THE ROLE OF INSURANCE IN REGULATING FOREIGN ECONOMIC ACTIVITY

Abirkulova Sohibjamol; Mukhammadiyev Fazliddin

Authors

Abirkulova Sohibjamol Assistant teacher of Tashkent State University of Economics
Mukhammadiyev Fazliddin Major of Department of Internal Affairs of Zamin District of Jizzakh Region

Keywords:

economic activity, investment, insurance structure, insurance activity, government, entrepreneurs

Abstract

Foreign economic activity is great importance to countries and businesses in the modern world. However, the specific characteristics of foreign economic activity, in particular, the instability of the world market, exchange rate fluctuations, political risks, natural disasters and other various risks, make foreign economic activity one of the specific risky processes. Therefore, risk management is important in the effective implementation of foreign economic activity. One of the most effective means of risk management is insurance.

References

Kong F., Wang Y., Lv L., I Y., Shi P. Progress and perspective of the global and complex effects of disaster on the economy in the context of interdependence. J. St. Chinese Standard. Univ. 2018;52:871–882.

Surminski S. The role of insurance in direct risk mitigation: the case of flood insurance. Int. Rev. Environ. Res. Economy. 2014;7:241–278. doi: 10.1561/101.00000062.

Walker GR, Mason MS, Crompton RP, Musulin RT Applying insurance modeling tools for climate change adaptation to decision-making related to the built environment. Struct. Infrastructure. Engine. 2016;12:450–462. doi: 10.1080 / 15732479.2015.1020498.

IPCC climate change. Contribution of Working Groups I, II and III to the 5th Assessment Report of the Intergovernmental Panel on Climate Change. Cambridge University Press; Cambridge, UK: 2014.

Research on Climate Change Impacts and Adaptation in the Nam SV Insurance Sector. J. Clim. Dust. Res. 2017; 8: 153-161. doi: 10.15531 / ksccr.2017.8.2.153.