INSTITUTIONAL MODERNIZATION OF BUSINESS RISK INSURANCE IN UZBEKISTAN

Business activity is inevitably exposed to uncertainty arising from market fluctuations, operational disruptions, changes in demand, financial constraints and other internal and external factors. These uncertainties may lead to measurable financial losses and undermine the continuity of enterprises. Business risk insurance therefore performs a role beyond the reimbursement of losses: it helps distribute risks, supports financial stability and creates conditions for sustainable entrepreneurial activity. The effectiveness of this mechanism depends on the quality of institutions, the adequacy of insurance products, the accuracy of risk assessment and the reliability of relations between insurers and policyholders.