TITLE:
Influences of Modern Calculation Tools and Efficiency of Insurance Management in the Global Pandemic Period
AUTHORS:
Ikboljon Odashev Mashrabjonovich
KEYWORDS:
Insurance Market, Risks, Modern Criteria, Global Risks, Financial Risks, Insurance Reserves, Losses, Insurance Premiums, Penetration, Premium Density, Modern Calculation, Compulsory, The Theory of Probability, Insurance Management, Insurance Development
JOURNAL NAME:
Modern Economy,
Vol.12 No.3,
March
18,
2021
ABSTRACT: Object: The main purpose of the research is to develop modern tools for the
insurance management in the global economic crisis, to make an objective
assessment based on a critical analysis of existing ones, to identify
situations that could lead to international economic, social and natural
threats. It is made some recommendations for the
development of insurance calculations for the republic of Uzbekistan. Methods: Methods for reforming modern calculation of insurance tariffication are
recommended by means of theories of probabilities, statistical and mathematical
analysis, and foreign advanced countries practical types of summarizing. Findings: While making an analysis, it has found that modern tools for the insurance
management of Uzbekistan are needed. We proved this by the results of modern
calculation of insurance. For the development of insurance market of
Uzbekistan, it should be analyzed by means of penetration and density of
insurance premiums, making the deepest calculation of risks of the economy of
Uzbekistan, and using the main principals and formulas of theory of probability. Conclusions: In the end, we can take some results, and give some recommendations such as
using the tools of theories of probabilities can help us find the main risks of
economy, it’s powers of influences of the market economy, statistical and
mathematical analysis also add some practical, objective results for making
under control of any types of insurance risks.