This article examines the role of insurance in providing social protection. It analyzes how insurance mechanisms, including life, health, and property insurance, contribute to reducing social risks, stabilizing household incomes, and supporting vulnerable populations. The study also explores the interaction between government social protection programs and private insurance, identifying areas where insurance can complement public efforts. Challenges such as low public awareness, limited insurance coverage, and regulatory constraints are discussed, and recommendations are provided to enhance the effectiveness of insurance in achieving social protection goals.

Insurance; social protection; risk management; vulnerable populations; public-private partnership; social security; household income stabilization; Uzbekistan.

Axmedov, B. (2020). Economic Foundations of Long-Term Life Insurance in Uzbekistan. Tashkent: Iqtisodiyot Publishing.

Ergashev, S. (2019). Life Insurance and Capital Formation: The Experience of Uzbekistan. Tashkent: Financial Research Center.

Islomov, R. (2021). Long-Term Investment Strategies in Insurance Companies. Tashkent: Uzbekistan Finance University Publishing.

Karimov, T. (2018). Financial Stability and Strategies in the Life Insurance Market. Tashkent: Journal of Economics and Finance, 3(4), 34–42.

Mamatov, F. (2022). Development and Challenges of Long-Term Life Insurance in Uzbekistan. Tashkent: Journal of Financial Innovations, 2(1), 15–24.

Outreville, J. F. (2013). Theory and Practice of Insurance. Springer.

Cummins, J. D., & Weiss, M. A. (2014). Insurance and Risk Management: Principles and Practices. Journal of Risk and Insurance, 81(3), 489–528.

Lusardi, A., & Mitchell, O. S. (2014). The Economic Importance of Financial Literacy: Theory and Evidence. Journal of Economic Literature, 52(1), 5–44.

Tursunov, H. (2019). Strategies for Implementing Long-Term Life Insurance in the Uzbekistan Market. Tashkent: Banking and Finance Institute Publishing.