THE ROLE OF GREEN INSURANCE IN ADVANCING SUSTAINABLE FINANCE IN UZBEKISTAN

Abstract

This article analyzes the need to develop the green insurance  market in Uzbekistan and its significance within the sustainable financing 
system on the basis of statistical data. The study examines insurance premiums, insurance claims, insurers’ investment portfolios, agricultural insurance subsidies, and green financing instruments for 2023-2025. The findings show that the insurance market expanded from 8.1 trillion soums in 2023 to 13.5 trillion soums in 2025, while insurers’ investments reached 9.6 trillion soums. At the same time, climate change, water scarcity, drought, and agricultural sector risks are increasing the need for green insurance products. The article 
proposes that green insurance should be considered not only as an ecological product, but also as a mechanism for financial  anagement of climate risks, protection of green investments, and deepening of sustainable financing.