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company Order No. 104-k dated September 20, 2023
According to the company's internal order No. 104-k dated September 20, 2023, Deputy General Director Hashimov Shukhrat Ikramovich was appointed Responsible for timely consideration of appeals from citizens (individuals and legal entities). tel: +99871 202-07-08 104-k dated September 20, 2023
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Поздравляем с 32-летием независимости Республики Узбекистан!
Наша страна отмечает 32-ю годовщину независимости Узбекистана - страны, которая стала символом свободы и процветания. Мы гордимся нашими достижениями и успехами, которые были достигнуты благодаря упорному труду и преданности нашего народа. Пусть этот день станет еще одним шагом на пути к еще большему процветанию и развитию нашей страны!
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Convening the Ordinary General Meeting of Shareholders following the results of 2022
An important event in the field of insurance in Uzbekistan: JV JSC “ISHONCH SUG’URTA KOMPANIYASI”, one of the leading players in the industry, officially announced the convening of the General Meeting of Shareholders. The meeting is scheduled for June 27, 2023 and will be dedicated to discussing the results of the company’s activities for 2022. According to the preliminary agenda, the general meeting will address the complete list of issues and procedures that are governed by the current legislation of the Republic of Uzbekistan for such events. This will be a significant event for all shareholders who are interested in the success of the company and seek to take an active part in its management. The General Meeting of Shareholders is an important procedure that ensures transparency and openness in managing the corporate affairs. This is a key moment that allows shareholders to participate in important decisions, such as approving the annual report and the budget for the next year, electing members of the Board of Directors and amending the company's charter. We expect that the general meeting of “ISHONCH SUG’URTA KOMPANIYASI” will become a significant event for the insurance market of Uzbekistan and a signal for its further development. Details and outcomes of the meeting will be announced after its completion.
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Moving to a new office
On June 1, 2022 year the insurance company “ISHONCH SUG’URTA KOMPANIYASI” moved to a new office in Tashkent. The new location is the 1st floor of a residential building at A. Temur Avenue 22/2 in Mirabad district of the capital. This event represents an important step in the company’s strategy to develop and improve customer service.The new office space is designed to provide the team of “ISHONCH SUG’URTA KOMPANIYASI” with the opportunity to work in a modern, comfortable and functional environment, which contributes to increased productivity and work efficiency.The company's clients and partners may now visit the new office to discuss insurance services and products, as well as to consult and process applications. The new office spaces are equipped with cutting-edge technology and offer a comfortable place for meetings and business negotiations.
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Solvency rating uzA++
The rating agency “Ahbor-Reyting” LLC, one of the leading independent agencies in Uzbekistan, approved the solvency rating for JV JSC “ISHONCH SUG’URTA KOMPANIYASI” at a high level of “uzA++” following the results of the year 2022. This decision stresses the strong financial performance and reliability of the company against the backdrop of the ongoing accelerated development of the insurance market of the Republic of Uzbekistan. The assigned rating “uzA++” is the highest level of solvency on the national scale, reflecting a high degree of confidence that the insurance company will reliably fulfill its obligations to customers and partners. This means that “ISHONCH SUG’URTA KOMPANIYASI” has excellent financial strength and effective risk management. Moreover, the “stable” outlook indicates that the agency expects the current rating of the company to be maintained in the near future based on current economic conditions and insurance market forecasts. The confirmation of the rating at such a high level testifies to the strength of the “ISHONCH SUG’URTA KOMPANIYASI” business model, its ability to adapt to changing market conditions and successfully implement the development strategy. This also reflects the trust of the company’s clients and partners backed up by quality service and reliability of the insurance services provided.
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Increasing the Authorized capital of the company
JV JSC “ISHONCH SUG’URTA KOMPANIYASI”, a leading participant in the insurance market of the Republic of Uzbekistan, took a major step forward as part of the national strategy for reforming and accelerating the development of the insurance market, approved by the Resolution of the President of the Republic of Uzbekistan No. 4412 of August 2, 2019. Responding to the demands and pursuant to the above Resolution, the company successfully registered and announced its 3rd issue of shares. The total volume of the new issue is UZS 15.0 billion, which, in case of its full payment, will increase the authorized capital of the company to more than UZS 50.0 billion. This expansion of the capital plays an important role for “ISHONCH SUG’URTA KOMPANIYASI”, since it allows the company not only to strengthen its financial position in terms of compliance with the mandatory standards, but also to expand the range of insurance activities. In addition to general insurance, the new amount of authorized capital will allow the company to carry out reinsurance activity. It is an important milestone in the company’s development and this reflects the company’s desire for sustainable growth, consolidation of positions in the insurance market and reinforcing its role in strengthening the insurance industry of the Republic of Uzbekistan as a whole. The issue of new shares is also an attractive opportunity for investors and partners who want to take part in the development and growth of one of the largest insurance companies in Uzbekistan.
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