Bancassurance and ways of its development in the conditions of innovative economy

The article examines the current state, development prospects and factors of interaction between commercial banks and insurance companies in the conditions of an innovative economy. One of the most important areas of the financial system of Uzbekistan shows the shortcomings of the relationship between insurance companies and commercial banks. Problems of strengthening the relationship between them and also reform and development. It was noted that bank insurance is one of the main components of the public finance system. The article gave recommendations, comments based on international experience.During the reporting period, the necessary infrastructure in the field of science and technology formed a certain intellectual and technological potential. Despite the existence of an extensive economic literature on the consideration of various aspects of the development of banc assurance, a number of issues need further study. In fact, these financial institutions should streamline and regulate a single system. These regulators should not interfere with each other.