THE DEVELOPMENT OF THE NATIONAL INSURANCE MARKET AND THE LEVEL OF INCLUSIVENESS
DOI:
https://doi.org/10.5281/zenodo.20750229Keywords:
insurance market, financial inclusion, insurance penetration, insurance density, inclusive insurance, insurance coverageAbstract
In recent years, financial inclusion has become one of the key priorities of global economic policy.
As an important segment of the financial system, the insurance market plays a significant role in protecting
households and business entities from various economic risks, mobilizing investment resources, and ensuring
economic stability. This study is devoted to assessing the overall state of development of the national insurance
market and its level of inclusiveness. Statistical analysis, comparative approaches, and econometric methods
were applied in the research. In addition, a composite index was developed to evaluate insurance inclusiveness.
The results of the study indicate that there is a significant relationship between the level of development of the
insurance market and indicators of financial inclusion. At the same time, it was revealed that insurance services
are not yet sufficiently accessible to some lower-income population groups. Based on the results of the study,
institutional and economic mechanisms aimed at improving the inclusiveness of the insurance market were
proposed.
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