Curated News
By: NewsRamp Editorial Staff
July 04, 2025
TBC Uzbekistan Expands Digital Ecosystem with Fully Digital Insurance Launch
TLDR
- TBC Uzbekistan's launch of TBC Insurance offers customers a competitive edge with seamless digital access to credit life and future personal insurance products.
- TBC Insurance integrates into the TBC UZ app, starting with credit life insurance, with plans to expand into a full suite of personal insurance products.
- TBC Insurance enhances financial security and control for users in Uzbekistan, contributing to a more inclusive and digitally empowered society.
- With over 140,000 policies already issued, TBC Insurance, led by industry veteran Ekaterina Lotuashvili, marks a bold step in Uzbekistan's digital banking evolution.
Impact - Why it Matters
The introduction of TBC Insurance by TBC Uzbekistan represents a pivotal shift in how insurance services are delivered in Central Asia, offering a fully digital, seamless experience that aligns with the growing demand for modern financial solutions. This move not only enhances the financial security and convenience for customers but also strengthens TBC Uzbekistan's position as a leader in the digital banking sector. For the digitally savvy population of Uzbekistan, this means easier access to essential financial services, fostering greater financial inclusion and empowerment. The expansion into insurance is a clear indicator of the evolving financial landscape in Central Asia, where digital solutions are becoming increasingly integral to everyday life.
Summary
TBC Uzbekistan, a frontrunner in Central Asia's digital banking sector, has officially launched TBC Insurance, marking a significant expansion of its digital ecosystem. This innovative service, accessible through the TBC UZ banking app, introduces a fully digital approach to insurance, starting with credit life insurance and planning to extend to a comprehensive range of personal insurance products. The initiative, led by seasoned insurance expert Ekaterina Lotuashvili, follows a successful soft launch in April 2025, with over 140,000 policies already issued. This development is part of TBC Uzbekistan's broader strategy to enhance its digital banking services, which includes the introduction of the Salom debit card, Osmon credit card, and SME banking services, contributing to a robust ecosystem that caters to the evolving needs of Uzbekistan's digitally savvy population.
Under the leadership of CEO Nika Kurdiani, TBC Uzbekistan is not just expanding its product lineup but is also reinforcing its commitment to providing secure and empowering financial solutions. The launch of TBC Insurance is a testament to the company's vision of creating a seamless and integrated digital banking experience. As part of the London-listed TBC Bank Group, TBC Uzbekistan's rapid growth and innovative offerings, such as the Payme digital payments app and Payme Nasiya instalment credit service, underscore its position as a transformative force in Central Asia's financial sector. With a user base that now exceeds half of Uzbekistan's population and impressive financial performance in Q1 2025, TBC Uzbekistan is setting new benchmarks for digital banking ecosystems globally.
Source Statement
This curated news summary relied on content disributed by citybiz. Read the original source here, TBC Uzbekistan Expands Digital Ecosystem with Fully Digital Insurance Launch
