UzA English

09.08.2019

The insurance portfolio of “KAFOLAT Insurance Company” JSC is under the protection of reliable reinsurers

The insurance portfolio of “KAFOLAT Insurance Company” JSC is under the protection of reliable reinsurers

In particular, while realizing the tasks to improve and strengthen solvency noted in the Decree of the President of the Republic of Uzbekistan No. 4412 from August 2, 2019, work is underway to integrate the company into the global insurance market by establishing partnerships with Lloyd`s.

As a result of the study of reinsurance companies and negotiations led by the management of «KAFOLAT Insurance Company» JSC and specialists of the company, obligatory reinsurance agreements were concluded with a number of leading reinsurance companies.

It should be noted that the company’s reinsurers are SCOR, one of the five world reinsurers, Canopius CNP 4444 (Great Britain), one of the six out of 80 Lloyd`s syndicates, and the leading Polish reinsurance company Polish Re.

photo5352548816378768132.jpg

Also, obligatory agreements of the company concluded with Lloyd`s syndicate will have a positive impact on strengthening ties between the Uzbek insurance market and increases the international rating of the company.

The main purpose of concluding such contracts of «KAFOLAT Insurance Company» JSC is, first of all, to maintain the solvency of the company and provide customers with reliable insurance coverage.

5 391
UzA