The volume of insurance premiums, collected on voluntary insurance products, reached 300.67 billion soums in 2014 (235.535 billion soums in 2013) and mandatory insurance products – 138.464 billion soums (102.948 billion soums). The growth rate made up 28% and 34% respectively.
In 2014, the insurance company increased insurance payouts by 12% year-on-year to 74.632 billion soums. The volume of payouts on voluntary insurance products reached 45.326 billion soums (-5%) and on mandatory insurance products – 29.306 billion soums (+54%).
The insurance liabilities of the industry rose by 49% year-on-year in 2014 and reached 240.519 trillion soums. The liabilities on voluntary insurance products made up 190.341 trillion soums (+51%) and mandatory insurance – 50.179 trillion soums (+41%).
Investments of insurance companies of Uzbekistan exceeded 623.713 billion soums (+18%), of which deposits were 293.908 billion soums (+24%), securities – 250.56 billion soums (+7%), loans – 6.697 billion soums (+35%), real estate – 27.846 billion soums (+45%). At the same time, the companies invested 43.524 billion soums to charter capital of the enterprises (+65%) and other investments made up – 1.179 billion soums (-72%).
Aggregate charter capital of insurance companies rose by 26% year-on-year to 361.295 billion soums as of the end of 2014 (in US dollar equivalent – US$64.3 million). As of 1 October 2014, there were 31 insurance companies in the market.
Uzagrosugurta (83.076 billion soums, growth rate – 34.7%), Uzbekinvest (60.71 billion soums, +37.6%), Kafolat (42.133 billion soums, +35.3%), were in Top 3 of companies on the volume of collected insurance premiums in 2014.
Uzagrosugurta (13.979 billion soums, +66.8%), Uzbekinvest (12.71 billion soums, -52.6%) and Uzbekinvest Hayot (9.356 billion soums, +57%) were top three companies on the volume of payouts in 2014.