Driving Growth and Bridging Gaps: Oybek Khalilov on Mosaic Insurance Group’s Success in Central Asia

In a recent interview, Oybek Khalilov, CEO of Mosaic Insurance Group (MIG), shared insights on the company’s rapid growth and the unique opportunities in Central Asia’s insurance market. Founded in 2021 and based in Uzbekistan, MIG has seen a remarkable 600% average annual growth in Gross Written Premium. With a B1 rating from Moody’s, backed by strong reinsurance partners and an A++ local rating, MIG stands out as the only Western-styled insurer in the region, providing international standards of governance and transparency. Khalilov emphasized the company’s commitment to filling the insurance void left by global insurers after the 2008 financial crisis, serving both local markets and international reinsurance. With plans to have 50% of GWP from international reinsurance by 2024, MIG is poised to expand its influence while maintaining a strong focus on risk management and capital adequacy.