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This report aims to provide a detailed overview of the current status of disaster insurance for residential property in Uzbekistan, identify gaps, and provide recommendations for a way forward. It is structured in three main parts. The first part provides an overview of Uzbekistan disaster profile and buildings’ seismic vulnerability based on a risk assessment performed for the Kyrgyz Republic. The second part provides an overview of the local insurance market, disaster insurance line of business and analyzes the current gaps in coverage and regulation. It also provides recommendations on how to address them with the view to establishing an effective disaster insurance program. The third part reviews four examples of disaster insurance programs from the Kyrgyz Republic, Romania, Turkey and New Zealand.

According to the report, the government of Uzbekistan should consider the following actions to further strengthen disaster insurance:

• Establish a centralized disaster insurance national pool in the form of a public-private partnership;
• Improve the regulatory framework for disaster insurance;
• Strengthen the insurance supervision of the disaster insurance market and introduce adequate reporting of catastrophe risk accumulations retained by insurance companies; and
• Invest in better risk information systems.