Insurance companies collect premiums worth 1.18 trillion soums

Tashkent, Uzbekistan (UzDaily.com) -- Insurance companies of Uzbekistan increased the volume of collected insurance premiums by 90% in January-September 2018 to 1.18 trillion soums.

According to the Ministry of Finance of Uzbekistan, the volume of insurance payments of companies amounted to 296.3 billion soums in the first nine months of 2018, which is 50% higher compared to the same period in 2017.

The total authorized capital of companies grew by 68% in the reporting period and amounted to 500.9 billion soums.

Investments of insurance companies in January-September 2018 exceeded 1.87 trillion soums, which is 29% higher compared to the same period of 2017. Insurers sent 957.1 billion soums to deposits (+ 47%) and securities - 672.7 billion soums (+ 8%).

In January-September 2018, Uzagrosugurta collected premiums for 149.4 billion soums (growth - 40.7%), Uzbekinvest - 136.9 billion soums (growth - 2.07 times) and Gross Insurance - 112.1 billion soums (growth - 2.17 times).

The leaders in terms of insurance payouts were New Life Insurance (59.8 billion soums), O’zbekinvest Hayot (49.6 billion soums) and Agros Hayot (46.2 billion soums).

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