INSTITUTIONAL AND ECONOMIC ASPECTS OF TOURISM INSURANCE DEVELOPMENT IN UZBEKISTAN

Abstract

This article emphasizes the necessity of tourism insurance to bolster the growth of the nation’s burgeoning tourism sector. Individuals traveling abroad consistently acquire insurance, whereas those traveling domestically often lack awareness or sufficient use of it. Employing qualitative descriptive approaches along with document and case analyses, the research examines official statistics, governmental policies, and industry reports to understand the current state of the tourism insurance market. The evidence shows that despite the variety of insurance products on the market, only a limited number of travelers in the country utilize insurance due to insufficient public awareness, limited options, and intense competition among tour operators. The information indicates that enhancing understanding of insurance, expanding the variety of insurance options, and revising regulations are essential measures for improved risk management and ongoing development of the Uzbek tourism sector. The researchers discovered that addressing these risks will safeguard travelers and contribute to the establishment of a strong national tourism sector, allowing for future solutions through additional research and advancements.