OREANDA-NEWS. May 14, 2010. Business meeting between management of NEIIC Uzbekinvest and President of one of the largest Japanese insurance companies "Sompo Japan Insurance" Sato Masatoshi has taken place within the framework of the delegation which has arrived to Uzbekistan for participation at 43rd annual session of the Asian development bank, reported the press-centre of Uzbekinvest.

"Sompo Japan" company is one of the oldest insurance companies of Japan, created in 1888 under the name "Yasuda Fire and Marine". The company has received its present name in 2002 after joining to of three large and known insurance corporations of Japan: Nissan Fire Marine, Dai-lchi Life P&C and Taisei Fire&Marine.

At a meeting issues on a condition of the insurance market of Republic Uzbekistan, work in the field of perfection of the insurance legislation, realisation of laws by obligatory kinds of insurance have been discussed. In the context of establishment of possible cooperation, information on activity of Uzbekinvest company in the field of insurance and reinsurance of export-import transactions risks, insurance of property interests of foreign investors upon political and commercial risks under the trading contracts which are carried out between Uzbekistan and foreign countries has been presented to Japanese party.

As a result of carried negotiations, the parties have agreed further to carry out bilateral partnership and to develop exchanges between the companies within the limits of the general context of efforts on expansion of trade and economic cooperation between Uzbekistan and Japan.