THE HISTORICAL DEVELOPMENT OF THE INSURANCE MECHANISM FOR COLLATERAL PROPERTY IN ONLINE LENDING

Abstract

This article explores the historical development of the insurance mechanism for collateral property used in online lending. It analyzes the stages of formation and evolution of property insurance in credit processes, its role in reducing financial risk, and its significance in ensuring economic stability. The study also highlights how digitalization has influenced insurance mechanisms in lending practices. Furthermore, based on international experience, the article provides recommendations for improving this system in Uzbekistan.