Insurance in Uzbekistan

published on 15 April 2025 | reading time approx. 2 minutes

Insurance in Uzbekistan, regulated by the Law “On Insurance Activities,” begins with the selection of an insurance company.

According to Article 5 of this law, the policyholder must select a company accredited in the Republic and ensure that it has a valid license. The policyholder then submits an application specifying the type of insurance, the subject of insurance (e.g., property, health, or liability), the sum insured, and the term of the contract.

In accordance with Article 18, the insurance company prepares a draft contract after agreeing on the contractual conditions. This contract sets out key points such as the subject matter of the insurance, the sum insured, the insured risks, the premium payment deadlines, the regula-tion of claims settlement, and the term of the contract.

The contract comes into force as soon as it has been signed by both parties and usually after payment of the first insurance premium (Article 22 of the law). Payment of the insurance premium can be made either in one sum or in installments in ac-cordance with the terms of the contract (Article 22). However, failure to pay on time may lead to suspension of the contract, as provided for in Article 23 of the law.

In the event of an insured event, the policyholder is obliged to notify the insurance company immediately. In accordance with Article 24, the policyholder must provide evidence of the occurrence of the insured event, such as reports, medical certificates, or protocols. For its part, the insurance company is obliged to investigate the circumstances of the incident and, if necessary, to assess the claim with the assistance of experts.

Article 25 of the law obliges the insurance company to settle the claim within the deadlines specified in the contract, usually within 30 working days. If the insurance company refuses to pay, it is obliged to explain the reasons in writing.

The insurance contract shall terminate in the cases provided for in Article 26, including:

Payment of the insurance benefit
Expiry of the contract term
Termination of the contract by mutual agreement

The contract may also be terminated unilaterally if one of the contracting parties breaches the terms and conditions.

In the case of health insurance initiated by the employer, there is no obligation to use state medical facilities. Private medical centers offer insurance products for the voluntary health insurance of employees (e.g., the joint-stock company “SK O'zbekinvest Hayot”, voluntary health insurance). Such types of insurance are voluntary in nature.

Pursuant to the Act “On Compulsory Liability Insurance of the Employer,” the employer is obliged to cover the following insured events:

Protection of the employer's property interests in case of his civil liability for damages
Liability for damage to the life or health of an employee as a result of an accident at work
Work-related illnesses of an employee
Damage to health in connection with the performance of the employee's professional duties

The level of risk of the employer's activities is determined in accordance with the classification of risk levels and the assignment of activities to certain risk levels. This is regulated by the coefficient of the insurance premium and the industry (sub-industry) with occupational risks (Decree No. 177 of June 24, 2009, on measures to implement the Law of the Republic of Uzbekistan “On Compulsory Liability Insurance of the Employer”).