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Finance 27/03/2014 INGO-Uzbekistan increases collection of premiums by 47.4% in 2013
INGO-Uzbekistan increases collection of premiums by 47.4% in 2013
Tashkent, Uzbekistan (UzDaily.com) -- INGO-Uzbekistan summed up results of 2013. The company collected insurance premiums over 9.2 billion soums in January-December 2013, which grew by 47.4% year-on-year.

The growth of collection of insurance premiums were achieved due to insurance of construction-assembly risks (+2 times), voluntary property insurance (+1.7 times), complex insurance of automobiles (+1.4 times), insurance of civil liability, etc.

INGO-Uzbekistan said that it recorded significant growth in the regions of Uzbekistan. The insurance volumes, collected in the regions, rose 1.8 times year-on-year in 2013 and reached 3 billion soums.

The volume of insurance payouts made up over 2 billion soums, which rose by 47% year-on-year. The main part of payouts fell to share of such products as voluntary medical insurance, automobile insurance, property and cargo insurance, insurance of travelers.

Total volume of formed insurance reserves made up 5.3 billion soums as of the end of 2013, which rose by 67.5% year-on-year.

The assets of INGO-Uzbekistan reached 14 billion soums at the end of 2013. The growth rate made up 9.2% year-on-year.

The volume of investments of the company into economy of Uzbekistan made up 12.2 billion soums in 2013, which grew by 16.5% year-on-year.

INGO-Uzbekistan is one of the largest insurance companies of Uzbekistan with foreign capital. Its charter capital makes up 7.6 billion soums (3.49 million euros in equivalent). The founders of the company are InVestPolis (subsidiary of Ingosstrakh) – 90%, Bukhara Oil Refinery – 5% and Uzbekistan Havo Yollari – 5%.

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