This article examines the development of insurance services in Uzbekistan through the lens of advanced foreign experience. Insurance services are an essential component of a modern financial system because they protect households and businesses from economic shocks, mobilize long-term savings, support investment activity, and strengthen overall financial stability. In Uzbekistan, the insurance market has been developing gradually; however, its potential remains underutilized due to limited voluntary insurance demand, insufficient public trust, weak product diversification, low insurance culture, and the incomplete integration of digital technologies