Formed in 1997 KAFOLAT Insurance Company JSC is one of the largest insurers in Uzbekistan.
Since formation KAFOLAT has quickly developed to become a universal insurer and one of the market leaders for the collection of insurance premiums in the country. The company now provides services including property, personal lines and small business insurance across many areas.
Uzbekistan is the most populated country in central Asia with 33.6 million inhabitants. In fact, its population is young, with an average age of 25 years. According to the World Economic Forum, Uzbekistan is among the five countries with the fastest growing economy in the world as of the end of 2014-2015. This country is a regional power in progress and foreign investors are given favourable taxation policies to modernize the main sectors of the economy.
Moreover, Uzbekistan is currently among the top ten countries in the world, which achieved the best results in improving the business environment in recent years. Fast growth of banking, insurance, leasing, consulting and other kinds of market services contributes to the development of the private sector and small businesses in the country. It should be noted that over the past 5 years the rate of growth of the insurance market was not lower than 130%.
Company’s presentation (in pdf-format) is also available to download.