Category: Events

Today, Mr. Oybek N. Khalilov, Chairman of the Board of the Insurance Association of Uzbekistan, met with Mr. Mo’men M. Mokhtar, Secretary General of the Federation of Afro-Asian Insurers & Reinsurers.

During the meeting, both parties discussed the potential for strengthening their mutual relationship and enhancing cooperation. They agreed to work collaboratively towards advancing their shared goals, fostering greater synergy and development in the insurance sectors of their respective regions.

This partnership aims to facilitate knowledge exchange, joint initiatives, and support for sustainable growth within the industry.

Dubai World Insurance Congress 2024 is one of the most prestigious gatherings in the global insurance arena, the congress served as a platform for Mosaic to showcase its expertise, forge valuable partnerships, and solidify its position as a leader in the insurance landscape.

At the heart of Mosaic’s journey were the countless encounters with esteemed industry leaders. From insurance titans to reinsurance giants and seasoned brokers, the congress buzzed with the presence of visionaries shaping the future of risk management. Among the trusted and reliable allies reunited with were Lockton, AON, Tyser, IGI, Shields, Challenge, Kay International, Gallagher, UIB, Canopius and many other compaies. These enduring partnerships underscored Mosaic’s commitment to delivering excellence and reliability to its clients, bolstered by the strength of enduring relationships.

Among the notable additions to Mosaic’s network were JB Boda, Manoj Re, and other emerging partners. These fresh collaborations promise to inject new perspectives, capabilities, and opportunities into Mosaic’s repertoire, enriching its ability to navigate the ever-evolving insurance landscape with agility and foresight.

The meeting with another partner – JB Boda was important and fruitful for Mosaic Insurance Group.

JB Boda Group, hailed as a pioneer in reinsurance broking in India, brought to the table its extensive expertise in various facets of insurance services, including direct broking, asset valuation, and risk inspection, among others. Also, known for its innovative approach to risk management, added its unique perspective, creating a synergy that fueled the conversation.

Central Asia’s strategic location presents avenues for investment and trade, driving demand for insurance coverage across various sectors. From infrastructure projects to energy ventures, there exists a burgeoning market waiting to be tapped into. Central Asia presents a myriad of risks that demand a nuanced understanding and bespoke risk mitigation strategies.

The Dubai World Insurance Congress hosted a meeting for Mosaic Insurance Group team and Lockton UAE. This meeting, held against the backdrop of one of the world’s most dynamic financial hubs, provided a platform for insightful discussions on emerging markets and strategic collaboration.

Lockton is a family organization, driven not by the relentless pressures of quarterly financial markets, but by a steadfast commitment to serving its clients’ best interests. This unique independence allows Lockton to operate with a singular focus on client success, fostering a relationship-driven approach that transcends mere transactions.

Central Asia emerged as a focal point of discussion during this meeting, capturing the attention of both parties. With its rich tapestry of cultures, economies, and landscapes, Central Asia presents a tantalizing array of opportunities for insurers, reinsurers, brokers and risk managers alike. Yet, amidst the allure of untapped markets, lie a host of challenges like environmental vulnerabilities.

A meeting between teams of Mosaic Insurance Group and Shields Re Broker sparked discussions that delved deep into the heart of catastrophic risks in Central Asia, reflecting the industry’s commitment to understanding and mitigating complex exposures.

SHIELDS is an International Reinsurance Intermediary and Reinsurance Management company headquartered in Dubai, regulated by the DFSA (UAE), FCA (UK) and fully registered broker at Lloyd’s of London.

At the core of Shields Re Broker’s operations lies a highly skilled team specializing in both Treaty and Facultative risks, strategically positioned in the Middle East, Africa, and South-West Asia. Shields Re Broker’s Analytics team adds another layer of value by providing Financial Modeling and Catastrophe Modeling Services. These services empower clients to quantify their exposure accurately, enabling informed decision-making processes and proactive risk management strategies. By harnessing advanced analytical tools and methodologies, Shields equips clients with the foresight needed to navigate uncertain terrains and seize opportunities amidst challenges.

Central Asia emerged as a focal point of discussion during the meeting, with both parties recognizing the region’s unique blend of opportunities and challenges. From geopolitical dynamics to environmental factors, Central Asia presents a myriad of risks that demand a holistic understanding and tailored risk mitigation strategies.

We’re thrilled to announce that our Mosaic Insurance Group team will be participating in the highly anticipated Dubai World Insurance Congress (DWIC) from April 29th to 30th, 2024, at Atlantis, The Palm.

Our dedicated team at Mosaic Insurance Group is committed to staying at the forefront of industry trends, fostering meaningful partnerships, and delivering unparalleled solutions to meet the evolving needs of our clients worldwide. We look forward to connecting with fellow industry professionals, exchanging knowledge, and exploring opportunities for growth and advancement.

Join us at DWIC 2024 as we embark on this exciting journey together, driving positive change and shaping the future of insurance. See you at Atlantis, The Palm!

Stay tuned for updates and highlights from our participation at DWIC 2024!

On April 17, 2024, a meeting was held between the CEO of Mosaic Insurance Group, Oybek N. Khalilov, and the Boston University Global Development Policy Center, Ying Qian. The key point of the meeting was on the prospects for creating a working group on insurance within the framework of the unified transport system of Central Asia (CAATS – Central Asian Advanced Transport System).
At the meeting, issues of the development and development of insurance products aimed at ensuring the safety and protection of interests in the field of cargo transportation and the liability of customs brokers were discussed. Currently, TIR coverage is applied, but coverage for road transport and supplies is limited, which becomes an ineffective approach for multimodal transport transport. This means that goods transported on multimodal transport routes remain unprotected or have insufficient insurance coverage.
The creation of a working group on insurance within the framework of CAATS could be an important step in ensuring the safety and protecting the interests of all participants in the transport process in Central Asia. It also opens up new opportunities for developing cooperation between insurance companies and institutions in relation to developing development policies and supporting regional and trade initiatives.
Discussion of these issues supports a lower level of cooperation between private sectors of the economy to develop effective and sustainable insurance models, ways to ensure the safety and reliability of transactions in Central Asia.

An important meeting took place in the building of the Chamber of Commerce and Industry between the leadership of the National Agency for Prospective Projects of the Republic of Uzbekistan and representatives of the country’s insurance companies, including Mosaic Insurance Group.

The main reason for the discussion was the implementation of the tasks defined by the Decree of the President of the Republic of Uzbekistan No. PP-108 dated March 1, 2024 “On comprehensive measures for the further development of insurance market.”

Representatives of the Agency explained the essence and importance of this decision of the head of state, drawing attention to the significant contribution of the Association of Professional Participants in the Insurance Market of Uzbekistan.

At the end of the meeting, all its participants unanimously emphasized the importance of combining efforts as a regulator represented by the Agency and insurance companies for the successful implementation of the tasks for the development of the insurance market, defined by the head of state.