.
- E. Vasilenko, "Features of Analyzing the Competitiveness of Insurance Products and Services for Competitive Strategy Formation," RISK: Resources, Information, Supply, Competition, no. –, pp. 212–215, 2011.
- E. Platonova, "Competition in the Insurance Market: Factors and Trends," CST, no. 4(99), pp. 37–41, 2023.
- A. A. Tsyganov and D. V. Bryzgalov, "New Forms of Competition in the Russian Insurance Market," Scientific Research Financial Institute – Financial Journal, no. 3(21), pp. 141–149, 2014.
- I. Abdurakhmonov, "Regulation of the Insurance Market and Implementation of Effective Mechanisms of Prudential Control," International Finance and Accounting, vol. 2020, no. 2, Article 10. [Online]. Available: https://uzjournals.edu.uz/interfinance/vol2020/iss2/10
- I. Abdurakhmonov, "Methods and Approaches to Evaluating the Insurance Industry Efficiency," International Finance and Accounting, no. 3, p. 7, 2020.
- I. Abdurakhmonov, "Impact of Insurance Services on the Development of Real Sector Enterprises," International Finance and Accounting, no. 6, p. 7, 2020.
- I. Abdurakhmonov, "Prospects for the Application of Digital Technologies in the Insurance Sector," Finance and Banking, vol. 8, no. 1, pp. 95–99, 2022. [Online]. Available: https://journal.bfa.uz/index.php/bfaj/article/view/82
- I. Abduraxmonov, "Formation Trends of the Insurance Sectors," Finance and Banking, vol. 8, no. 3, pp. 60–67, 2022.
- I. Abdurahmonov, "Efficiency of Organizing the Activities of Insurance Intermediaries in the Development of Insurance Sector," International Finance and Accounting, no. 1, p. 5, 2020.
- I. Kh. Abdurakhmonov, Conceptual Foundations for the Development of Insurance Sectors in the Republic of Uzbekistan, PhD Abstract, 2023, 78 p.
- I. Abdurakhmonov, "Regulation of the Insurance Market and Implementation of Effective Mechanisms of Prudential Supervision," International Finance and Accounting, no. 2, 2020.
- I. Kh. Abdurakhmonov, Theory and Practice of Insurance, Textbook, Tashkent: Iqtisod-Moliya, 2019, pp. 353–354.
- I. Kh. Abdurakhmonov, "New Forms of Competition in the Insurance Sector: Theoretical Basis and Economic Analysis," Finance and Banking, no. 2, pp. 145–150, 2022.
- I. Kh. Abdurakhmonov, "Prospects for Applying New Marketing Technologies in the Insurance Sector," International Finance and Accounting, no. 4, pp. 1–10, 2020.
- I. Abdurakhmonov, "Insurance Market: Current State and Development Trends," Economic Development and Analysis, vol. 2, no. 4, pp. 309–319, 2024.
- I. Kh. Abdurakhmonov, "Assessment of the Efficiency of the Insurance Sector," TADQIQOTLAR.UZ, vol. 37, no. 6, pp. 161–167, 2024.
- I. Abdurakhmonov, "Prospects for the Development of the Insurance Sector," Nashrlar, vol. 2(D), pp. 12–15, 2024. doi: 10.60078/2024-vol2-issD-pp12-15
- I. Abdurakhmonov, "Unknown Risks of the Digital Economy," Economic Development and Analysis, vol. 2, no. 7, pp. 230–239, 2024. doi: 10.60078/2992-877X-2024-vol2-iss7-pp230-239
References
G. Mokronosov and I. N. Mavrina, Competition and Competitiveness: A Textbook, Yekaterinburg: Ural University Publishing, 2014, 194 p.
