ROLE OF INSURANCE COMPANIES IN PROJECT FINANCING THROUGH CAPITAL MARKET

Abstract

In the effective implementation of economic reforms in our country, it is important to organize innovative development, create a healthy investment environment, and attract institutional investors, especially, insurance companies to the economy. In this process, it is necessary to attract insurance companies not only to the real sector, but also to the capital market, to create the necessary conditions for their investment, and to develop the capital market by ensuring the participation of insurance companies. Insurance companies are active in the capital market in order to effectively use their financial resources, expand their activities, and especially maximize profits in global stock market. As a result of increasing the activity of insurance companies in the capital market, it is possible to develop the local capital market, effectively use free funds, increase investment attractiveness, and develop local enterprises as well as financing projects. It is necessary to develop the local capital market and increase the activity of institutional investors based on the study of the activities of institutional investors in the capital market of developed and developing countries. By attracting foreign institutional investors, it is possible to develop the capital market in our country, ensure the introduction of new techniques and technologies, develop the infrastructure of the capital market, and increase the activity of institutional investors in the capital market. Therefore, participation of insurance companies in project financing through securities becomes urgent.