Currency rates from 03/10/2024
$1 – 12757.94
UZS – 0.14%
€1 – 14125.59
UZS – -0.92%
₽1 – 135.06
UZS – -1.29%
Search
Finance 01/08/2014 INGO-Uzbekistan increases collection of premiums by 73.3% in 1H
INGO-Uzbekistan increases collection of premiums by 73.3% in 1H
Tashkent, Uzbekistan (UzDaily.com) -- INGO-Uzbekistan collected insurance premiums for 9.2 billion soums in the first half of 2014, which rose by 73.3% year-on-year.

The growth of collection of insurance premiums was achieved due to voluntary property insurance (+85%), personal insurance (+79%), insurance of construction and assembly risks (+78%), insurance of cargo (+77%) and complex insurance of vehicles (+1.5 times).

INGO-Uzbekistan said that it recorded significant growth in the regions of Uzbekistan. The insurance volumes, collected in the regions, rose 1.5 times year-on-year in the first half of 2014.

The volume of payouts made up 1.1 billion soums in January-June 2014. The main party of insurance payouts was paid on voluntary personal insurance, automobile insurance and cargo insurance, insurance of travelers.

Total volume of formed insurance reserves made up 9.8 billion soums as of 30 June 2014, which rose by 82% year-on-year.

Total volume of investments of INGO-Uzbekistan into economy of Uzbekistan rose by 25% year-on-year in the first half of 2014 to 13.5 billion soums.

The assets of INGO-Uzbekistan reached 19.8 billion soums as of the end of the first half of 2014. The growth rate made up 22% 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%.

Stay up to date with the latest news
Subscribe to our telegram channel