Uzbekistan
UZBEKISTAN: Agricultural Insurance Fund to be created
An Agricultural Insurance Fund will be created in Uzbekistan to protect producers from natural and man-made risks, uzdaily reports, citing a government statement.
3 December 2025STATISTICS: UZBEKISTAN, 3Q2025: Non-life insurance dominates the market, generating over 94% of premiums
In 9M2025, Uzbekistan's insurance sector grew by 39.63% year-on-year to reach UZS 9.79 trillion (EUR 692.58 million), according to data published by the National Agency for Prospective Projects of the Republic of Uzbekistan.
25 November 2025UZBEKISTAN: SNS RATINGS expects O‘ZBEKINVEST to improve its business scale and strengthen its position and share in the insurance market
This fall, SNS RATINGS agency officially announced assignment of the highest solvency and reliability rating of AAA to O‘ZBEKINVEST, a top-three non-life insurer, with a stable outlook, according to the insurance company.
18 November 2025UZBEKISTAN: A meeting of insurance and reinsurance leaders in Asia will be held in Tashkent on November 20
INSUR Asia, a meeting of insurance and reinsurance leaders in Asia, will be held as part of the FINNEXT Asia International Forum of Financial Innovations in Tashkent on November 20, 2025.
27 October 2025UZBEKISTAN: O‘ZBEKINVEST demonstrates significant growth in key financial indicators in 9M2025
In the first 9 months of 2025, GWP of O‘ZBEKINVEST, a top-three non-life insurer, achieved UZS 1,178 billion (~EUR 83.31 million), which indicates a 145% increase year-on-year, according to gazeta.uz.
22 October 2025UZBEKISTAN: The market rises 28% y-o-y from January to August
According to the National Statistics Committee, Uzbeks spent UZS 7.7 trillion (~EUR 0.53 billion) on insurance from January to August 2025, which is UZS 1.7 trillion more than in the same period last year.
22 October 2025STATISTICS: UZBEKISTAN, 1H2025: the market rises by 46% y-o-y
In the first half of 2025, the insurance sector of Uzbekistan grew by 46.03% y-o-y and amounted to UZS 6.23 trillion (EUR 420.76 million), according to data published by the National Agency for Prospective Projects of the Republic of Uzbekistan.
2 September 2025UZBEKISTAN: A draft law on the insurance market development adopted in first reading
A draft law aimed at further development of the insurance market has been reviewed and adopted in the first reading in Uzbekistan, uzdaily.uz writes.
21 August 2025UZBEKISTAN: O‘ZAGROSUG‘URTA recorded stable development from January to July
One of the leading insurance market participants in Uzbekistan, O‘ZAGROSUG‘URTA paid out UZS 27 billion (~EUR 1.88 million) for 1,438 insurance cases in the first seven months of this year, gazeta.uz writes.
11 August 2025UZBEKISTAN: the maximum MTPL coverage amount will double starting January 1, 2026
Starting from January 1, 2026, the maximum MTPL coverage amount in Uzbekistan will double – from the current UZS 40 million (~EUR 2,800) to UZS 80 million (~EUR 5,550). Additionally, a Unified Insurance Billing System will be introduced on April 1, 2026, kun.uz writes.
5 August 2025UZBEKISTAN: TBC Uzbekistan launches online insurance and enters a new segment to expand the ecosystem
TBC Uzbekistan, the first digital bank in Uzbekistan, launches online insurance and enters a new segment. Creation of its own insurance company TBC Sug‘urta is an important step that opens up insurance for TBC Uzbekistan and strengthens synergy between all products of the ecosystem, TBC Uzbekistan reports.
17 July 2025UZBEKISTAN: Moody's Ratings raises Uzbekinvest rating outlook to Ba2 – positive
On June 16, 2025, the international rating agency Moody's Ratings officially announced an upgrade of the financial strength rating outlook of Uzbekinvest to Ba2 - positive, the insurer writes on its website.
25 June 2025UZBEKISTAN: National reinsurance company to be created in Uzbekistan
A national reinsurance company, O‘zbekiston qayta sug‘urta kompaniyasi, will be created in Uzbekistan. The President of Uzbekistan has signed a corresponding decree, uzdaily.uz reports.
2 June 2025UZBEKISTAN: APEX INSURANCE ranks first in insurance companies rating
The National Agency for Prospective Projects (NAPP) has published a rating of insurance organizations of Uzbekistan, in which APEX INSURANCE ranks first with the highest quality rating - AAA and a final score of 115.
2 June 2025UZBEKISTAN: A.M. Best affirmed Uzbekinvest's financial strength rating at B and long-term issuer credit rating at bb
In May 2025, the international rating agency A.M. Best affirmed Uzbekinvest's financial strength rating (FSR) at B and long-term issuer credit rating (ICR) at bb, with a “Stable” outlook for both ratings, the insurer announced on its website.
29 May 2025STATISTICS: UZBEKISTAN, 1Q2025: market grew by almost 19% y-o-y
In 1Q2025, the insurance sector of Uzbekistan grew by 18.81% y-o-y and amounted to UZS 2.63 trillion (EUR 189.12 million), according to data published by the National Agency for Prospective Projects of the Republic of Uzbekistan.
29 May 2025UZBEKISTAN: Uzbekistan is adopting the Azerbaijani model in agroinsurance
Uzbekistan is adopting the Azerbaijani model of agroinsurance, as Botir Usmonaliev, a representative of the Ministry of Economy and Finance of Uzbekistan, said during a panel session on "Prospects for the Development of the Agricultural Insurance System: Azerbaijan's Experience, Challenges and International Practice" at the II International Forum of Agricultural Innovations in Baku, Trend reports.
21 May 2025UZBEKISTAN: In 2024, GROSS ranked first among insurance companies in terms of the number of settled claims
In 2024, GROSS insurance company settled a quarter of all insurance cases in Uzbekistan, according to the report of the National Agency for Prospective Projects (NAPP) “Indicators of the insurance market of the Republic of Uzbekistan in 2024”.
28 April 2025UZBEKISTAN: Law “On agricultural risk insurance” adopted
The President of Uzbekistan has signed the Law “On agricultural risk insurance”, which provides for conclusion of agroinsurance contracts for one or more risks when producing agricultural products, APK-Inform writes.
22 April 2025UZBEKISTAN: Financial risk insurance has tripled in 3 years, significantly outpacing overall market growth
In recent years, financial risk insurance and property insurance have become increasingly important in the structure of the insurance market of Uzbekistan, which is facilitated by growing inward reinsurance. At the same time, life insurance has sharply decreased after abolition of tax incentives in 2023: its share fell from 25% in 2022 to only 2% in 2024, uzdaily.uz writes.
22 April 2025
