Location
Export-Import Insurance Company Uzbekinvest operates in the field of “General Insurance” and provides services in all 17 insurance classes according to insurance business classification.
Date of Establishment:
Uzbekinvest Insurance Company was established according to the Decree of the President of the Republic of Uzbekistan N UP 745 dated by 21st January 1994 in April, 1994 and Resolution of the Cabinet of Ministers of the Republic of Uzbekistan N 206 dated by 13th April 1994.
Reorganized into Uzbekinvest National Export-Import Insurance Company with status of the official state agent in export credit and investments insurance according to Decree of the President of the Republic of Uzbekistan N UP 1710 dated by 18th February 1997 and Resolution of the Cabinet of Ministers of the Republic of Uzbekistan N 113 dated by 28th February 1997.
On July 1, 2020 according to the Decree of the President of the Republic of Uzbekistan "On measures to expand the mechanisms of financing and insurance protection of export activities" and in accordance with the Decree of the Cabinet of Ministers of the Republic of Uzbekistan "On measures to further improve the activities of Uzbekinvest, the company was transformed into a joint stock company.
Share Capital: 296,3 billion soums.
Shareholders of the Company:
Ministry of Investment, Industry and Trade of the Republic of Uzbekistan (79.37%);
The State Assets Management Agency of the Republic of Uzbekistan (15.87%);
Other legal entities and individuals (4.76%).
Mission of the Company: to contribute to development of insurance sector of Uzbekistan by providing high quality insurance services at reasonable prices.
Company’s Objectives:
- providing comprehensive insurance protection for economic interests of the national exporters abroad against political, commercial and entrepreneurial risks preventing foreign partners from fulfilling obligations taken;
- providing insurance guarantees to commercial banks – residents of Republic of Uzbekistan - providing credits for financing export of technologies, goods and services in accordance with international principles of export credit insurance;
- providing comprehensive insurance protection for property and individual interests of foreign investors investing into economy of the Republic of Uzbekistan;
- developing direct cooperation with the international, foreign, and national state and private insurance companies and carrying out mutual insurance activity and reinsurance operations.
Working Order:
Monday-Friday, 9:00 to 18:00
Saturday-Sunday – rest days
Company’s Infrastructure:
Head office;
14 territorial branches in Tashkent city, in all regions of the republic and in the Republic of Karakalpakstan;
200 district divisions by the Republic, including 26 city divisions;
More than 800 insurance agents.
Specialized subsidiaries:
- Uzbekinvest International Insurance Company
The company for insurance foreign investments into Republic of Uzbekistan against political risks
- Uzbekinvest Assistance Ltd
Medical and legal assistance service
- Uzbekinvest Sarmoyalari Investment Company
Investment activities
- Uzbekinvest Hayot Insurance Company Ltd.
Life insurance Company
Advantages and development perspectives:
Uzbekinvest is the leading insurance company in the market taking over last years insurers’ rating headlines by insurance premium gathered.
In 2016 Uzbekinvest was the first company in Uzbekistan, which has passed re-certification and received certificate of its quality management system’s conformity with the new ISO 9001:2015 standards issued by the SGS international certification body (Switzerland).
On April 26, the international rating agency A.M. Best Company Inc. in the United States officially announced an increase in the financial stability rating of the insurance company Uzbekinvest to BB level with a Stable rating Outlook. “Uzbekinvest” is the first and only organization in Uzbekistan to receive an international rating from this Agency.
On November 14, 2024, the international rating agency Moody's Ratings (USA), one of the big three international rating agencies, issued an official press release in which it announced an increase in the financial stability rating of the insurance company Uzbekinvest to the level of Ba2 with a "Stable” rating outlook, which is the highest indicator among the structures of the banking and financial sector of Uzbekistan.
In August 2023, the Ahbor-Reyting rating agency assigned the export-import insurance company Uzbekinvest the highest solvency rating on the national scale at the level of “uzA++” with a “stable” outlook.
There is well-organized team of experts in Uzbekinvest who guarantee their clients:
- Optimal combination of price and quality of insurance protection;
- Strict observance of liabilities and efficiency of actions;
- Individual approach to requests and needs of each client;
- Modern insurance technologies and various insurance programs;
- Service by international quality standards and flexible insurance rates.
The further growth strategy of the Company is aimed at strengthening market positions in the corporate and retail sectors, introducing new modern insurance products and programs, developing information technologies in insurance activities, as well as continuously improving the sales process and post-sales services in accordance with the needs of customers.