Uzbekistan
UZBEKISTAN: from January to September O'zbekinvest Hayot paid claims 88% more y-o-y
From January to September this year paid claims' growth rate of O'zbekinvest Hayot amounted to 88% y-o-y and reached UZS 49.6 billion, as UzReport informed.
8 November 2018Uzbek export-import insurance company doubles volume of premiums
5 November 2018UZBEKISTAN: one of the key insurers - INGO-UZBEKISTAN celebrates 10 years of successful operations
INGO-UZBEKISTAN, one of the key local insurers, on October 25 celebrated 10 years of successful operations and 15 years of its parent company presence in the Uzbek insurance market.
31 October 2018UZBEKISTAN: ASIA Insurance posted an increase of over 120% on main insurance segments for the first 9 months of the year
ASIA Insurance, one of the leaders in the Uzbek insurance market, posted a 120.5% increase in premiums in the first 9 months of this year, in comparison to the same period from 2017, according to a recent press release from the insurer.
25 October 2018STATISTICS: UZBEKISTAN, 1H 2018: voluntary insurance in local currency jumped by more than 116%, while in euro this growth amounted to about 4%
In the first half year, Uzbek insurers generated UZS 817.6 billion (EUR 89.12 million) of GWP, which in local currency means a y-o-y growth of 87.53%, while in euro the market GWP dropped by 10.19% due to significant depreciation of UZS against EUR, according to the data of the Ministry of Finance of Uzbekistan.
19 September 2018Uzbek insurance companies increase value of collected insurance premiums
13 September 2018UZBEKISTAN: life paid claims' share in the first half of the year exceeded the share of non-life paid claims for the first time in local market history, amounting to 55%
According to the Ministry of Finance of Uzbekistan total paid claims went up by 27% to UZS 177.1 billion* in the first half of the year. With that, total GWP amounted to UZS 817.6 billion, 88% more than a year ago.
11 September 2018UZBEKISTAN: Premium of GROSS INSURANCE went up by 144.3% y-o-y
Premiums of GROSS INSURANCE for the first half of 2018 exceeded UZS 78.5 billion*, which is 144.3% more than a year ago. Among 27 local insurers, GROSS INSURANCE ranks 3rd in terms of generated premiums, as data of the Ministry of Finance of Uzbekistan show.
5 September 2018UZBEKISTAN: an Uzbek national import-export insurance company was assigned the highest national rating
Based on 2017 results, the Uzbek national rating agency SAIPRO assigned
the national import-export insurance company UZBEKINVEST a rating of
"uzA++" (Excellent financial reliability), as reported by the insurer.
22 August 2018UZBEKISTAN: top insurer Oʻzbekinvest Hayot reported a GWP growth rate of 59% in 1H2018
Oʻzbekinvest Hayot, one of Uzbek top insurers, recorded a 59% y-o-y GWP growth rate in 1H 2018, to over UZS 47.6 billion (~EUR 5.2 million), while the total number of policies increased by 7% y-o-y, according to the information agency UzReport.
22 August 2018UZBEKISTAN: O'zbekinvest Hayot year paid claims worth UZS 34.2 billion in 1H2018
Based on the first half year results paid claims of O'zbekinvest Hayot exceeded UZS 34.2 billion* (up by 96.3% compared to the same period last year).
9 August 2018UZBEKISTAN: License of major Uzbek insurance company suspended
15 July 2018UZBEKISTAN: over the next 5 years the share of life insurance may reach 50%
According to the data of the Ministry of Finance of the Republic, Uzbek insurance market demonstrated in the 1st quarter a very high growth rate compared to the previous quarters.
4 July 2018STATISTICS: UZBEKISTAN, 1Q2018: market results strongly affected by the y-o-y currency depreciation against euro
In Q1 2018 Uzbek insurance market saw a significant growth in local currency by 83.2%, while in European currency total premiums dropped by 29.13% due to big depreciation against euro compared to Q1 2017 (almost 3 times), according to the official report of the Uzbek insurance supervisory authority.
6 June 2018UZBEKISTAN: Barents Re provides reinsurance support to insurer KAFOLAT
4 June 2018UZBEKISTAN: the government considers reforms of the insurance market
The Ministry of Finance of Uzbekistan brought up for discussion the Resolution of the President "On measures for reformation and accelerated development of the insurance market of Uzbekistan", - as informed by UzReport agency.
17 May 2018UZBEKISTAN: 32.5 thousand units more MTPL contracts in Q1 2018 vs Q1 2017
During Q1 of 2018 in Uzbek MTPL segment total number of contracts amounted to 611.7 thousand units (32.5 thousand contracts more than a year before). Among 11 authorized segment insurers TOP-3 have 58.6% segment share: UZAGROSUG'URTA, KAFOLAT and GROSS INSURANCE.
17 May 2018UZBEKISTAN: Charter capital of O'zbekinvest Hayot increased to UZS 16.52 billion to comply with new market rules
Due to insurance reforms in the country as per July 1, 2018 charter capital of all acting life insurance companies should amount to UZS 15 billion (~EUR 1.5 million).
10 May 2018KAFOLAT insurer was acknowledged as the best on the Uzbek capital market
KAFOLAT insurance company won the annual competition "The best on the Uzbek capital market" based on its FY2017 result.
15 March 2018STATISTICS: UZBEKISTAN, FY2017: insurance claims growth rate broke the record over the last 10 years
As reported by the Ministry of Finance of the Republic of Uzbekistan in 2017 Uzbek insurers paid UZS 270 billion (EUR 28.05 million) which is 2.1 times more than in 2016.
21 February 2018
