On 31 October, the National Export Import Insurance Company Uzbekinvest held a meeting with students of the Management Development Institute of Singapore (MDIS) in Tashkent. The event saw the leadership of Uzbekinvest, heads of departments, students of the institute studying in different directions, and professors.

One of the main factors determining the status of insurance companies, is the efficient processing of customer claims in the event of accidents, timely payment of insurance compensations.

Operational and qualitative consideration of insurance claims and timely payment of insurance compensations is one of the priorities of the National Export Import Insurance company "Uzbekinvest".

Operational and qualitative consideration of insurance claims and timely payment of insurance compensations is one of the priorities of the National Export Import Insurance company "Uzbekinvest".

Representatives of NEIIC Uzbekinvest talked about insurance services provided by the company during the press conference. During the first half of 2017, the company provided 45 projects included in the Republican investment program with insurance protection for total sum of 10 trillion soums. The participants talked about the problems of the insurance industry.

Insurance market of our country shows a high growth rate. One of the leading companies in this industry, which makes a significant contribution to its development, is National Export-Import Insurance Company "Uzbekinvest". The company's branches offer various types of services throughout the country. One of the most popular types is vehicle insurance. According to information provided by the insurance company, 58,442 insurance policies were sold for the first half of this year.

The National Export-Import Insurance Company "Uzbekinvest" in cooperation with the Association of Professional Participants of the Insurance Market of Uzbekistan implemented the "Credit Insurance" service, which allows banks to insure themselves against the threat of non-repayment of loans allocated to dehkan farms and owners of household plots.

The Executive Committee of the National Export Import Insurance Company Uzbekinvest held a meeting dedicated to the results of the first quarter of 2017. It brought together members of the executive committee, heads of regional branches and subsidiaries of the company.

National Export-Import Insurance Company Uzbekinvest held a meeting with representatives of branches located in the city of Tashkent and Tashkent region. They discussed the law of the Republic of Uzbekistan "On appeals of individuals and legal entities", the order of submitting appeals to state bodies and the company "Uzbekinvest".

Jizzak’s office of Uzbekinvest, an export-import insurance company, organised a seminar to explain the Law ‘On Compulsory Insurance of Carriers’ Civil Liability’ and the Cabinet Resolution ‘On Measures for Implementation of the Law of the Republic of Uzbekistan ‘On Compulsory Insurance of Carriers’ Civil Liability’. ’

It was joined by the regional khokimiyat, road safety directorate, carriers, media, and citizens.

Uzbekinvest, the national export-import insurer and one of the leading insurance companies, held a press conference summing up 2016 and setting course for 2017.

In 2016, the company improved service quality and mobilised regional offices. It continued training its staff, developing cooperation both nationally and internationally, and studying client demands.

Uzbekinvest said its 88 Investment Programme Projects covered insurance worth 17.5 trillion soums. The indicator grew by 8.5% compared to last year.

A meeting of the Executive Committee of "Uzbekinvest" National Export-Import Insurance Company devoted to the results of the company in 2016 passed in the capital. It was noted along with other things that the company achieved positive results in improving the quality of insurance services, revitalization of the regional branches and departments during the reporting period. As before, considerable attention was paid to improving human capacity, development of national and international cooperation, careful study of demand and customers' needs.

The Executive Committee of the National Export Import Insurance Company "Uzbekinvest" held a meeting, during which it summed up the results of the company's activity for the first half of 2016. The meeting was attended by members of the Executive Committee, heads of regional branches and subsidiaries.

The IX Tashkent International Insurance and Reinsurance Forum and the VIII Tashkent International Leasing Forum were held in Tashkent.

"Information-Rating Agency SAIPRO" following the results of 2015 confirmed NEIIC Uzbekinvest's rating at "uzA++" (Excellent financial reliability).

The capital hosted a meeting of the Executive Committee of the National Export-Import Insurance Company "Uzbekinvest", dedicated to the results of its operations over the first quarter of 2016. It was noted that during the period under review the company has achieved positive results in improving the quality of insurance services, the revitalization of the territorial branches and departments.

