Kafolat signs 229 agreement of outbound reinsurance

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Finance 25/12/2014 Kafolat signs 229 agreement of outbound reinsurance

Kafolat signs 229 agreement of outbound reinsurance

Tashkent, Uzbekistan (UzDaily.com) -- Kafolat, one of the largest insurance companies of Uzbekistan, signed 229 outbound re-insurance agreements with total liabilities for 2.626 trillion soums in nine months of 2014.

Total sum of reinsurance payments, received by Kafolat from other organizations, made up 1.2 billion soums in January-September 2014.

The company said that it made insurance payouts for 5.1 billion soums in the reporting period, which means that 23.5% of total compensations were covered due to reinsurance.

The company inked 785 inbound reinsurance agreements in the reporting period. The liabilities for 2.832 trillion soums were received within these agreements.

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