Uzbekistan, Tashkent, July 31 / Trend D. Azizov /
UzbekInvest National Export-Import Insurance Company, the largest insurance company in Uzbekistan, increased insurance premiums by 29.1 percent up to 29.503 billion soums in January-June 2013 compared to the same period of last year, the company reported today.
According to the report, in particular, the amount of premiums received from export insurance, amounted to 230 million soums (an increase of 97 percent), from property insurance and personal interests of small business entities and entrepreneurs - 1.24 billion soums (an increase of 35 percent); on compulsory insurance of civil liability of vehicle owners - 1.8 billion soums, on mandatory insurance of civil liability of employer - 2.5 billion soums.
The payment of claims increased by 6.8 times - to 21.4 billion soums in the first half of this year.
The company signed more than 95,000 insurance contracts (an increase of 40 percent), the amount of taken insurance liabilities is 18.8 trillion soums (an increase of 19 percent) in January-June 2013.
The company continued working to ensure a comprehensive insurance coverage for 42 projects included in the investment program of the republic for 2013 for a total amount of insurance liabilities worth 7.119 trillion soums (an increase of 14 percent).
"UzbekInvest" is the Uzbek largest insurance company. It has been operating in the republic since 1994. The company is a state export-import insurance agency and carries out all types of general insurance in the domestic market.
The total number of the company's branches and offices as of late June amounted to 96, the number of insurance agents reached 1,116 compared to 1,043 as of early 2013.
UzbekInvest's main mission is to assist in attracting foreign investments in the Uzbek economy.
The insurance company's authorized capital hits $60 million. UzbekInvest's founders are the Uzbek Ministry of Finance (83.3 percent) and the National Bank for Foreign Economic Affairs (16.7 percent).
The insurance company increased the volume of collected insurance premiums by almost 1.4 times up to 44.7 billion soums in 2012 compared to 2011. The payment of insurance claims increased by 1.2 times - up to 6.4 billion soums in 2012.
The official exchange rate is 2.107.93 soums/$ 1 on July 31.