THE IMPORTANCE AND PRACTICAL CHALLENGES OF INSURANCE IN THE AGRICULTURAL SECTOR

This study examines the significance of insurance in the agricultural sector, focusing on its role in mitigating risks, ensuring financial stability, and supporting sustainable agricultural development. Agriculture is highly vulnerable to natural disasters, climate change, and market fluctuations, making insurance an essential tool for risk management. The research explores current agricultural insurance practices in Uzbekistan, identifies practical challenges, and reviews international experiences. Findings suggest that enhancing coverage, adopting innovative insurance products, and integrating digital technologies can improve the effectiveness and reliability of agricultural insurance programs.