Specialty Insurance

A complete glossary of specialist insurance types in Uzbekistan: learn what cargo insurance, liability insurance, and financial risk insurance are. Practical explanations of key terms will help you understand policy conditions, choose the right coverage, and make an informed decision to protect your business or assets.

Specialty Insurance

1

1 term

2.1 trln

premium volume

99.3 bln

collected for aviation insurance

143.2 bln

cargo insurance premiums

Terms List

Other Categories

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Practical Examples

Architect Amir's Story: Professional Liability

Situation:

Architect Amir made a mistake in the building design. As a result, cracks appeared in the walls. The client demanded compensation for damages.

Solution:

Amir had a professional liability insurance policy. The insurance company covered the repair costs, protecting Amir from financial losses.

"BANK" Story: Credit Insurance

Situation:

"BANK" issued a loan to a company, insuring the risk of non-repayment. A year later, the borrower went bankrupt and could not repay the debt.

Solution:

The insurance company paid the bank the remaining loan amount. This allowed the bank to avoid losses and maintain portfolio stability.

"UBS-LOGISTIK" Story: Cargo Insurance

Situation:

The "UBS-LOGISTIK" company was transporting a batch of fruits. The cargo was insured against spoilage. On the way, the refrigerator broke down, and the goods were spoiled.

Solution:

The insurance company recognized the case as an insured event and paid the full value of the cargo. This allowed the company to avoid major losses.

Need protection for unique risks?

Now you know about special types of insurance. Protect your cargo or investments in green energy with our unique products.