President of Uzbekistan signed a resolution in 2011, which envisages increasing minimum size of charter capital for insurance companies by 2015.

According to the document, from 1 July 2011, the minimum size for insurance companies, operating in general industry, set at the size of 1,125 million euros.

The minimum size for insurance companies, working in life insurance, set at the size of 1.5 million euros and for companies, operating in mandatory insurance market, - 2.25 million euros, and for reinsurance companies – 5 million euros.

The resolution set next stage of raising charter capital for local insurance companies from 1 July 2014.

From this time, the companies, working in general insurance, should have charter capital equal to 1.5 million euros, insurers, operating in life insurance, - 2 million euros, and companies, working in mandatory insurance, - 3 million euros, as well as re-insurance firms – 6 million euros.