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Finance 24/05/2016 Insurance companies collects premiums for 163.9bn soums in 1Q
Insurance companies collects premiums for 163.9bn soums in 1Q
Tashkent, Uzbekistan (UzDaily.com) -- Insurance companies of Uzbekistan collected insurance premiums for about 163.904 billion soums, which rose by 22% compared to the same period of 2015, data of the Ministry of Finance of Uzbekistan said.

The volume of premiums on voluntary insurance products made up 107.53 billion soums in the reporting period (+22) and mandatory insurance products – 56.373 billion soums (+24%).

The companies increased insurance payouts by 20% year-on-year in January-March 2016 – to 37.231 billion soums. The volume of payouts on voluntary insurance products reached 22.809 billion soums (+10%) and mandatory insurance products – 14.422 billion soums (+41%).

Investments of insurance companies of Uzbekistan exceeded 773.076 billion soums (+21%), of which deposits were 365.166 billion soums (+21%), securities – 310.7 billion soums (+21%), loans – 8.122 billion soums (+14%), real estate – 36.832 billion soums (+25%). At the same time, the companies invested 47.211 billion soums to charter capital of the enterprises (+6%) and other investments made up – 5.044 billion soums (+ 2.9 times).

Aggregate charter capital of insurance companies rose by 16% year-on-year to 419.475 billion soums as of the end of the first quarter of 2016.

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