National Agency for Prospective Projects Suspends GLOBAL INSURANCE GROUP License for 10 Days

Tashkent, Uzbekistan (UzDaily.com) — The National Agency for Prospective Projects of the Republic of Uzbekistan has suspended the license of GLOBAL INSURANCE GROUP JSC for 10 days starting from 8 October 2025.

The decision was made following an audit of the company’s reports, which revealed violations of regulatory requirements established by law. In addition, the insurance company was fined 35 million soums.

During the suspension period, the company is prohibited from entering into new insurance and reinsurance contracts or extending existing agreements.

At the same time, GLOBAL INSURANCE GROUP JSC is required to continue fulfilling its obligations under existing contracts.

The National Agency has advised insurance service consumers to refrain from signing new contracts with the company until the identified violations are resolved.