ECONOMIC MECHANISMS FOR INSURING LARGE NATURAL DISASTERS AND TECHNOGENIC RISKS

This article explores the economic mechanisms for insuring large-scale natural disasters and technogenic risks. The study analyzes risk-sharing models, reinsurance arrangements, catastrophe bonds, and government-backed insurance schemes to ensure financial stability and resilience in the face of high-impact events. Emphasis is placed on evaluating international best practices and their applicability to emerging markets, including Uzbekistan. The research highlights the importance of combining public and private sector participation, risk pooling, and innovative financial instruments to manage catastrophic risks effectively. The findings aim to provide policymakers, insurers, and stakeholders with practical recommendations for improving the sustainability and efficiency of disaster risk insurance systems.