Yesterday, April 16, Mosaic Insurance Group (MIG) had the pleasure of hosting Mr. Ian Lim, Founder & Group CEO of Lexasure Financial Group, for a meeting with Mosaic Insurance Group CEO Mr. Oybek Nosirovich Khalilov.
Lexasure Financial Group is a leading reinsurance and digital insurance solutions provider in Southeast and South Asia, empowering over 60 primary insurers across 22 countries. Their innovative approach to Reinsurance-as-a-Service (RaaS) and strong focus on digital transformation are reshaping how companies manage risk and achieve sustainable growth.
During the meeting, both parties explored future partnership opportunities—particularly in the areas of reinsurance and health insurance lines—to support the evolving needs of businesses and communities in the Central Asian region.
We look forward to a dynamic collaboration built on shared values of resilience, innovation, and bold growth.
Bo'lim: Tashkilot
Strategic Implications of the AmCham Central Asia MoU: A New Era for Regional Business Integration
The signing of the Memorandum of Understanding (MoU) by AmCham leaders from Kazakhstan, Kyrgyzstan, Tajikistan, and Uzbekistan represents a pivotal moment in the economic evolution of Central Asia. This landmark initiative goes beyond a symbolic agreement—it lays the foundation for a structured, institutionalized business framework that will shape cross-border investment, trade policies, and corporate governance in the region for years to come.
Why This MoU Matters
- Institutionalization of the Regional AmCham Network 2.0
Historically, business chambers in Central Asia have operated independently, often facing challenges in synchronizing their efforts across borders. By adopting a regional model inspired by AmCham EU, AmCham Middle East, and the Asia Pacific Council of AmChams, this initiative will standardize economic policies, investment incentives, and corporate advocacy—leading to a harmonized business environment.
New Era of Cross-Border Investment: The MoU sets a precedent for businesses expanding beyond national markets—reducing bureaucratic hurdles and enhancing legal transparency for foreign direct investments (FDI).
Sector-Specific Coordination: By aligning industry best practices, particularly in insurance, energy, finance, and technology, the initiative fosters a regional economic bloc with increased global competitiveness.
2. Architecting a Unified Business Vision: Strengthening Regional Cooperation
The AmCham Central Asia initiative is a strategic step toward fostering a more integrated and resilient business environment across the region. By enhancing cooperation among AmCham chapters, this initiative aims to create a more attractive landscape for global investors and businesses.
🔹 Insurance & Risk Management for Mega-Projects
A key component of regional economic growth is ensuring that large-scale projects in construction, energy, and infrastructure have access to robust risk management and reinsurance solutions. Strengthening these mechanisms enhances financial security, encourages foreign direct investment, and supports long-term project sustainability.
🔹 Policy Advocacy for International Standards
Aligning regulatory frameworks with international best practices, such as Solvency II principles, contributes to a more predictable and transparent business environment. By promoting risk-based capital requirements and regulatory consistency, this approach enhances investor confidence and facilitates smoother cross-border economic collaboration.
Through collective action and strategic alignment, AmCham leaders are working toward a more connected and investment-friendly Central Asia, fostering regional stability and long-term economic growth.
- Key Policy Areas Addressed: Future-Proofing Central Asia’s Economy
Beyond traditional business networking, the MoU sets a precedent for deep institutional reforms in several critical areas:
✔️ ESG (Environmental, Social, and Governance) Standards – Introducing sustainable investment criteria into cross-border projects to align with global corporate responsibility trends.
✔️ Cybersecurity & Digital Economy – Tackling data protection and cross-border cybersecurity concerns to facilitate the safe expansion of digital financial services.
✔️ FDI & Trade Policy Harmonization – Creating a regional investment roadmap that standardizes tax incentives, legal protections, and trade dispute resolutions.
- U.S. & European Engagement: Strengthening Global Economic Linkages
The MoU is not just about Central Asia—it aligns with broader U.S.-Central Asia trade relations and Europe’s growing interest in the region.
Connecting with AmCham EU & the U.S. Business Community: Central Asian AmChams can now collaborate with multinational corporations (MNCs) through structured engagement programs.
B5+1 Initiative Integration: This initiative strengthens regional economic diplomacy by creating a unified voice for Central Asia in high-level negotiations with the United States.
The Road Ahead: Turning Strategy into Execution
The real test of this MoU will be implementation. The success of this initiative depends on:
🔹 Creating measurable KPIs (Key Performance Indicators) for cross-border projects
🔹 Building a centralized AmCham data platform to track business expansion trends
🔹 Launching a permanent regional AmCham office for operational efficiency
🔹 Securing funding from international financial institutions (IFIs) to support long-term projects
This is just the beginning. Central Asia is no longer just an emerging market— the region is well-positioned to unlock its full economic potential.
Mosaic Insurance Group increased its authorized capital
We are pleased to announce that Mosaic Insurance Group has officially increased its authorized capital to 104 billion UZS.
This significant milestone reflects our commitment to strengthening our financial position and enhancing our ability to deliver exceptional services to our clients and partners. The increased capital will enable us to support larger risks, expand our offerings, and drive sustainable growth in the years ahead.
We extend our gratitude to our stakeholders for their continued trust and support as we advance towards our vision of becoming the leading insurance provider in Central Asia
Expanding Globally: Nozima Khashimova on Mosaic Insurance Group’s Growth
Nozima Khashimova, Commercial Lines Underwriter at Mosaic Insurance Group, reflects on her five years in insurance, specializing in foreign inward risks. Despite being a young company, Mosaic has become a trusted reinsurer locally and internationally, partnering with top brokers like AON, UIB, and WILLIS.