In order to improve the quality of services under export contracts, the National Export-Import Insurance Company "Uzbekinvest" organized a seminar on the theme "Insurance of export-import operations".

The event brought together the specialists of the Central apparatus of the company and employees of regional branches, responsible for the insurance of export contracts.

The new edition of the Law of the Republic of Uzbekistan "On medicines and pharmaceutical activity" entered into force on 5 January of the current year. In accordance with article 10 of this Act "Before starting clinical studies of a drug, a treatment facility conducting the research, or the legal entity, who conducts the research of a pharmacological or medicinal product, is obliged to conclude an insurance contract of civil liability for causing harm to the life or health of the patient".

In the course of a press conference that took place in the capital the National Export-Import Insurance Company "Uzbekinvest" was awarded international and national certificates of conformity of quality management system with the requirements of the new version of the International Standard ISO 9001: 2015.

On 25 March, the National Export-Import Insurance Company "Uzbekinvest" held a training seminar on "Organization of effective work of insurance offices and agent network" for the Directors of the territorial branches of the company.

The management and heads of structural divisions of «Uzbekinvest», the directors of territorial affiliates, employees of the branch in Bukhara region, representatives of the media attended the event that took place in Bukhara.

In the "Year of a healthy mother and child" "Uzbekinvest" National Export-Import Insurance Company has developed a new insurance product "Ona va bola sogligi". It aims to provide insurance protection of life and health of the mother and her minor child.

A press conference organized by the "Uzbekinvest" National Export-Import Insurance Company took place in the capital. During the event, representatives of the company spoke about the services provided under voluntary and compulsory types of insurance to further improve the quality of insurance services and work carried out on the popularization of insurance services.

National export-import insurance company "Uzbekinvest" has become the first among the enterprises of Uzbekistan who passed the re-certification of the quality management system (QMS) according to the new version of ISO 9001:2015. QMS re-certification was conducted by international certification body SGS (Switzerland). SGS is the world's leader in inspection, verification, testing and certification.

Information and advisory groups started to operate at the Central office and territorial branches of the National export-import insurance company "Uzbekinvest".

On January 28-29, 2016, the National Export-Import Insurance Company "Uzbekinvest" held a seminar for directors and chief accountants of territorial branches and subsidiaries of the company.

The coordination of structural subdivisions on insurance, accounting and reporting, and their cooperation were discussed during the seminar.

The National export-import insurance company "Uzbekinvest" held a round table devoted to discussion of the work done in the country in the framework of the State program "Year of attention and care for the older generation".

21 December 2015, the Ministry of Finance, State Tax Committee, State Committee on privatization, demonopolization and development of competition adopted a joint Decree "On amendments to the Regulation on the procedure for application of penalties to insurers for violation of the legislation on insurance activity".

In connection with the announcement of 2015 the "Year of attention and care for the older generation" the company "Uzbekinvest" had worked out an action plan to ensure execution of the relevant paragraphs of the State program. According to this plan, appropriate measures had been taken by the company in the Tashkent city, as well as in all areas of the country, aimed at moral and financial support of veterans of war and labor.

National export-import insurance company "Uzbekinvest" actively works on the implementation and development of information and communication technologies in their activity. In particular, the potential and existing clients can now order and pay for an insurance policy using a mobile application that works on operating systems Android and IOS.

"Uzbekinvest" National Export-Import Insurance Company held a seminar. The main issue on the agenda was an explanation of the norms and essence of the Resolution of the Cabinet of Ministers "On measures to implement the Law of the Republic of Uzbekistan "On compulsory insurance of civil liability of the carrier".

The Executive Committee of the National Export-Import Insurance Company “Uzbekinvest” held an enlarged session on the results of activity for 9 months of 2015. The members of the Executive Committee, heads of territorial branches and subsidiaries attended the session.

