Strategies for Enhancing Innovation in the Insurance Industry Through Digital Transformation

In the world, digital transformation and the development of innovative technologies, the increase in the number of organizations with a competitive advantage in the global economy, the solution of cybersecurity problems in global economic relations, and the development of qualitative indicators are of paramount importance in increasing the efficiency of the insurance sector and insurance organizations. The insurance market of Uzbekistan is considered one of the links of the rapidly developing national economy, and insurance organizations are the main component of this market. In the process of transforming the national economy into a digital economy in Uzbekistan, it is advisable to improve the innovative activities of the insurance market and insurance organizations. This article is aligned with the priority direction of science and technology development in the republic. Recommendations are provided to enhance insurance industry in the context of digital transformation and to improve the level implementation of developments in this sector.