In line with the decision of the Supervisory Council of Kafolat, the First Deputy Director-General of the company Ravshan Narzullaev was appointed as acting director-general.

State joint stock insurance company Kafolat was founded in 1997 in line with the resolution of the Cabinet of Ministers of Uzbekistan.

The company was founded to fully satisfy demands of population and enterprises in insurance services. The charter capital of the company makes up 8.4 million euros.