November 5, International rating Agency Moody's Investors Services Ltd. (UK) has raised the financial strength rating of NEIIC Uzbekinvest to Ba3 with a Stable Outlook.

In Uzbekistan, special attention is paid to the development of the insurance sphere, including compulsory insurance. There are several types of compulsory insurance today in the republic. One of the most popular among them is the compulsory insurance of civil liability of vehicle owners. In particular, Uzbekinvest National Export-Import Insurance Company is active in the provision of services under this type of insurance.

There is always a risk of injury and occupational diseases in the process of production and any employee can get in such a situation. It is gratifying that our country, especially insurance companies, pay special attention to this issue. In particular, the number of contracts signed between "Uzbekinvest" national export-import insurance company and employers is significantly increasing.

National Export-Import Insurance Company “Uzbekinvest” with a purpose of creating conveniences for its customers conducts consistent work on expanding the geography of its activity through opening new insurance offices. In particular, in August of this year the company opened three new offices in Sergeli, Shayhantahur and Mirzo-Ulugbek districts of the city.

The National Export-Import Insurance Company "Uzbekinvest" hosted a seminar on the Law of the Republic of Uzbekistan "On compulsory insurance of civil liability of the carrier".

The event was attended by deputies of the Legislative Chamber of Oliy Majlis, specialists of "Uzbekinvest", representatives of other companies authorized to engage in obligatory types of insurance, as well as employees of organizations and enterprises engaged in the transportation of passengers in the country.

The Resolution of the Cabinet of Ministers has approved measures on the execution of the Law of the Republic of Uzbekistan "On compulsory insurance of civil liability of the carrier".

Ensuring dynamic development of life and health insurance is a priority for IC "O zbekinvest Hayot". Hereby particular importance is given to expanding the client base in the regions.

According to the results of 7 months of 2015, premiums received from legal and physical persons exceeded 11.55 billion soums, providing a 125% increase compared to the same period of 2014.

One of the most important indicators of an insurance company is its ability to timely and complete fulfill assumed obligations. This is especially significant for personal insurance, acting as one of the methods to improve social protection. IC "O zbekinvest Hayot", which is focused in the provision of services for life insurance and health makes insurance payments on the products of both industries.

International rating agency «Moody's Investors Service Ltd.» (UK) has once again confirmed the international rating of financial stability of the National Export-Import Insurance Company "Uzbekinvest" at level B1 with "stable" outlook.   

The National export-import insurance company Uzbekinvest held a seminar devoted to explaining the essence and meaning of the Law "On appeals of individuals and legal entities", as well as the Resolution of the Cabinet of Ministers "On approval of model regulations on the procedure of work with appeals of individuals and legal entities in state bodies and public institutions".

As of the end of the first six months of 2015, the volume of investments of IC “O’zbekinvest Hayot” increased by 34.6%, as compared with the corresponding figures last year.

The investment portfolio of the company in the reporting period was of the following outline: deposits accounted for 53.1%, securities comprised 42.9%, and other investment sources constituted 3.96%.

National export-import insurance company "Uzbekinvest" provides a wide range of insurance services, focusing on customer needs. Within its activities, it pays particular attention to ensuring the availability and prevalence of their services. The company’s branches play an important role in this process as well, one of them is the Tashkent city branch.

Currently, the Tashkent city branch of "Uzbekinvest" is providing quality insurance services through 11 branches located in districts of Tashkent.

In the first half of 2015, the volume of insurance premiums of IC "O'zbekinvest Hayot" amounted to about 9.6 billion soums, which is 22% more than the same period in 2014. The insurance company's liabilities under the contracts of insurance of life and health exceeded 587 billion soums, which is 1.1 times more than in the first half of last year.

Tashkent hosted an extended meeting of the Executive Committee of the National Export-Import Insurance Company "Uzbekinvest", devoted to the results of the company for the I half of 2015. It was noted that on 47 projects included in the Investment Program of the Republic for 2015, the company provided insurance coverage totaling 14 trillion soums, which is 19% more than the same period last year. On insurance of export contracts of small business and private entrepreneurship, the company made commitments in the amount of 25 billion soums.

