This work is licensed under a Creative Commons Attribution 4.0 International License.
Analysis of Issues in Improving the Compensation Payment Mechanism under Compulsory Insurance for Civil Liability of Vehicle Owners: Uzbekistan and Global Experiences
American Journal of Economics and Business Management,
Vol. 7 No. 12 (2024): December
Abstract
This article examines the compensation mechanisms under compulsory civil liability insurance for vehicle owners, focusing on the legislation and practices in Uzbekistan and comparing them with international standards. The aim is to identify challenges and opportunities for optimizing these mechanisms to ensure prompt and fair compensation for third-party damages caused by traffic incidents. The methodology includes a comparative analysis of Uzbekistan’s legal framework and case studies with selected countries known for their effective insurance practices. Key findings reveal several inefficiencies in the existing system, including procedural delays, limited claim coverage, and administrative challenges that hinder timely compensation. The study concludes with recommendations for enhancing the compensation process through legislative reforms, adopting best practices, and leveraging technology for better claim processing. Optimising these mechanisms is critical for increasing policyholder confidence, improving insurer accountability, and aligning Uzbekistan’s insurance practices with global standards.
Keywords
Download Citation
Endnote/Zotero/Mendeley (RIS)BibTeX
- Bundesanstalt für Finanzdienstleistungsaufsicht. (2020). Digital transformation in the German insurance sector. Retrieved from
- Jones, P. (2021). The role of independent dispute resolution in insurance markets. Journal of Consumer Protection and Policy, 12(3), 214-229.
- Karimov, R., & Nasriddinov, B. (2022). Challenges in Uzbekistan's civil liability insurance system for vehicle owners. Tashkent: Uzbekistan Academy of Sciences.
- Müller, H., & Schmidt, K. (2018). Streamlining insurance claims: The impact of digitalization on efficiency in Germany. European Journal of Insurance Studies, 25(2), 145-160.
- OECD. (2021). Global trends in vehicle insurance: Automation, coverage, and consumer protection. OECD Publishing. Retrieved from
- Smith, A. (2019). Consumer trust and transparency: The UK Financial Ombudsman Service as a model for dispute resolution. International Journal of Insurance and Law, 7(1), 45-61.
- Tanaka, Y. (2019). Comprehensive coverage policies in Japan: An analysis of high-limit insurance for vehicle accidents. Tokyo: Japan Institute for Insurance Studies.
- Wilson, J. (2019). The importance of civil liability insurance for road safety and financial security. Insurance Policy and Practice, 10(2), 78-94.
- Zokirov, T. (2017). An overview of compulsory insurance in Uzbekistan. Journal of Central Asian Law, 3(4), 23-36.
- Lex.uz. (2024). Law on Compulsory Insurance of Civil Liability of Vehicle Owners. Retrieved from
- Palvanov, I. T. (2023). Experience of foreign countries regarding the civil legal regulation of compulsory professional liability insurance. International Journal of Law and Criminology, 3(05), 24-31.
- Anisimov, A. P., Injieva, B., & Ryzhenkov, A. (2023). Environmental insurance in the mechanism of environmental protection in Russia: How to improve its efficiency with the help of law? Journal of Property, Planning and Environmental Law, 15(3), 130-151.
- Kuldashev, K. M. (2018). The insurance market of Uzbekistan and the need for mutual insurance companies. Дайджест-финансы, 23(2), 221-229.
- Boltaev, M. S. (2021). Problems of the use of compulsory health insurance. International Journal of Multicultural and Multireligious Understanding, 8(10), 489-495.
- Goyibbaevich, S. A. (2023). Insurance in Uzbekistan: Experience and practice. Asian Journal of Technology & Management Research (AJTMR), 2249(0892).
- Craik, N. (2022, April). Insurance and compensation fund design for deep-seabed liability: Lessons from existing civil liability regimes. In The United Nations Convention on the Law of the Sea, Part XI Regime and the International Seabed Authority: A Twenty-Five Year Journey (pp. 273-300). Brill Nijhoff.
References
Bundesanstalt für Finanzdienstleistungsaufsicht. (2020). Digital transformation in the German insurance sector. Retrieved from
Jones, P. (2021). The role of independent dispute resolution in insurance markets. Journal of Consumer Protection and Policy, 12(3), 214-229.
Karimov, R., & Nasriddinov, B. (2022). Challenges in Uzbekistan's civil liability insurance system for vehicle owners. Tashkent: Uzbekistan Academy of Sciences.
Müller, H., & Schmidt, K. (2018). Streamlining insurance claims: The impact of digitalization on efficiency in Germany. European Journal of Insurance Studies, 25(2), 145-160.
OECD. (2021). Global trends in vehicle insurance: Automation, coverage, and consumer protection. OECD Publishing. Retrieved from
Smith, A. (2019). Consumer trust and transparency: The UK Financial Ombudsman Service as a model for dispute resolution. International Journal of Insurance and Law, 7(1), 45-61.
Tanaka, Y. (2019). Comprehensive coverage policies in Japan: An analysis of high-limit insurance for vehicle accidents. Tokyo: Japan Institute for Insurance Studies.
Wilson, J. (2019). The importance of civil liability insurance for road safety and financial security. Insurance Policy and Practice, 10(2), 78-94.
Zokirov, T. (2017). An overview of compulsory insurance in Uzbekistan. Journal of Central Asian Law, 3(4), 23-36.
Lex.uz. (2024). Law on Compulsory Insurance of Civil Liability of Vehicle Owners. Retrieved from
Palvanov, I. T. (2023). Experience of foreign countries regarding the civil legal regulation of compulsory professional liability insurance. International Journal of Law and Criminology, 3(05), 24-31.
Anisimov, A. P., Injieva, B., & Ryzhenkov, A. (2023). Environmental insurance in the mechanism of environmental protection in Russia: How to improve its efficiency with the help of law? Journal of Property, Planning and Environmental Law, 15(3), 130-151.
Kuldashev, K. M. (2018). The insurance market of Uzbekistan and the need for mutual insurance companies. Дайджест-финансы, 23(2), 221-229.
Boltaev, M. S. (2021). Problems of the use of compulsory health insurance. International Journal of Multicultural and Multireligious Understanding, 8(10), 489-495.
Goyibbaevich, S. A. (2023). Insurance in Uzbekistan: Experience and practice. Asian Journal of Technology & Management Research (AJTMR), 2249(0892).
Craik, N. (2022, April). Insurance and compensation fund design for deep-seabed liability: Lessons from existing civil liability regimes. In The United Nations Convention on the Law of the Sea, Part XI Regime and the International Seabed Authority: A Twenty-Five Year Journey (pp. 273-300). Brill Nijhoff.