THE EMERGENCE OF THE FIRST INSURANCE ORGANIZATIONS IN THE GLOBAL ECONOMY

Authors

  • Rafiyeva Zarina Xusanovna,Murodqulov Shoxrux Teacher,Samarkand Institute of Economics and Service

Keywords:

insurance, history of insurance, insurance organizations, marine insurance, Lloyd's, risks, economic protection, Middle Ages, insurance market, legal regulation

Abstract

This paper examines the process of emergence and development of the first insurance organizations in the global economy. The article analyzes the historical background of the emergence of insurance as a form of risk protection, starting with ancient civilizations (Sumer, Babylon, Ancient Egypt) to the formation of the first professional insurance companies in Europe. Particular attention is paid to the development of marine insurance in the Middle Ages and the creation of such organizations as Lloyd's of London. It also examines the socio-economic conditions that contributed to the institutionalization of insurance activities and the formation of its legal framework. 

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References

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Insurance: principles and practice / D. Bland. Financial Academy under the Government of the Russian Federation. M .: Finance and Statistics, 2000. P. 23.

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Tokhirov A.S. On insurance during the reign of Amir Timur / A.S. Tokhirov // Insurance business. Moscow: Ankil, 2004. No. 11. P. 62-64.

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Published

2025-05-19

How to Cite

Rafiyeva Zarina Xusanovna,Murodqulov Shoxrux. (2025). THE EMERGENCE OF THE FIRST INSURANCE ORGANIZATIONS IN THE GLOBAL ECONOMY. Journal of Applied Science and Social Science, 15(05), 92–94. Retrieved from https://www.internationaljournal.co.in/index.php/jasass/article/view/1049

Issue

Vol. 15 No. 05 (2025): Journal of Applied Science and Social Science

Section

Articles

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