Following the enactment of Presidential Resolution No. PP-191 in May 2025, Uzbekistan launched its first national reinsurance entity to bolster domestic financial stability. By providing a centralized platform for managing complex risks, the organization has successfully digitized previously manual, fragmented processes. This transition enhances transparency, reduces human error, and improves audit capabilities within the insurance sector. Beyond internal improvements, the company has actively cultivated partnerships across Europe, Asia, and the CIS, facilitating better access to global markets and international expertise. This strategic development aims to decrease reliance on foreign markets while increasing the country's capacity to underwrite large-scale industrial and infrastructure projects, aligning Uzbekistan's insurance infrastructure with international standards for risk management and capital allocation.
Source : UzDaily
Photo : UzDaily
