Uzbekinvest and Etihad Credit Insurance signed a memorandum of cooperation

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19.10.2020

On October 15, Export-import insurance Company Uzbekinvest  and the state export-credit agency of the United Arab Emirates Etihad Credit Insurance (ECI) signed an agreement on insurance of export-import operations and investments between entrepreneurs of both countries.

The agreement was signed in pursuance of the agreements reached during the visit of the President of Uzbekistan Shavkat Mirziyoyev to the UAE in 2019. As a result, the countries signed an agreement on the implementation of projects worth US $ 10 billion.

The agreement between ECI and Uzbekinvest provides for:

Creation of mutual opportunities to provide insurance, reinsurance and co-insurance of exported goods, works, services and investment;

Exchange of information, experience and business practice in commercial underwriting, risk management, claims;

Organization and implementation of joint programs for staff training, exchange of experience and more.

“Uzbekistan's diverse resources and large-scale market reforms have contributed to the country's economic prosperity. Over the years, Uzbekistan has maintained strong trade relations with the UAE. This alliance is another major step in the union of the two countries. An effective exchange of solutions in cooperation with Uzbekinvest on export credits and financing will definitely contribute to the development of the business and export community of the UAE and Uzbekistan” - upon signing the agreement said Massimo Falcioni, CEO of Etihad Credit Insurance.

Within the framework of trade, economic and investment cooperation between the two countries, a joint Uzbek-Emirates investment company with an authorized capital of $ 1 billion has begun operating activities.

The implementation of projects in the fuel and energy sector and infrastructure is also expected, opportunities for further expansion of investment cooperation and industrial cooperation are being considered. In particular, the implementation of projects for the construction of a wind and solar power plant with a capacity of 500 MW and 100 MW in the Navoi region, as well as the expansion of the capacity of the Talimarjan TPP is being prepared.

The Uzbekinvest Company provided comprehensive insurance of products exported to the UAE from the automotive, electrical, chemical, textile and agricultural industries.

For nine months of 2020, comprehensive insurance support was provided to national exporters of goods, works and services against commercial risks in the amount of more than $ 1 billion in 26 countries with an increase of 198% over the same period in 2019.

The entire volume of insured exported products is non-commodity exports produced by large, joint ventures and small private enterprises.

In 2019 and 2020, Uzbekinvest signed more than 30 agreements and memorandums of cooperation and mutual understanding with export credit agencies of leading countries. These include EXIAR (Russia), NEXI (Japan), SINOSURE (China), KSure (Korea), UK Export Finance (UK), COFACE (France), SACE (Italy) and others.

For individuals

  1. MANDATORY INSURANCE OF CIVIL LIABILITY OF VEHICLE OWNERS (OSGO VTS)
  2. CASCO 2.0
  3. PROPERTY INSURANCE
  4. MY HOUSE IS MY FORTRESS
  5. VOLUNTARY HEALTH INSURANCE
  6. INSURANCE AGAINST CORONARIVUS - COVID 19
  7. INSURANCE AGAINST ACCIDENTS
  8. CARGO INSURANCE OF INDIVIDUALS
  9. INSURANCE IN CASE OF INFECTIOUS DISEASE
  10. INSURANCE POLICY OF INDIVIDUAL ENTREPRENEUR "My Business"
  11. INSURANCE OF ATHLETES AGAINST ACCIDENTS
  12. INSURANCE OF LIABILITY OF TAX CONSULTANTS
  13. REALTOR'S LIABILITY INSURANCE
  14. INSURANCE OF THE LOANER AGAINST ACCIDENTS
  15. INSURANCE OF PROFESSIONAL RESPONSIBILITY OF NOTARIES

Casco - insurance of vehicles against damage, theft or theft. When insuring for this type of policy, the policyholder receives full insurance coverage for his car.

Advantages of CASCO registration in Uzbekivest

Payment in 2 days.

Prompt payment of insurance claims from 2 banking days from the date of the statement of the insured event. All documents are accepted online through a mobile application or messenger.

Minimum restrictions.

Almost complete absence of restrictions on the payment of insurance compensation. Damaged your car by violating traffic rules? Scratched by a neighbor? A branch from a tree fell? It doesn't matter, we will indemnify for the damage in any case.

Additional services.

Evacuation of a damaged car, "sober driver" service. Technical assistance for minor car breakdowns, covering the cost of a taxi during vehicle repairs and much more completely free of charge.

  • Fire / explosion

Payment of insurance compensation in case of damage to the insured car as a result of fire or explosion.

  • Theft / hijacking

CASCO includes protection against theft, robbery, robbery or theft of the insured car by third parties.

  • Natural disasters

Elimination of the consequences of natural phenomena, such as rainstorm, flood, earthquake, hail, snowfall, etc.

  • Impact of objects

Compensation for damage in case of damage to the insured car as a result of falling branches, trees, flying objects and other objects.

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Payment of 100% of the amount of the market value of the car within the insured amount in case of complete loss of the insured car as a result of the occurrence of the above cases.

Instead of "MY FAMILY" - COVID

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COVID-19

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Benefits of obtaining insurance against coronavirus infection at Uzbekinvest

  • Protection for your loved ones.
  • Payment of compensation for illness and / or death as a result of COVID-19 illness.
  • Insurance of children against COVID-19.
  • Special reduced rate for children of preschool and school age and students under 25 years old.
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