Uzagrosugurta state joint stock insurance company

Name

Uzagrosugurta state joint stock insurance company

Legal name

O'zagrosug'urta aksiyadorlik jamiyati

Website

https://agros.uz

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Headquarters

HQ city

Tashkent

HQ country

Uzbekistan

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others

Revenue model

1. Insurance Premiums: Uzagrosugurta generates revenue primarily through insurance premiums collected from more than 140 types of insurance services across auto, agriculture, property, health, accident, and other insurance lines. The company collects premiums from both mandatory (compulsory) insurance types and voluntary (ixtiyoriy) insurance. In 2023, total premiums collected were 393.15 billion UZS (71.54 billion mandatory, 321.61 billion voluntary). In 2024, premiums reached 430 billion UZS.
2. Reinsurance Premiums: The company cedes portions of its insurance portfolio to international reinsurance partners (Hannover Re, PartnerRe, Swiss Re, PICC P&C) and receives reinsurance premiums, diversifying risk and generating additional revenue streams.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels7 records

Core offering

Uzagrosugurta JSC is a state-owned universal insurance company offering more than 140 insurance products across mandatory and voluntary lines, including compulsory civil liability for vehicle owners (OSAGO), vehicle (KASKO), agricultural crop, employer civil liability, mortgage, property, accident, migrant, and various specialized personal insurance products. Products are distributed through 14 regional branches, 191+ insurance centers, an insurance agent network, bank channels, and the digital E-Polis self-service portal (mypolis.agros.uz), with all policies now processed through the Uzagros Online unified electronic information system.

Product overview

Uzagrosugurta JSC operates as a universal insurance company offering over 140 insurance services through a multi-channel distribution model. The core platform consists of the Uzagros Online digital system integrated with the national electronic information system, enabling electronic policy issuance. The product portfolio spans mandatory insurance types (vehicle owner liability, employer liability), voluntary insurance (accident, property, agricultural crop), and specialized products for various segments including students, athletes, hotel guests, migrants, and pregnant women. Online services are delivered through the E-Polis (mypolis.agros.uz) portal, which offers 26+ insurance products for direct online purchase.

Differentiator

Problem solved

Functional benefit

Products and services

• Compulsory Civil Liability Insurance for Vehicle Owners (OSAGO) Mandatory insurance covering the liability of vehicle owners for damage caused to third parties (life, health and/or property) while the vehicle is being used. Issued under government-regulated pricing; victims receive compensation.
• Voluntary Vehicle Insurance (KASKO) Voluntary comprehensive vehicle insurance covering road traffic accidents, fire, explosion, collisions, natural disasters, theft, and third-party illegal actions for individual and corporate vehicle owners.
• Agricultural Crop Insurance Insurance for agricultural crops including cotton and wheat against natural disasters, pests, weather events, and other farming risks, offered to dehqon farms, agricultural companies, and agribusinesses with a 50% state subsidy on crop insurance premiums.
• Population Property Insurance Insurance for household property and real estate of citizens, providing financial protection for individuals' homes and personal property against damage or loss.
• Mortgage Insurance (Ipoteka) Insurance coverage for mortgage loans and pledged property, protecting lenders' collateral and covering damages to mortgaged assets.
• Employer's Civil Liability Insurance Mandatory insurance for employers' civil liability per government resolution, covering damages employers must compensate for work-related injuries and occupational hazards affecting employees.
• Student Accident Insurance Insurance coverage for higher-education students against accidents occurring during educational activities and related contexts.
• Family Accident Insurance Comprehensive personal accident insurance providing coverage for family members against accidents.
• Pupil/Schoolchildren Accident Insurance Insurance coverage for schoolchildren and preschool-age children against accidents in educational settings.
• Hotel Guest Accident Insurance Comprehensive accident insurance covering guests staying at hotels against accidents during their stay.
• Athlete Accident Insurance Insurance coverage against accidents for professional and amateur athletes during training and competitions.
• International Bus Passenger Accident Insurance Accident insurance for passengers traveling on international bus routes, covering injury or death during international travel.
• Public Event Spectator Accident Insurance Accident insurance for spectators attending public events, concerts, sports matches, and mass gatherings.
• Infectious Disease Preventive Insurance Insurance coverage against the financial consequences of contracting infectious diseases.
• AGUS (Gas Equipment Insurance) Insurance covering risks associated with compressed natural gas (CNG) and other gas equipment installed in vehicles.
• Pregnant Women and Newborn Insurance Insurance coverage for pregnant women and their newborns, covering life, health, and property interests of mother and child.
• Consumer Credit Non-Repayment Insurance Insurance protecting lenders against consumer credit default risks when borrowers fail to repay consumer loans.
• Migration Insurance Insurance coverage for Uzbek labor migrants traveling abroad for temporary work, covering life, health, and other risks during overseas employment; government subsidizes 50,000 UZS per migrant.
• E-Polis (Online Polis) Platform Digital self-service platform enabling customers to purchase, verify, and manage 26+ insurance policies online through the mypolis.agros.uz portal, with all policies processed via the government-integrated Uzagros Online system.

