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Improving the Role of Eximbanks/ECAs in the OIC Member States

167

Uzbekistan

National Export-Import Insurance Company (Uzbekinvest NEIIC)

http://en.uzbekinvest.uz/

Name of Entity:

National Export-Import Insurance Company (Uzbekinvest NEIIC)

Status:

Full Government Ownership

(Ministry of Finance of the Republic of

Uzbekistan, 83%; National Bank for Foreign

Economic Activity of the Republic of

Uzbekistan, 17%)

Corporate Form:

State-owned company

Year of Establishment

: 1994

Capital:

USD 60 million

Size of staff:

N/A

Financial outturn:

N/A

Assets:

N/A

Product Offerings

Financing:

None

Guarantee:

None

Insurance

Insurance of export-import transactions / Investment insurance

Trade and credit insurance

Insurance against contract cancellation

Property insurance / Ipoteca insurance

Insurance of the electronic equipment

Motor insurance / Medical insurance

Insurance against infectious disease

Accident insurance

Civil and professional liability insurance

Cargo insurance

Construction and assembly risk insurance

Aviation insurance

Bonding Facilities

Wrongful calling on-demand bonds or guarantees

Advisory and Other Services

While Uzbekinvest does not directly offer advisory services, it has a branch which serves as the

service agency named Uzbekinvest Assistance and provides insurance services

Islamic Finance Instruments:

None

Business Volumes:

2012

2013

UZS Bn

45

53

USD Mn

20

24

Source: Annual Report

Top Exports / Export Markets:

Products Exported (2013)

HS Code Description

Value (USD Mn)

%

50-63

Textiles, Clothing

1,406

23.3%

27

Oil & Gas

1,283

21.2%

72-83

Metals

750

12.4%

Others

2,600

43.1%

Total

6,040

100.0%

Source: UN Comtrade

Top 3 Destinations (2013)

Order

Country

Value (USD Mn)

%

1

China

1,938 32.1%

2

Russian Federation

1,257 20.8%

3

Kazakhstan

963 15.9%

Others

1,882 31.2%

Total

6,040 100.0%

Source: UN Comtrade