Tashkent, Uzbekistan, Nov. 10
By Demir Azizov – Trend:
Insurance companies of Uzbekistan increased collection of premiums by 35 percent to 500.12 billion Uzbek soums in January-September 2016, as compared to 371.15 billion soums in the same period of 2015, said the country’s Ministry of Finance.
The voluntary insurance premiums increased by 45 percent to 344.32 billion soums (from 237.02 billion soums), compulsory insurance premiums – by 16 percent to 155.81 billion soums (from 134.13 billion soums).
During the reporting period, the following companies entered the top five for the collection of premiums: Uzagrosugurta JSC – 117.05 billion soums (growth by 42.1 percent), National Export-Import Insurance (NEIIC) Uzbekinvest – 58.95 billion soums (growth by 19.3 percent), Insurance company Kafolat JSC – 55.41 billion soums (growth by 33.5 percent), Alfa Invest – 31.32 billion soums (growth by 43.7 percent) and Alskom JSC – 27.62 billion soums (growth by 18.6 percent).
Total payments of Uzbek insurers rose by 31 percent to 94.48 billion soums in January-September 2016 compared to 72.37 billion soums in the same period of 2015.
Payments on voluntary insurance increased by 55 percent to 61.96 billion soums (39.91 billion soums in 2015), and the payments on compulsory insurance amounted to 32.52 billion soums during the period.
The largest volume of payments were carried out by Uzagrosugurta – 20.75 billion soums (growth by 13.1 percent), Uzbekinvest Hayot specialized in life insurance – 15.09 billion soums (43.5 percent), Kafolat Insurance company – 12.71 billion soums (growth by 42.8 percent), NEIIC Uzbekinvest – 10.09 billion soums (growth by 5.1 percent), New Life Insurance LLC – 7.96 billion soums (growth by 93.9 percent). About 70.5 percent (966.6 billion soums) of the total volume of payments accounted for these companies.
Currently, 26 insurance companies operate in Uzbekistan.