With reinsurance premiums rising from $620,000 in 2023 to $1 million by mid-2024, Mosaic’s growth is driven by strategic partnerships in Southeast Asia, Eastern Europe, and Latin America. Armed with a new Moody’s rating, the company plans to expand into Australia and Africa. Recently awarded the CII certificate, Nozima credits Mosaic’s strong support for her development, contributing to its global ambitions.
Behzod Rakhmatullaev: 28 Years of Experience in Managing Insurance Portfolios
Behzod Rakhmatullaev shares his impressive professional journey in the insurance industry, highlighting key milestones in his career, including aviation insurance, motor insurance, and his deep specialization in managing insurance portfolios at Mosaic Insurance Group.
Strengthening Strategic Partnerships in London
We are delighted to share the highlights of a recent meeting in London between Mr. Oybek Khalilov, CEO of Mosaic Insurance Group, and Ian Anson, Managing Director of Rokstone Group. This gathering marked a promising step toward exploring future cooperation and partnership opportunities.
Rokstone Group, a leading global Managing General Agent (MGA) and approved Lloyd’s coverholder, has established itself as a trusted provider of specialist (re)insurance solutions. Since its inception in 2017, Rokstone has grown exponentially, now underwriting over USD 1 billion in Gross Written Premium (GWP) annually across multiple business lines. As part of the Aventum Group, Rokstone is uniquely positioned at the intersection of underwriting and broking, delivering innovative and tailored risk solutions to brokers worldwide.
During the meeting, Mr. Khalilov and Mr. Anson discussed potential collaborations aimed at leveraging their respective expertise to deliver superior insurance and reinsurance solutions. With Mosaic Insurance Group’s robust presence in Central Asia and Rokstone’s global capabilities, this partnership holds immense potential for fostering innovative approaches in the insurance market.
ÖZBEKİSTAN SİGORTA PAZARINDA DAYANIKLILIK VE BÜYÜME OLUŞTURMA: MİRAZİZ KHİDOYATOV İLE RÖPORTAJ
Mosaic Insurance Group Genel Müdür Yardımcısı Miraziz Khidoyatov, şirketin 2021’deki kuruluşundan bu yana geçirdiği dikkat çekici yolculuğuna ışık tutuyor. Mosaic Insurance Group, Ticari Hatlar sigortasında uzmanlaşarak ve güvenlik ve hizmet için yüksek bir çıta belirleyerek Özbekistan sigorta pazarında hızla önemli bir oyuncu haline geldi.
Bay Khidoyatov, şirketin 2023’te Brüt Yazılı Primde %330’luk bir artışla etkileyici büyüme yörüngesini ve Özbekistan’ın en iyi 10 sigortacısı arasında yer alma yönündeki iddialı planlarını tartışıyor. Mosaic’in yetkili sermayesinin stratejik genişlemesini, mali dayanıklılığını güçlendirmeyi ve daha büyük sigorta kapasitesini desteklemeyi amaçlayan bir hamleyi ayrıntılı olarak anlatıyor.
Mosaic Insurance Group at the Forefront of Professional Development
We are proud to announce that our Chief Accountant, Adelya Babikova , attended a conference focused on modern trends in accounting, taxation, and finance.
Key topics included digitalization, international business standards, AI, and risk management, with insights shared by representatives from ACCA and IAPBE. The event provided a platform for knowledge exchange and valuable networking opportunities.
At Mosaic Insurance Group, we remain committed to advancing professional excellence and fostering connections across industries.
hashtag#MosaicInsuranceGroup hashtag#ProfessionalGrowth hashtag#AccountingLeadership
Building a Global Footprint: Nozima Khashimova on Mosaic Insurance Group’s Growth and Future Goals
Nozima Khashimova, a Commercial Lines Underwriter at Mosaic Insurance Group, shares insights into her five-year journey in insurance, with a specific focus on underwriting foreign inward risks. Mosaic Insurance, although relatively new, has quickly established itself as a trusted reinsurer in both local and international markets, working with nearly all local insurers and collaborating with leading international brokers such as AON, UIB, and WILLIS. The company’s reinsurance portfolio has grown significantly, with premiums rising from $620,000 in 2023 to $1 million by mid-2024. This growth is supported by strategic partnerships across Southeast Asia, Eastern Europe, and Latin America. With a newly acquired Moody’s international rating, Mosaic is now looking to expand further into Australia and Africa, aiming to capitalize on new market opportunities. Nozima, recently awarded the CII certificate, credits her professional development to the robust support and expertise at Mosaic, as she continues to contribute to the company’s ambitious growth in the global insurance landscape.
SIRC 2024: Day 2 Highlights
Day 2 of SIRC 2024 brought invaluable discussions and connections as Mr. Oybek Khalilov met with several industry leaders to strengthen ties and explore future collaborations. Productive sessions were held with China Zenith, Howden Australia, Consilium Brokers, AM Best, Borneo Re, Tenger Daatgal, Coverhill Mongolia, PWS Global Risks, Samsung Re, UIB, PINC, Kay International, Sinoasia Group, Abu Dhabi National Insurance Company, and many others.
These engagements are instrumental in driving forward innovative solutions and expanding global opportunities. A special thank you to all the partners and colleagues who joined us today—we look forward to even greater possibilities ahead!
#SIRC2024 #InsuranceNetworking #GlobalPartnerships #MosaicInsuranceGroup