According to Fitch Ratings, the rapid growth of Uzbekistan’s insurance sector is driven by high-underwriting-risk areas, which could lead to volatility in the financial results of insurance companies.
A significant impact on the growth of gross written premiums (GWP) in 2024 came from financial risk insurance, which is characterized by a...
According to Fitch Ratings, the rapid growth of Uzbekistan’s insurance sector is driven by high-underwriting-risk areas, which could lead to volatility in the financial results of insurance companies.
A significant impact on the growth of gross written premiums (GWP) in 2024 came from financial risk insurance, which is characterized by a...
In 2024, around 10 million insurance contracts were signed in Uzbekistan, according to the National Agency for Perspective Projects.
The agency reports that total insurance premiums reached 9.8 trillion soum, marking a 21% increase compared to 2023. Insurance payouts for the year amounted to 2.2 trillion soum, reflecting a 9% rise...
In 2024, around 10 million insurance contracts were signed in Uzbekistan, according to the National Agency for Perspective Projects.
The agency reports that total insurance premiums reached 9.8 trillion soum, marking a 21% increase compared to 2023. Insurance payouts for the year amounted to 2.2 trillion soum, reflecting a 9% rise...
Moody’s Ratings published an analytical report on Uzbekistan’s insurance sector.
Moody’s anticipates that the growth of insurance premiums for Uzbek insurance companies will slow down over the next 12–18 months following a phase of rapid growth. This trend is attributed to capital constraints faced by most insurers, price competition in the...
Moody’s Ratings published an analytical report on Uzbekistan’s insurance sector.
Moody’s anticipates that the growth of insurance premiums for Uzbek insurance companies will slow down over the next 12–18 months following a phase of rapid growth. This trend is attributed to capital constraints faced by most insurers, price competition in the...
The Legislative Chamber of the Parliament of Uzbekistan has conceptually reviewed and approved in the first reading a draft law that exempts insurers from paying state duty fees for claims related to mandatory insurance.
The draft law proposes amendments to the Law on State Duty, which would relieve insurers, insured persons,...
The Legislative Chamber of the Parliament of Uzbekistan has conceptually reviewed and approved in the first reading a draft law that exempts insurers from paying state duty fees for claims related to mandatory insurance.
The draft law proposes amendments to the Law on State Duty, which would relieve insurers, insured persons,...
The National Agency for Advanced Projects has imposed penalties on five insurance companies, the agency’s press service reported.
Based on the results of studying the financial indicators of insurance organisations, NAPP identified instances of non-compliance with the standards established by law and imposed fines totaling 117.5 million soum.
Among the violators are:
Semurg...
The National Agency for Advanced Projects has imposed penalties on five insurance companies, the agency’s press service reported.
Based on the results of studying the financial indicators of insurance organisations, NAPP identified instances of non-compliance with the standards established by law and imposed fines totaling 117.5 million soum.
Among the violators are:
Semurg...
