AZIMUTH INSURANCE COMPANY entered the insurance market of Uzbekistan as the first foreign enterprise. AIC is offering a full range of non-life insurance and reinsurance products for all 17 classes. AIC is supporting foreign corporates looking to invest in Uzbekistan by providing insurance capacity that is fully compliant with local regulation while working with large international reinsurance partners. AIC is also a strong partner for local companies in multiple sectors expanding within the country and regionally.
We operate in accordance with the requirements of a foreign business to the insurance companies: Transparency of financial statements based on IFRS standards; Anti-corruption and high ethical standards; Conclusion of contract on the international insurance standard terms; Risk survey and risk engineering expertise of insurance objects.
The financial stability of the company is guaranteed by the efficient management with high liquidity of assets, an effective reinsurance system in partnership with the recognized international reinsurers and brokers such as AIG, SWISS Re, Lloyd’s of London, ACE, CHUBB, MENA Re, and others. Our treaty reinsurance allows us to take risks up to 6.0 million USD, with the possibility of increasing the reinsurance capacity up to $ 36 million. Our treaty reinsurer (SCOR) has a financial strength rating of A + (S&P).
AZIMUTH INSURANCE COMPANY uses innovative approach to form competitive advantage:
We offer insurance for industrial enterprises and complex construction project with risk management, risk engineers and consultations;
We are the first to introduce to the market new insurance products such as D&O, cybercrime, risks of environmental pollution, product liability insurance;
Our clients in health insurance are served through professional assistance, in more than 400 clinics and pharmacies throughout the country, with the possibility of treatment in foreign clinics, with the opportunity to obtain a conclusion of world-class doctors (second opinion);
The partner adjuster company will promptly respond to vehicle insurance, from going to scene of the accident, collecting documents, assessing damage to repairing in the best auto repair shop throughout the country
A strong team of professionals, the average term of work experience of the management team is over 20 years, with the direct access to reinsurance of any kind of risks with the solid international insurance organizations with the highest RI capacities/ facilities and with highest financial strength ratings, will allow our clients to receive a high level of customer service for the execution of insurance agreements.
AIC is a 100% owned by ICA Group Ltd, an investment of London-based investment firm InFrontier Ltd. AIC is backed by A-rated reinsurance firms in London and the UAE.