Uzbek insurance companies increase premiums by almost 30% in Jan.-Sept.
Tashkent, Uzbekistan, Oct. 27
By Demir Azizov- Trend:
Uzbek insurance companies increased insurance premiums by 29 percent, up to 316.559 billion soums in January-September 2014 compared to the same period of 2013.
Some 218.814 billion soums (a growth of 125 percent) of premiums collected on voluntary insurance in January-September, 97.745 billion soums on compulsory insurance (a growth of 38 percent).
"Uzagrosugurta" State Joint-stock Insurance Company (JSC) with 60.332 billion soums (a growth of 30.2 percent), "Uzbekinvest" National Export - Import Insurance Company with 37.439 billion soums (a growth of 31.3 percent), Kafolat with 30.57 billion soums (a growth of 30.2 percent), "Alfa Invest" JSC - 20.789 billion soums (a growth of 16.5 percent), "Kapital Sugurta" JSC - 20.693 billion soums ( a growth of 56.8 percent) are entered into the top five leading companies to collect premiums during this period.
Aggregate payments of insurers decreased by 5 percent - up to 49.197 billion soums in Uzbekistan in January - September. The payments on voluntary types of insurance fell by 21 percent - up to 30.197 billion soums, on compulsory insurance - increased by 41 percent up to 19 billion soums.
The largest volume of payments was carried out by "Uzagrosugurta" - 9.313 billion soums ( a growth of 93.3 percent), "UzbekInvest" - 8.941 billion soums (a decrease of 62.9 percent), "UzbekInvest hayot", which specializes in life insurance - 6.903 billion soums (a growth of 51.4 percent), "Kafolat" - 4.665 billion soums ( a growth of 0.8 percent), "Agro Invest Sugurta" JSC - 4.095 billion soums (a growth of 36.3 percent).
Some 31 insurance companies operated in Uzbekistan with total registered capital in the amount of 339.777 billion soums within six months of 2014, the finance ministry reported.
In 2013, the Uzbek insurers increased collection of premiums by 32.1 percent up to 338.483 billion soums compared to 2012, the volume of payments increased by 53.4 percent up to 66.92 billion soums.
The official exchange rate is 2379,75 soums /$ 1 Oct. 27.
edited by CN