Quantifiable outcome

• 2024: 430 billion UZS in insurance premiums collected; 42.1 billion UZS in claims paid
• +3 more outcomes

Named customers8 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Twelve partnerships are on record, tiered minor and core.

• European Institute of Applied Sciences and Management (Czech Republic)minorStrategic or Co-development Partner · 1 January 2026Memorandum of understanding signed with the Czech Republic's European Institute of Applied Sciences and Management and Czech Republic consuls for education programs, scientific and practical experience exchange, and training of highly qualified specialists.
• External Labor Migration Agency of UzbekistancoreStrategic or Co-development Partner · 1 January 2019Partnership agreement signed for comprehensive insurance of Uzbek citizens traveling abroad for temporary labor. In 2022, 28,437 citizens were insured through this program. Government subsidizes 50,000 UZS per migrant.
• Hannover RecoreTechnology or IntegrationLeading European reinsurance company and one of Uzagrosugurta's key reinsurance partners for obligatory reinsurance programs, enabling large risk coverage and international credibility.
• PartnerRecoreTechnology or IntegrationInternational reinsurance company partnering with Uzagrosugurta for reinsurance programs, diversifying risk portfolio and enabling large-scale coverage.
• Swiss RecoreTechnology or IntegrationGlobal reinsurance leader providing reinsurance capacity and expertise to Uzagrosugurta for various insurance lines.
• PICC P&C (China)coreTechnology or IntegrationChinese insurance company and key reinsurance partner for Uzagrosugurta's international reinsurance operations.
• National Bank of Uzbekistan (NBU)minorChannel Partner/ Reseller/ DistributorReliable partner bank — listed on the website's reliable partners section. Offers credit-linked insurance products.
• IpotekabankminorChannel Partner/ Reseller/ DistributorPartner bank for mortgage and credit-linked insurance products. Listed as a reliable partner.
• AsakabankminorChannel Partner/ Reseller/ DistributorCommercial bank partner for insurance distribution. Listed as a reliable partner.
• UzautomotorsminorChannel Partner/ Reseller/ DistributorAutomotive company listed as reliable partner, likely for vehicle insurance integration.
• Anticorruption Agency of UzbekistancoreStrategic or Co-development PartnerPartnership with the Anticorruption Agency for anti-corruption compliance, staff training, and internal control systems. Includes joint seminars, working groups, and anti-corruption action plan implementation.
• UzgidrominorChannel Partner/ Reseller/ DistributorListed as reliable partner on the company website.

Scale indicators11 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Uzbekinvest National Insurance Company: Uzbekistan's state-owned national insurance / export credit company. Directly comparable as another large, state-controlled multi-line insurer operating under similar regulatory and policy-driven dynamics within the Uzbek market.
• Kafolat Insurance: State-affiliated multi-line insurance company in Uzbekistan. Comparable as a domestic Uzbek insurer competing for the same compulsory and voluntary book across individuals and corporates.

Broad incumbents

• UNIQA Insurance Group: Austrian multi-line insurer with a long-standing footprint across Central Asia and the CIS. Comparable as a broader European incumbent operating in the same regional insurance market with overlapping product lines.
• RESO-Garantia: One of the largest Russian multi-line insurance companies with motor, property, and personal lines. Comparable as a broader regional incumbent with a similar multi-line, multi-channel distribution model and a meaningful motor (OSAGO-equivalent) book.

Regional players

• Halyk Insurance (Halyk Group): Major Kazakh multi-line insurer embedded within a large banking group. Comparable as a regional CIS state-linked banking/insurance platform using similar bancassurance and multi-channel distribution dynamics.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/uzagrosugurta-state-joint-stock-insurance-company

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Uzagrosugurta state joint stock insurance company