Development of the Insurance Market of Uzbekistan Based on Financial Technologies (Insurtech): Prospects and Directions

The article examines the prospects and key directions for the development of the insurance market of Uzbekistan based on the implementation of financial technologies (InsurTech). In the context of digital transformation of the financial sector, InsurTech solutions are considered an important tool for improving the operational efficiency of insurance companies, expanding insurance coverage, and enhancing insurance risk management. The study systematizes the main directions of InsurTech application in insurance activities and analyzes quantitative indicators of their implementation in the insurance market of Uzbekistan in 2024. The results indicate an increase in the share of online insurance sales, a reduction in claims settlement time, and a decrease in operational costs of insurance companies. The paper concludes that financial technologies have significant potential for the modernization of the insurance market, provided that digital infrastructure and the regulatory environment continue to be improved.