A. V. Kozlov, "Internet Insurance in Russia," Modern Problems of Science and Education, no. 4, pp. 127–131, 2010.
Y. Y. Dmitrieva, "IT Solutions for Insurance Companies," Scientific Notes of Young Researchers, no. 6, pp. 30–35, 2015.
Y. V. Trofimova, "Modern Loss Minimization Technologies in the Digital Economy," UGNTU Bulletin. Science, Education, Economy. Series: Economics, no. 2(24), pp. 40–45, 2018.
S. L. Denisov, "Dumping in Insurance," Bulletin of the Maykop State Technological University, no. 4, pp. 63–66, 2014.
E. Vasilenko, "Features of Analyzing the Competitiveness of Insurance Products and Services for Competitive Strategy Formation," RISK: Resources, Information, Supply, Competition, no. –, pp. 212–215, 2011.
E. Platonova, "Competition in the Insurance Market: Factors and Trends," CST, no. 4(99), pp. 37–41, 2023.
A. A. Tsyganov and D. V. Bryzgalov, "New Forms of Competition in the Russian Insurance Market," Scientific Research Financial Institute – Financial Journal, no. 3(21), pp. 141–149, 2014.
I. Abdurakhmonov, "Regulation of the Insurance Market and Implementation of Effective Mechanisms of Prudential Control," International Finance and Accounting, vol. 2020, no. 2, Article 10. [Online]. Available: https://uzjournals.edu.uz/interfinance/vol2020/iss2/10
I. Abdurakhmonov, "Methods and Approaches to Evaluating the Insurance Industry Efficiency," International Finance and Accounting, no. 3, p. 7, 2020.
I. Abdurakhmonov, "Impact of Insurance Services on the Development of Real Sector Enterprises," International Finance and Accounting, no. 6, p. 7, 2020.
I. Abdurakhmonov, "Prospects for the Application of Digital Technologies in the Insurance Sector," Finance and Banking, vol. 8, no. 1, pp. 95–99, 2022. [Online]. Available: https://journal.bfa.uz/index.php/bfaj/article/view/82
I. Abduraxmonov, "Formation Trends of the Insurance Sectors," Finance and Banking, vol. 8, no. 3, pp. 60–67, 2022.
I. Abdurahmonov, "Efficiency of Organizing the Activities of Insurance Intermediaries in the Development of Insurance Sector," International Finance and Accounting, no. 1, p. 5, 2020.
I. Kh. Abdurakhmonov, Conceptual Foundations for the Development of Insurance Sectors in the Republic of Uzbekistan, PhD Abstract, 2023, 78 p.
I. Abdurakhmonov, "Regulation of the Insurance Market and Implementation of Effective Mechanisms of Prudential Supervision," International Finance and Accounting, no. 2, 2020.
I. Kh. Abdurakhmonov, Theory and Practice of Insurance, Textbook, Tashkent: Iqtisod-Moliya, 2019, pp. 353–354.
I. Kh. Abdurakhmonov, "New Forms of Competition in the Insurance Sector: Theoretical Basis and Economic Analysis," Finance and Banking, no. 2, pp. 145–150, 2022.
I. Kh. Abdurakhmonov, "Prospects for Applying New Marketing Technologies in the Insurance Sector," International Finance and Accounting, no. 4, pp. 1–10, 2020.
I. Abdurakhmonov, "Insurance Market: Current State and Development Trends," Economic Development and Analysis, vol. 2, no. 4, pp. 309–319, 2024.
I. Kh. Abdurakhmonov, "Assessment of the Efficiency of the Insurance Sector," TADQIQOTLAR.UZ, vol. 37, no. 6, pp. 161–167, 2024.
I. Abdurakhmonov, "Prospects for the Development of the Insurance Sector," Nashrlar, vol. 2(D), pp. 12–15, 2024. doi: 10.60078/2024-vol2-issD-pp12-15
I. Abdurakhmonov, "Unknown Risks of the Digital Economy," Economic Development and Analysis, vol. 2, no. 7, pp. 230–239, 2024. doi: 10.60078/2992-877X-2024-vol2-iss7-pp230-239