National Export-Import Insurance company (NEIIC) "Uzbekinvest" and insurance company "Beleksimgarant" (Belarus) signed a contract for reinsurance.

The document was signed for the execution of the Protocol of the 4th joint session of the intergovernmental commissions of the Republic of Uzbekistan and the Republic of Belarus on bilateral cooperation.

The main priority of carried out by IC «O'zbekinvest Hayot»  activity on providing services in the field of personal insurance is the development of long term life insurance. At the same time, services are provided to both public and corporate clients on insurance in case of illness, as well as accident insurance.

As of June 1, 2015, actual collection of insurance premiums reached nearly 8 billion soums, which is half of the collection of premiums in 2014. Voluntary types hereby constitute more than three quarters of the total collection.

"Information-rating agency SAIPRO» by the results of 2014 confirmed the rating of "Uzbekinvest" at «uzA ++» (Excellent financial reliability).

The National Export-Import Insurance Company "Uzbekinvest" within its activities pays special attention to ensuring the availability and extent of the services provided. Territorial branches of the company, one of which is the Tashkent branch plays an important role.

The national export-import insurance company "Uzbekinvest" has developed an action plan to ensure the implementation of the State program "Year of attention and care for the older generation." Currently, according to the plan active work is being carried out in this direction. In particular, for insurance of the elderly against accidents a new insurance product "Etibor" was introduced. The presentation of this insurance product took place at the Center for advanced training of employees of self-government bodies at the Tashkent city administration.

National Export-Import Insurance Company (NEIIC) "Uzbekinvest" constantly cooperates with foreign financial institutions in order to implement the experience of foreign insurance companies and further strengthen its position in the international insurance market.

The development of personal insurance is one of the priority directions in the activity of the national market, and specialization of IC "O zbekinvest Hayot", which provides services for insurance of life and health.

On May 15, the second plenary session of the Senate of Oliy Majlis of Uzbekistan took place in Tashkent.

Uzbekistan pays special attention to education of the younger generation. The current system of secondary special education, including vocational training allows college graduates to get a profession and start their labor activity.

According to preliminary data, the volume of insurance premiums collected by insurance companies of Uzbekistan for the first quarter of 2015 amounted to 134.1 billion soums. The amount of paid by the insurers of Uzbekistan claims in the first quarter of 2015 made 27.4 billion soums.

Life insurance today is one of the dynamically developing sectors of the insurance market of Uzbekistan. The insurance company "O zbekinvest Hayot", which is one of the active participants in the life insurance market provides individuals and legal entities with a wide range of insurance services. For maximum coverage of the population with insurance protection and to provide quality insurance services, the company has an extensive branch network throughout the country.

On April 23-24, the management of the National export-import insurance company Uzbekinvest held meetings in the Khorezm region and the Republic of Karakalpakstan. 

According to preliminary data, in the first quarter of 2015 Uzbek insurers collected 134.1 billion soums of insurance premiums, which exceeds the previous year by 21.2%. This was the amount of premiums collected by 31 insurers, of which 3 companies operated in the life insurance industry and 28 companies in general insurance.

As known, one of the most important factors of reliability of the insurance company is financial stability. In turn, an important role in ensuring financial stability is related to the size of the formed authorized capital, the requirements of which are enshrined in law.

According to preliminary data, in the first quarter of 2015 Uzbek insurers collected 134.1 billion soums of insurance premiums, which exceeds the previous year by 21.2%. This was the amount of premiums collected by 31 insurers, of which 3 companies operated in the life insurance industry and 28 companies in general insurance. 

According to preliminary data, the volume of investments of insurance companies of Uzbekistan in 2015 Q1 reached 646.9 billion soums. 

IC "O zbekinvest Hayot" within its session, which took place on April 14, reviewed the results of its activity for 2014 in terms of performance of forecast indicators for the collection of insurance premiums and ensuring profitability, as well as approved the business plan for future periods.

