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Finance 23/02/2015 Uzbekinvest provides insurance protection to exporters for US$130.9m in 2014
Uzbekinvest provides insurance protection to exporters for US$130.9m in 2014
Tashkent, Uzbekistan (UzDaily.com) -- National export-import insurance company collected insurance premiums for 60.4 billion soums in 2014, which rose by 17.4 billion soums compared to 2013, the press service of the company said.

Last year, the insurance liabilities of the Uzbek insurance company made up 129.2 trillion soums, which rose by 173.2% compared to 2013.

The company signed over 150,000 insurance agreements, including 220 insurance agreements on export insurance.

The Uzbek company provided insurance coverage for US$130.9 million to national exporters. The premiums, collected on export insurance, mad up 376.7 million soums with the growth of 33%.

Uzbekinvest provided insurance services for 12.7 trillion soums on 81 projects, including to the state investment programme. The company signed 8,700 agreements with small and private enterprises and provided insurance coverage for 941 billion soums. The sum of collected insurance premiums exceeded 3.2 billion soums, which rose by 23% compared to 2013.

The insurance company said that it signed 81,200 insurance agreements on mandatory insurance of civil liability of vehicle owners. The insurance premiums made up 3.3 billion soums, growing by 3.9% year-on-year.

On mandatory insurance of civil liability of employers, the company inked 3,500 agreements in 2014 and collected insurance premiums for 5.13 billion soums, which rose by 25.3%. These two products accounted 14% of insurance portfolio of Uzbekinvest in 2014.

The company said that the volume of insurance payouts in 2014 reached 12.2 billion soums. About 22 of payouts fell to share of property insurance, 21.8% - automobile insurance, 11.1% - liability insurance, 8.5% - insurance of civil liability of employers, etc.

About 60.7% of total insurance premiums or 36.6 billion soums were collected by head office of Uzbekinvest and 23.7 billion soums (39.3%) – by offices of the company in the regions.

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