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Finance 09/02/2015 Uzbek insurance companies collect premiums for 439.134 billion soums in 2014
Uzbek insurance companies collect premiums for 439.134 billion soums in 2014
Tashkent, Uzbekistan (UzDaily.com) -- Insurance companies of Uzbekistan collected insurance premiums for 439.134 billion soums in 2014, which rose by 30% compared to 2013 (338.134 billion soums in 2013), according to the data of the Ministry of Finance of Uzbekistan.

The volume of insurance premiums, collected on voluntary insurance products, reached 300.67 billion soums in 2014 (235.535 billion soums in 2013) and mandatory insurance products – 138.464 billion soums (102.948 billion soums). The growth rate made up 28% and 34% respectively.

In 2014, the insurance company increased insurance payouts by 12% year-on-year to 74.632 billion soums. The volume of payouts on voluntary insurance products reached 45.326 billion soums (-5%) and on mandatory insurance products – 29.306 billion soums (+54%).

The insurance liabilities of the industry rose by 49% year-on-year in 2014 and reached 240.519 trillion soums. The liabilities on voluntary insurance products made up 190.341 trillion soums (+51%) and mandatory insurance – 50.179 trillion soums (+41%).

Investments of insurance companies of Uzbekistan exceeded 623.713 billion soums (+18%), of which deposits were 293.908 billion soums (+24%), securities – 250.56 billion soums (+7%), loans – 6.697 billion soums (+35%), real estate – 27.846 billion soums (+45%). At the same time, the companies invested 43.524 billion soums to charter capital of the enterprises (+65%) and other investments made up – 1.179 billion soums (-72%).

Aggregate charter capital of insurance companies rose by 26% year-on-year to 361.295 billion soums as of the end of 2014 (in US dollar equivalent – US$64.3 million). As of 1 October 2014, there were 31 insurance companies in the market.

Uzagrosugurta (83.076 billion soums, growth rate – 34.7%), Uzbekinvest (60.71 billion soums, +37.6%), Kafolat (42.133 billion soums, +35.3%), were in Top 3 of companies on the volume of collected insurance premiums in 2014.

Uzagrosugurta (13.979 billion soums, +66.8%), Uzbekinvest (12.71 billion soums, -52.6%) and Uzbekinvest Hayot (9.356 billion soums, +57%) were top three companies on the volume of payouts in 2014.

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