Tashkent, Uzbekistan, Feb. 8
By Demir Azizov – Trend:
The Uzbek insurance companies increased collection of premiums by 34.3 percent to 692.594 billion Uzbek soums in 2016 as compared to 2015, the country’s Ministry of Finance said Feb. 7.
The voluntary insurance premiums increased by 47.4 percent to 485.008 billion soums, compulsory insurance premiums – by 11.2 percent to 207.587 billion soums.
During the reporting period, the following companies entered the top five for the collection of premiums: Uzagrosugurta JSC – 142.643 billion soums (growth by 30.3 percent), National Export-Import Insurance (NEIIC) Uzbekinvest – 103.904 billion soums (growth by 30.1 percent), Insurance company Kafolat JSC – 75.288 billion soums (growth by 30.4 percent), Alskom JSC – 38.858 billion soums (growth by 20.7 percent), Alfa Invest – 38.609 billion soums (growth by 43 percent).
Around 57.7 percent of the total volume of collected premiums accounted for those companies.
Payments on voluntary insurance increased by 73.7 percent up to 97.373 billion soums, and the payments on compulsory insurance decreased by 24.4 percent up to 33.084 billion soums.
The largest volume of payments were carried out by Uzagrosugurta – 29.415 billion soums (growth by 18.7 percent), Uzbekinvest Hayot specialized in life insurance – 20.336 billion soums (growth by 39.4 percent), Kafolat Insurance company – 17.418 billion soums (growth by 44 percent), NEIIC Uzbekinvest – 15.008 billion soums (growth by 24.6 percent), New Life Insurance LLC – 11.113 billion soums (growth by 2.2 times).
Currently, 26 insurance companies operate in Uzbekistan.
The official exchange rate is 3294.74 soums /$ 1.