With Deepest Appreciation: A Birthday Salute to David
Dear David, Warmest birthday wishes to you!
In recent years, many Uzbeks viewed insurance with skepticism. Today, the situation has changed dramatically. Insurance has become an integral part of modern life, and Uzbekistan’s insurance industry is experiencing a real boom. Let’s take a closer look at what opportunities modern insurance offers and how it can protect your interests.
What is insurance and why has it become popular?
Imagine you bought a new car and spent a significant amount on it. A month later, an accident occurs, and the car is seriously damaged. Without insurance, repairs will cost a lot and could seriously impact your family budget. With insurance, however, the insurance company will cover these expenses.
The essence of insurance is that it is a financial protection system in which the insurer, for a certain payment, undertakes to compensate for damage or pay out an insurance benefit in the event of unforeseen circumstances. In simple terms, you pay a small amount today to protect yourself from large financial losses tomorrow.
Modern insurance serves as a financial shield against unexpected blows of fate. It gives confidence in the future and allows you to plan ahead without fear of unforeseen expenses. In addition, insurance helps accumulate funds and channel them wisely into the country’s economy.
The insurance boom in Uzbekistan: impressive figures
Today, Uzbekistan’s insurance market is a rapidly developing industry showing remarkable results. By the end of 2024, the total amount of collected premiums reached 9.77 trillion UZS, 21% more than the previous year. These figures reflect growing public trust in insurance services and an understanding of their importance.
The progress in digitalization is especially noteworthy. Since September 2024, all insurance policies in Uzbekistan have been issued exclusively in electronic form through a unified system. This revolutionary innovation has made purchasing insurance as convenient and transparent as possible. No more queues or piles of paperwork — just a few clicks online.
Digital transformation has gone beyond policy issuance. Modern insurance companies offer mobile apps, online consultations, and fast payouts. Technology has made insurance accessible and understandable for everyone.
Auto insurance: the king of the market
When talking about insurance in Uzbekistan, auto insurance (OSAGO) comes to mind first. This is not surprising — it accounts for about 91% of all insurance premiums in the country. This dominance is due to the mandatory nature of OSAGO and the growing awareness of the importance of protecting one’s car.
OSAGO: protection for all road users
OSAGO is not just a formality, but real protection for all road users. This type of insurance is mandatory for all vehicle owners and protects the interests of third parties who suffer damage in an accident caused by you.
Imagine you accidentally damage someone’s expensive car or injure a pedestrian. Without OSAGO, the repair and medical expenses would fall entirely on your shoulders. With the policy, the insurance company covers these costs.
KASKO: comprehensive protection for your car
While OSAGO protects others, KASKO protects your own car from a variety of risks: accidents, theft, natural disasters, vandalism, fire — all of which can happen to any vehicle.
Modern KASKO programs offer additional services: vehicle evacuation, a replacement car during repairs, and dispatching an accident commissioner to the scene.
For those who want flexible terms, there is the EURO KASKO Auto Insurance Constructor — the ability to insure only selected parts of the car and optimize expenses.
Travel insurance: your companion on the road
With the growth of outbound tourism, travel insurance is becoming increasingly popular. Medical services abroad can be extremely expensive. For example, a simple doctor’s consultation in Europe can cost hundreds of dollars, while hospitalization can run into tens of thousands.
But travel insurance covers not only medical care, but also trip cancellation or interruption, loss of baggage, flight delays, and many other inconveniences. It is especially important for those engaging in extreme sports or planning an active vacation.
Property insurance: protecting your home and belongings
Property insurance helps protect a house, apartment, or summer home from fire, flooding, theft, and natural disasters. It covers both the property itself and its contents — furniture, household appliances, electronics, clothing, and jewelry.
It is especially relevant for owners of country houses and summer homes that are often left unattended.
Life and health insurance: protecting your most valuable asset
Life and health insurance provides financial protection in case of illness or accident. It offers access to the best clinics and specialists, and can also be accumulative — part of the contributions goes into investments.
Such insurance is particularly important for people with high-risk jobs, but it is also useful in everyday life.
Liability insurance: protection against third-party claims
A doctor may make a mistake during treatment, an architect during building design, or a lawyer while handling a case. The consequences of such errors can cost millions of UZS. Professional liability insurance protects against financial losses in such situations.
Employers are required to insure their liability towards employees. If an employee is injured at work, the insurance covers treatment and compensation costs. This is not only a legal requirement but also a sign of care for people.
Mandatory types of insurance: what the law requires
Uzbek law sets out several mandatory types of insurance. The most well-known is OSAGO for all vehicle owners.
Employers must insure their liability for harm caused to employees in the course of their duties. Carriers must insure their liability when transporting passengers and cargo. Certain professionals are required to have professional liability insurance.
How insurance works: from application to payout
Many people are intimidated by the perceived complexity of insurance procedures. In reality, modern insurance has become as simple and clear as possible. The process can be divided into several steps: choosing a program, calculating the premium, making payment, submitting a claim, and receiving a payout.
Advantages of modern insurance
Online policy issuance, mobile apps, personalization, and 24/7 support — all make modern insurance convenient, fast, and effective.
How to choose the right type of insurance
Identify your priorities: vehicle — OSAGO or KASKO, travel — travel insurance, home — property insurance, family — life and health insurance.
Conclusion
Insurance in Uzbekistan is going through a period of rapid development. Today, it is not a luxury, but a necessity — an investment in financial stability and confidence in the future.
Dear David, Warmest birthday wishes to you!
Dear Bobur Kobulovich, Please accept my sincere congratulations on your birthday!
In anticipation of OSAGO tariff changes effective January 1, 2026, Euroasia Insurance introduces EUROKASKO as a ready-made solution for car owners who don’t want to wait and are ready to get extended protection today.
EUROASIA Insurance Launches Affiliate Program: Earn up to 20% from Every Insurance Sale EUROASIA Insurance, a leading insurance company in Uzbekistan, announces the launch of a new affiliate program offering unique income opportunities. Now, any Uzbek citizen aged 18 or older can earn up to 20% from the value of each insurance policy sold simply by sharing their personal promo code.