NAPP Suspends License of Euroasia Insurance
Published
A deadline of ten days is set for the company
The National Agency for Perspective Projects (NAPP) has decided to suspend the license of Euroasia Insurance Company. This announcement was published on the agency’s portal.
As a result of the suspension, the insurer is prohibited from entering into new contracts or renewing existing ones until December 16.
Despite the license suspension, Euroasia Insurance is still required to fulfil its obligations under previously agreed contracts.
Founded in 1998, Euroasia Insurance reported a net profit of over 6.3 bn soums for the third quarter of 2024.
Kursiv Uzbekistan also reports that the NAPP has revoked Euroasia Life Insurance Company’s license.
