📄 Abstract
This paper examines the prospects for implementing the Underwriting Strictness Index (USI) as an innovative tool for strengthening risk assessment, improving portfolio quality, and enhancing financial stability in Uzbekistans insurance market. The study explores how the USI integrates strategic alignment, documentation quality, counterparty credit ratings, financial stability indicators, and compliance with international standards such as Solvency II and IAIS principles. A comprehensive operational algorithm is proposed to guide insurers in applying the index during the underwriting process. The findings indicate that the USI can significantly reduce adverse selection, increase underwriting discipline, and enhance transparency in decision-making. Moreover, the adoption of the index supports Uzbekistans integration into global insurance markets by improving credibility, attracting international reinsurers, and fostering a more competitive and innovative insurance environment.
🏷️ Keywords
📚 How to Cite:
Ilkhom Kamilovich Madrakhimov , PROSPECTS FOR USING UNDERWRITING STRICTNESS INDEX IN THE INNOVATIVE DEVELOPMENT OF UZBEKISTAN'S INSURANCE MARKET , Volume 12 , Issue 11, November 2025, EPRA International Journal of Economics, Business and Management Studies (EBMS) ,