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Finance 01/02/2016 KAFOLAT Insurance Company increases collection of premiums by 38% in 2015
KAFOLAT Insurance Company increases collection of premiums by 38% in 2015
Tashkent, Uzbekistan (UzDaily.com) -- KAFOLAT Insurance Company collected insurance premiums for 57.8 billion soums in 2015, which rose by 376% compared to 2014.

According to the company, it signed 634,000 insurance agreements in 2015.

Total insurance liabilities of insurance company in 2015 made up 29.5 trillion soums, which rose by 95.3% compared to 2014.

The company said that it settled almost 4,000 applications for insurance compensations. The company made up almost 11-12 insurance payouts. Total insurance payouts in 2015 made up over 10.4 billion soums.

The major of the payouts were made on such products as compulsory insurance of civil liability of the employer, compulsory insurance of civil liability of vehicle owners, insurance of the pledged property, as well as personal insurance.

As of 1 January 2016, the investments of the company made up 40.3 billion soums, increasing by 24% year-on-year.

The insurance reserves of the company rose from 33.9 billion soums in the beginning of 2015 to 46.4 billion soums in the end of 2015, which rose by 36.7%.

In 2015, KAFOLAT directed 400 agreements with total liability for 10.4 trillion soums in 2015. It also received 1,000 agreements for reinsurance with the liability of 10.2 trillion soums.

The company said that about 14.7 billion soums of insurance liabilities were received from individuals and 9.3 billion soums – from small and private enterprises.

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