UZBEKISTAN: TBC Uzbekistan launches online insurance and enters a new segment to expand the ecosystem

17 July 2025 — Marina MAGNAVAL
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.

TBC Sug‘urta obtained a life insurance license from the National Agency for Prospective Projects in March 2025 and began operating in April. After the first three months of operation, the company has already recorded significant results, having issued over 140,000 insurance policies, while it GWP exceeded USD 2.97 million.

“We view insurance as an integral part of the TBC ecosystem, which helps customers feel more secure and confident making their financial decisions. We will continue to develop in this direction to build a well-thought-out architecture of the digital ecosystem, where each product complements the other and increases value for customers. Insurance will be a key element of this process, helping to strengthen trust in our ecosystem”, commented Nika Kurdiani, CEO of TBC Uzbekistan.

TBC Sug‘urta was headed by Ekaterina Lotuashvili, who has 25 years of experience in insurance companies in Georgia and the UK, including Lloyd's of London, a leader on the global insurance market.

It is noted that TBC Sug‘urta will contribute to the insurance market’s development in Uzbekistan based on fully digital solutions and expansion of the insurance product line. With 19.7 million ecosystem users, high brand recognition and customer loyalty, the company aims to take a leading position in the life insurance segment and other personal insurance segments.



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