Tashkent, Uzbekistan (UzDaily.com) —  The National Agency for Prospective Projects (NAPP) has suspended the license of Neo Insurance Corp for 10 days.

According to NAPPA’s decision, effective from 20 August 2024, the license issued on 1 February 2024, under number 216084, has been temporarily suspended for 10 days.

During this period, Neo Insurance Corp is prohibited from entering into new insurance and reinsurance contracts, as well as from extending the duration of existing contracts.

Despite the suspension of its license, the company is required to fully meet its obligations under existing insurance and reinsurance contracts.