Uzbekistan Revokes Insurance License of GLOBAL INSURANCE GROUP
Uzbekistan's National Agency for Advanced Projects has annulled the license of the foreign insurance company effective May 9, 2026.
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Uzbekistan's National Agency for Advanced Projects has revoked the insurance license of GLOBAL INSURANCE GROUP. The decision takes effect on May 9, 2026, according to the agency's notification.
The company has been given time to settle its obligations to clients and partners. The reasons for the license revocation were not specified in the official statement. GLOBAL INSURANCE GROUP was one of the operators on Uzbekistan's insurance market and provided services to individuals and legal entities.
The decision reflects stricter regulatory oversight in the country's financial sector. Similar measures have been previously applied to other financial institutions to ensure market stability and protect consumer rights.