Uzbek Export-Import Insurance Company increases premium collection by 1.4 times
Uzbekistsan, Tashkent, Feb. 20 /Trend, D. Azizov/
The Uzbek National Export-Import Insurance Company "Uzbekinvest" increased the volume of collected insurance premiums by almost 1.4 percent in 2012 compared to 2011, the company said.
As reported earlier, "Uzbekinvest" collected 31.9 billion soums in insurance premiums in 2011.
Payment of insurance compensations increased by 1.2 times, reaching 6.4 billion soums.
The volume of insurance company's liabilities increased by almost two times in 2012 compared to 2011. In particular, the volume of services provided by the company to domestic exporters and investors grew by almost 1.3 times, coverage was provided to 65 investment projects included in the investment program of the Republic, the report said.
"Uzbekinvest" is the largest insurance company in Uzbekistan and has been operating since 1994. The company is a state agency for export-import insurance. It renders all types of general insurance in the domestic market.
The total number of the company's territorial divisions (subsidiaries and branches) amounted to 106 units as of late 2012, while the number of insurance agents reached 1.043 units, a 1.5-fold increase compared with 2011.
Uzbekinvest's main mission is assistance in attracting foreign investments into Uzbekistan's economy and increasing export potential.
The company's authorized capital is $60 million. Uzbekinvest's founders are the Uzbek Ministry of Finance (83.3 percent) and the National Bank for Foreign Economic Activity (16.7 percent).
The official exchange rate is 2,015.77 soums/$1 on February 20.