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Finance 31/07/2014 Kafolat collects premiums for 20bn soums in 1H
Kafolat collects premiums for 20bn soums in 1H
Tashkent, Uzbekistan (UzDaily.com) -- Kafolat collected insurance premiums for 20 billion soums in the first half of 2014, which rose by 3.2 billion soums compared to the same period of 2013.

In the first half of 2014, the company signed about 313,600 insurance agreements, the company’s press service said.

Total volume of insurance services, provided to population and organizations, made up about 8.2 trillion soums in the reporting period, which rose by 41.4% year-on-year.

Kafolat claimed the third place on collected volume of insurance premiums with the market share of over 9.3%.

In the reporting period, the company received insurance premiums for 6.5 billion soums on mandatory insurance of civil liabilities of vehicle owners, and the company claimed the second place on collected premiums in Uzbekistan.

The company said that it collected 4.244 billion soums of insurance premiums on mandatory insurance of civil liabilities of employers (+59.5%) and signed 30,117 agreements with insurance liabilities for 3.43 trillion soums.

In the first half of 2014, the company settled 1,670 claims on insurance payouts. The company each day settled 8-9 payout claims. Total sum of payouts made up 3.357 billion soums, which rose by 10.3% year-on-year.

As of 1 July 2014, the volume of investments made up 28.189 billion soums, which rose by 6.8% year-on-year.

The formed charter capital of Kafolat rose from 3.9 million euros to 7.9 million euros, which allows the company to participate in re-insurance market. The volume of inbound re-insurance receipts made up 3.207 billion soums.

Insurance reserves of Kafolat at the end of June 2014 made up 30.3 billion soums.

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