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Abstract
The article examines the link between the financial literacy of Uzbekistan’s population and household demand for insurance services. The evidence base combines the OECD/INFE 2021 financial literacy survey of CIS countries, the World Bank Global Findex data (2011–2025), the 2025 survey of the Central Bank of Uzbekistan supported by the Asian Development Bank, and insurance market and national statistics for 2020–2025. By grouping knowledge questions into “everyday calculation” and “long-term and risk” items, the study measures the internal imbalance of financial literacy and computes insurance density (premiums per capita). The results show that while Uzbekistan scores above the CIS average on financial behaviour and attitudes, knowledge of compound interest and diversification — concepts that underpin the logic of insurance — remains weak, with a 21.7 percentage-point gap between the two groups. Between 2020 and 2025 insurance density rose 5.2-fold in nominal terms, yet life insurance premiums per capita amounted to only UZS 15.5 thousand in 2025, and nearly half of new contracts were compulsory motor third-party liability policies. The paper proposes embedding insurance literacy into financial education programmes, simplifying product disclosure and developing safe digital distribution channels.
References
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Copyright (c) 2026 Baxriyev, D.R. (Muallif)