THE ROLE OF INSURANCE IN ENSURING SOCIAL PROTECTION

Insurance serves as a critical tool for ensuring social protection by providing financial security against life, health, property, and income-related risks. It contributes to the stability of households, reduces vulnerability, and promotes sustainable economic development. This study analyzes the role of insurance in supporting social protection systems in Uzbekistan and internationally. The research evaluates the impact of life insurance, health insurance, and social risk coverage programs on vulnerable populations. Data from national statistics, insurance reports, and international sources were analyzed to assess coverage, efficiency, and accessibility. The findings indicate that well-designed insurance mechanisms enhance social resilience, increase public trust, and reduce poverty risks. Challenges such as low awareness, limited coverage, and insufficient regulatory frameworks constrain their effectiveness. Recommendations are proposed to expand social insurance coverage, improve accessibility, and integrate innovative solutions.