The National insurance company "Uzbekinvest" was established on April 13, 1994, according to the Decree of the President of the Republic of Uzbekistan and the Decree of the Cabinet of Ministers.

The implementation of modern information and communication technologies in various sectors is a necessary condition for the development of any country. According to the Resolution "On measures on further implementation of information and communication technologies in the real sector of the economy", signed by the President of the Republic of Uzbekistan, the National export-import insurance company "Uzbekinvest" was included in the list of organizations that implement priority projects in this direction.

Investment activity plays an important role in ensuring the profitability and solvency of insurance companies. In order to ensure the financial stability, the insurer is obliged to place his assets on the principles of recurrency, liquidity, diversification and profitability.

The National Export-Import Insurance Company "Uzbekinvest" is one of the leaders of the insurance market of the country. Within its activities, the company pays particular attention to the timely payment of insurance claims. For the first quarter of 2015, the amount of insurance payments of the company amounted to about 3 billion soums.

The National export-import insurance company "Uzbekinvest" constantly works on improving the qualifications and skills of employees in the field of computer technology and information and communication technologies.

Support of the development of export potential of small business and private entrepreneurship is one of the main directions of structural changes in the economy of Uzbekistan. One of the forms of the support of the export potential of small businesses and private entrepreneurship is the insurance of export contracts from political and commercial risks. Services in this area are successfully provided by the national export-import insurance company "Uzbekinvest".

Uzbekistan pays special attention to the development of the insurance industry, including compulsory. Nowadays there are several types of insurance in the Republic, among which one of the most popular is the compulsory insurance of civil liability of vehicle owners (CICLVO). In order to ensure the availability of services under this type of insurance National export-import insurance company "Uzbekinvest" continuously work to expand the regional network.

On March 19, the national export-import insurance "Uzbekinvest" participated in the festive events dedicated to the holiday "Navruz" in the mahalla "Yunusota".

In the framework of the State program "Year of attention and care for the older generation" the company "Uzbekinvest" has provided material support and handed gifts to low-income elderly people.

On March 16, the National Export-Import Insurance (NEIIC) "Uzbekinvest" hosted a presentation of information system, which allows making payments for insurance services via online, including the purchase and sale of insurance policies through the company's website. 

National Export-Import Insurance Company "Uzbekinvest" is one of the leaders of the insurance market of the country and is a multidisciplinary, socially-oriented insurance company.

Thus, under the State program "Year of attention and care for the older generation" the company developed and approved an action plan, which identified the following main tasks:

In December 2014, the Law "On appeals of individuals and legal entities" entered into force.

The law intends to fill the legal gap in the regulation of social relations associated with the consideration of references of physical and legal entities, establishing liability for violations in this area, as well as further improvement of the procedure of appeals to state bodies and other organizations.

In order to strengthen positions on the international insurance market and the introduction in its activities the experience of foreign insurance companies, the national export-import insurance company “Uzbekinvest” on an ongoing basis cooperates with foreign export credit agencies.

Currently, the country receives increasing attention to personal insurance. As a result the role of companies who provide services of life insurance rises. In such companies, along with insurance, investment activity occupies an important place.

As known, the improvement of financial literacy, including literacy of children and youth plays an important role in the further socio-economic development of the republic. Our correspondent interviewed CEO IC «O'zbekinvest Hayot» Kamoliddin Abdurahimov about this and many other issues.

- Good afternoon, Kamoliddin Alaviddinovich. Please tell us how your company's services may be of interest to our fellow citizens?

Tashkent hosted a press conference organized by the National export-import insurance company "Uzbekinvest". The meeting aimed at summarizing the activities of Uzbekinvest in 2014, and the work carried out within the framework of the State program "the Year of the healthy child".

Welcome speech of the press conference was made by the Deputy Director General of Uzbekinvest Jamshid Rizaev.

