In the development of insurance in Uzbekistan, a map of the main risks of the modernized economy was drawn up. Moreover, on the basis of risk identification (risk identification), risk reduction to an acceptable level (risk control), allocation of funds for risk management (risk financing), determination of quantitative and qualitative parameters of risk (risk assessment) analysis was performed. In addition, scientific conclusions and proposals were formed on the issues of improving the quality of underwriting in the professional implementation of the processes of identification and analysis of risks offered to insurance.