Tashkent, Uzbekistan, Jan. 17
By Demir Azizov - Trend:
The Kafolat State Joint-Stock Insurance Company, one of five largest insurers of Uzbekistan, increased its collection of insurance premiums by 40.1 percent - to 29.3 billion soums in 2013, a representative of the insurance company told Trend on Friday.
The premiums on the main kinds of insurance based on a total volume of revenues - compulsory insurance of civil liability of vehicle owners and the compulsory insurance of civil liability of the employer amounted to 15.6 billion soums or 53.2 percent.
The revenues on compulsory insurance of civil liability of vehicle owners hit 10.7 billion soums (36.5 percent of a total volume of premiums), while 4.9 billion soums (16.7 percent) in the compulsory insurance of civil liability of the employer.
The company's joint insurance liabilities as of 2013 amounted to 9.5 trillion soums, which is 39.7 percent more than in 2012.
The payments for 2013 amounted to 5.9 billion soums, exceeding the amount of payments for 2012 by 2.4 times.
Kafolat was founded in 1997 upon the Uzbek government's decision. The company renders more than 80 types of insurance in over 150 territorial divisions throughout the country.
As of Jan. 1, 2014, the company's investments made up 28.5 billion soums, which is 26.1 percent more than a year ago.
Currently, the authorized capital of the insurer amounts to 8.2 billion soums.
The largest shareholders are the National Bank for Foreign Economic Activity - 32 percent, the Navoi Mining and Metallurgical Combine (NMMC) - 21.2 percent, public joint stock company Uzagrosugurt - 12.8 percent, Uzbek Ministry of Finance - 9.5 percent and Almalyk Steel and Mining plant - 9.1 percent.
In 2012 Kafolat increased insurance premium collection by 39.6 percent - to 20.8 billion soums. The company's total insurance liabilities totaled about 6.8 trillion soums as of late 2012 or 38.4 percent more than the same period in 2011. The payments amounted to 2.5 billion soums as of 2012. The volume was the same in the previous year.
The official exchange rate is 2.203.29 soums / $1 on Jan. 17.
