Khaliqnazarova Gulnaz Jalgasbay qizi
PhD student of Tashkent State University of Economics
xaliqnazarovagulnazz@gmail.com
ORCID:0009-0002-0877-015Х
Abstract. This study examines the development of liability accounting in insurance companies based on international financial reporting standards, particularly IFRS 17, with reference to Uzbekistan’s regulatory framework. It highlights the transition from traditional accounting methods to current value-based measurement, including risk adjustments and contractual service margins. Furthermore, the role of national legislation and presidential reforms in supporting the adoption of international standards is analyzed. The findings show that modern approaches improve transparency, comparability, and financial stability, despite implementation challenges.
Keywords: liability accounting; insurance companies; IFRS 17; international financial reporting standards; insurance liabilities.