Official authorisation to conduct insurance activities within specified lines and classes.
You are choosing an insurer and see that it operates under a licence. That is an essential check, but it does not mean every risk is automatically covered. Here is what the licence confirms and where its role ends.
In simple terms:
An insurance activity licence is official authorisation to operate in the insurance market within defined limits. In Uzbekistan, insurers, reinsurers and insurance brokers conduct insurance activity on the basis of licences issued by the authorised state body.
For an insurer, the licence identifies its line of business: life insurance, general insurance or reinsurance only. It also lists the classes the company may conduct. So after asking whether a licence exists, ask whether it covers the type of insurance you need.
A licence confirms the company's legal authority to operate, but it does not replace the policy. It does not make every event an insured event or remove exclusions, limits and customer obligations. Those details belong in the insurance policy summary, policy wording and contract.
The check therefore has two parts: first confirm that the insurer is licensed for the relevant class, then read the chosen programme's terms. You can review EUROASIA Insurance's insurance products in the catalogue.
A suspended licence restricts new business: the insurer may not enter into new contracts or renew existing ones. Obligations under contracts concluded earlier do not simply disappear and must be performed under the applicable procedure. This is why customers should check the current status rather than rely on an old copy of a licence.
Relying on advertising alone. A logo, sign or screenshot is not a substitute for the official register.
Confusing registration with licensing. Registration proves that a legal entity exists; a licence authorises regulated insurance activity.
Assuming every class is permitted. A licence may cover a particular line and set of classes, so the product must match that scope.
Treating a licence as a payment guarantee. A claim decision depends on the contract, premium status, reported circumstances and supporting documents.
The check matters to individuals, businesses, beneficiaries and anyone buying through an intermediary. For a broader overview, read how insurance works in Uzbekistan.
Nodira is choosing cover for her apartment. She finds the insurer in the official register and confirms that its licence includes the relevant class. She then reads the contract for covered events, exclusions and notification steps. The licence shows that the company may operate; the contract shows what her policy protects.
Nodira from Tashkent was choosing apartment insurance and checked the insurer in the official register before buying.
The company had an active licence covering the relevant class. When an event listed in the contract occurred, Nodira followed the stated procedure and the claim was assessed under the policy terms.
Aziz from Samarkand saw that the insurer had an active licence and assumed his policy covered every type of vehicle breakdown.
The licence confirmed the company's authority to operate, but that breakdown was not a covered risk. The scope of cover must be checked separately before purchase.
Bekzod from Andijan received an offer from an unknown intermediary who showed him only a promotional brochure.
Bekzod did not pay until he had the insurer's legal name and could verify its licence, status and relevant class in the official register.
This is a road incident in which harm was caused to people, vehicles, roads, structures, or other property.
This is a simplified procedure for recording a traffic accident without calling traffic police, when the drivers themselves document the circumstances for insurance settlement.
KASKO is insurance that protects not someone else’s car, but your own. Put very simply, it is like a financial safety cushion for your vehicle: if there is an accident, a broken window, parking damage, a fallen tree, or even theft, the insurance company can take on part of the big expenses. The main idea is simple: KASKO helps you avoid facing major car-related costs alone.
Motor third-party liability is your responsibility to other people if, because of your actions on the road, their car, property, health, or life is harmed. Put simply, it is a rule for situations where a driving mistake leads to someone else’s loss. The main idea is simple: this responsibility exists so that the injured party is not left without compensation, and the driver at fault does not have to handle everything alone out of pocket.
Insurance for a car loan is protection connected not just with the car itself, but with buying that car on credit. Put very simply, the bank gives money for the vehicle and wants to be sure that both the car and the repayment process remain protected. That is why insurance often comes together with a car loan: it helps reduce risks both for the bank and for the borrower if something serious happens to the car.
This is a modular car insurance product in which the vehicle owner chooses which parts of the car and which risks to insure.
Our experts will help you choose the best insurance coverage
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