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.

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.

APEX INSURANCE, the leader in the insurance market of Uzbekistan, announced record results for 2024, confirming its stability and leadership position in the insurance market, the insurer writes.

At the end of 2024, the insurance sector of Uzbekistan grew by 21.22% y-o-y and amounted to UZS 9.77 trillion (EUR 727.16 million), according to the data published by the National Agency of Prospective Projects (NAPP).

During the Tashkent Marketing Forum 2025, which took place on February 15, Uzagrosugurta received the award “For contribution to the development of online insurance in Uzbekistan in 2024”, gazeta.uz writes.

Representatives from Türkiye and Azerbaijan have expressed their readiness to share their expertise in agroinsurance with Uzbekistan and to collaborate on addressing potential challenges in this field, Trend reports.

The Ministry of Justice of the Republic of Uzbekistan has approved the procedure for determining and maintaining the rating of insurers, developed by the National Agency for Prospective Projects (NAPP). The document sets clear criteria for assessing the quality of services provided by insurance companies.

At the end of 3Q2024, the insurance sector of Uzbekistan grew by 18.64% y-o-y and amounted to UZS 7.01 trillion (EUR 494.28 million), according to data published by the National Agency for Prospective Projects of the Republic of Uzbekistan.

A draft law “On agricultural risk insurance” has been developed in Uzbekistan, which was discussed on November 25 during the presentation of proposals for food security governance, increase of cotton and cereal crop yields, gazeta.uz writes.

On November 14, the international rating agency Moody's Ratings announced in its official press release that it upgraded the financial strength rating of Uzbekinvest insurance company to Ba2 with a stable outlook, the insurer writes.

The United Nations Development Program (UNDP), in cooperation with the National Agency of Perspective Projects of the Republic of Uzbekistan (NAPP), conducted a training for the insurance market regulator and insurance sector specialists. Prof. Karel van HULLE, Professor, KU Leuven - Goethe University Frankfurt, Germany was the lector of the training.

A state health insurance system has been launched in Tashkent and Syrdarya region since October 1. The document on its introduction was signed by the President of Uzbekistan in early September, Gazeta.uz reports.

At the end of 1H2024, the insurance sector of Uzbekistan grew by 13% y-o-y and amounted to UZS 4.27 trillion (EUR 317 million), according to data published by the National Agency for Prospective Projects of the Republic of Uzbekistan.

The state health insurance system will be introduced from October 1 in Tashkent and the Syrdarya region, and from January 1, 2025 — in Karakalpakstan, Gazeta.uz reports.

GROSS insurance company is expanding its partnerships with global insurance companies and brokers. Currently, GROSS cooperates with 79 countries in the global insurance market. In 1H2024, the volume of reinsurance accepted by GROSS from foreign companies increased to 392% y-o-y, Gazeta.uz writes.

The National Agency for Prospective Projects (NAPP) of the Republic of Uzbekistan reported that from August 1, 2024, electronic registration of insurance contracts, as well as issuance of insurance policies for four types of compulsory insurance, was launched through the portal of the Unified Information System service.e-osgo.uz, the agency's website says.

At the end of 1Q2024, the insurance sector of Uzbekistan grew by 32.64% y-o-y and amounted to UZS 2,213.96 billion (EUR 162.80 million), according to data published by the National Agency for Prospective Projects of the Republic of Uzbekistan.

The National Agency for Prospective Projects (NAPP) of the Republic of Uzbekistan reported that work is underway to revise the MTPL tariffs established back in 2019, the agency said on its website.

Based on the decision of the National Agency for Prospective Projects of the Republic of Uzbekistan dated May 21, 2024, the license of NEW LIFE SUG‘URTA KOMPANIYASI for voluntary and compulsory life insurance was canceled as of May 22, 2024, the agency said in a statement.

The Gross insurance company for the third time was recognized as “Brand of the Year” by the Committee for the Development of Competition and Protection of Consumer Rights of the Republic of Uzbekistan and the Marketing Association of Uzbekistan, Gazeta.uz reports.