National export-import insurance company "Uzbekinvest" summed up the results of activity for 9 months of the current year. Thus, total volume of insurance premiums of the company in the analyzed period amounted to more than 37 billion soums. Note that compared to the same period of last year this figure rose by 38%.

Measures to counteract dumping prices and improvement of the Regulation on insurance agents were discussed at the next general meeting, attended by members of the Association of professional participants of the insurance market of Uzbekistan.

A great attention today in Uzbekistan is paid to popularization of insurance, in particular - raising among citizens use of life insurance products and health. “O'zbekinvest Hayot" is one of such insurance companies offering this type of service.

Priority direction of the company is the long-term life insurance.

Over 20 years of activities in order to enlarge the regional coverage of insurance services, National Export-Import Insurance Company "Uzbekinvest" opened 14 subsidiaries and more than 120 branches throughout the territory of Uzbekistan. In addition, it has created 4 specialized subsidiaries.

Today more and more managers and individuals are wondering about the necessity for insurance of their employees and families. However, unfortunately, not everyone knows that by acquiring the insurance policy can create a comprehensive program that provides protection from several types of risks. Especially when the discourse is about the health insurance.

National export-import insurance company "Uzbekinvest" provides a wide range of insurance services, including aviation insurance. In order to share experience on this type of insurance with foreign insurance companies for reinsurance, brokers and law firms "Uzbekinvest" regularly participates in international conferences and seminars on aircraft insurance. One such workshop, which was attended by representatives of Uzbekinvest, was organized by the United Insurance Brockers Company in London.

On September 29, «Moody’s Investor’s  Services Ltd.» international rating agency once again confirmed the international rating of financial reliability of Uzbekinvest at the level of B1 with a  “Stable” outlook.

For the first time this rating Moody's has assigned the company in January 2009 and confirmed in subsequent years - 2010, 2011, 2012 and 2013.

In recent years technical assistance service, which helps the car owner to minimize financial costs and organizational efforts in the event of unforeseen problems with the transport vehicle on the road is becoming very popular.

Today, one of the priorities of the National export-import insurance company "Uzbekinvest" is the expansion of the Agency network in order to maximize coverage of insurance services.

 In this regard, the insurance and territorial branches of the company has created a system of recruiting, training and ongoing professional development of insurance agents.

Compulsory insurance of civil liability of motor vehicle owners is one of the popular services provided by the National Export-Import Insurance "Uzbekinvest". It is a reliable method for self-protecting and protecting a car from expenses related to unexpected situations on the roads.

It is well known, that 2014 was announced as a Year of the healthy child in Uzbekistan. Uzbekinvest, the national company of export and import insurance takes an active part in the implementation of tasks, defined by the proper state program, developing new insurance programs.

One of the socially-oriented compulsory types of insurance is insurance of employer's liability. It is aimed primarily at the protection of workers of industries, whose life and health may be damaged because of accidents at work and occupational diseases. In Uzbekistan this type of compulsory insurance is valid from 2009.

In the framework of execution of Resolution of the President "About measures on the further implementation of information and communication technologies in real sector of economy" dated April 3, 2014 national export-import insurance company "Uzbekinvest" is implementing the project "Introduction of electronic methods of payment of insurance services, including purchase and sale of insurance policies".

Information rating agency SAIPRO assigned the insurance company «Uzbekinvest» rating at "uzA++" (excellent financial reliability).

In 2013 the Company retained its position in the market, at the same time the volume of insurance premiums collected for the period under review has slightly changed and amounted to 42.9 billion Soums. Despite the absence of a significant growth of insurance premiums, the insurance portfolio of the Company maintains its high level of diversification.

The National Export-Import Insurance Company UzbekInvest in June 13-18 this year took part in the meeting of the Prague Club of the Berne Union. UzbekInvest is the member of the Union since 1997.

The seminar was attended by representatives of the Central Bank of the Republic of Uzbekistan, specialists of commercial banks and insurance companies of the republic, the participants of foreign economic activity, as well as small businesses and private entrepreneurship.