PROSPECTS FOR IMPROVING THE BUSINESS PLAN OF THE INSURANCE COMPANY

Abstract

The article discusses the need to develop modern effective business plans for domestic insurance companies in a market economy. Today, the insurance market in Uzbekistan is in a state o f continuous development. In particular, improving the regulatory framework o f insurance activities, expanding the types o f insurance products, raising the level o f awareness o f the population in the field o f insurance, as well as increasing the number o f insurance companies in the domestic insurance market can be a striking example o f this. In this regard, a great responsibility is imposed on insurance companies, which in turn encourages insurance companies to work on the basis o f a carefully thought-out strategy, that is, using individual business plans. This process helps not only to determine the possible level o f profitability o f the company, but also to determine the main financial and economic indicators o f the country's insurance market.