Insurance and Risk Management

01.11.2024

Uzbek Insurance companies face growth slowdown and profit pressure

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...

19.09.2024

Uzbekistan waives state duty fees for insurance claims

 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,...

19.08.2024

Uzbek National Agency for Prospective Projects fines five insurance companies 117 million UZS

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...

30.07.2024

Uzbekistan introduces social insurance system

A draft law on State Social Insurance has been developed in Uzbekistan.

At a recent meeting of the faction of the People’s Democratic Party of Uzbekistan (PDPU) in the Legislative Chamber of the Parliament, deputies discussed the proposed document.

It was noted that benefits for temporary disability and maternity leave (maternity benefits)...

A draft law on State Social Insurance has been developed in Uzbekistan.

At a recent meeting of the faction of the People’s Democratic Party of Uzbekistan (PDPU) in the Legislative Chamber of the Parliament, deputies discussed the proposed document.

It was noted that benefits for temporary disability and maternity leave (maternity benefits)...

31.05.2024

Insurance companies of Uzbekistan collect premiums worth 2.21 trillion soum in Q1

In the first quarter of 2024, insurance companies in Uzbekistan collected premiums worth 2.21 trillion soum, according to data from the National Agency for Prospective Projects (NAPP).

Today, there are 30 general insurance companies and 5 life insurance enterprises operating in the Uzbekistan market.

At the end of the first quarter of...

In the first quarter of 2024, insurance companies in Uzbekistan collected premiums worth 2.21 trillion soum, according to data from the National Agency for Prospective Projects (NAPP).

Today, there are 30 general insurance companies and 5 life insurance enterprises operating in the Uzbekistan market.

At the end of the first quarter of...


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