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Finance 31/10/2014 Volume of insurance premiums on MICLVO makes up 59.138bn soums in Jan-Sep
Volume of insurance premiums on MICLVO makes up 59.138bn soums in Jan-Sep
Tashkent, Uzbekistan (UzDaily.com) -- Insurance company of Uzbekistan collected insurance premiums on mandatory insurance of civil liability of vehicle owners (MICLVO) for 59.138 billion soums in nine months of 2014, which rose by 32.2% year-on-year, according to preliminary data of the Ministry of Finance of Uzbekistan.

At the same time, the companies with state share collected premiums for 37.262 billion soums in January-September 2014, which grew by 39.6% year-on-year. Other companies increased collection of premiums on MICLVO by 21.3% - to 21.875 billion soums.

According to the Ministry, insurance companies signed about 1.936 million agreements on MICLVO in nine months of 2014, which rose by 15%. Insurance companies with state share inked 1.221 million agreements and other companies – 715,200 agreements.

The volume of accepted liabilities of insurance companies on MICLVO exceeded 15.338 trillion soums in nine months of 2014, which grew by 49.3% year-on-year. The liabilities of the companies with state share reached 10.104 trillion soums and other companies – 5.234 trillion soums.

The MICLVO payouts made up 7.54 billion soums in nine months of 2014, which rose by 28.9% year-on-year. Insurance companies with state share increased payouts by 22.1% to 3.503 billion soums and other companies – by 35.4% to 4.037 billion soums.

It is worth to mention that nine companies provide MICLVO services in Uzbekistan. Uzagrosugurta, Kafolat and Uzbekinvest are companies with state share. Kapital Sug’urta, ALSKOM, ALFA INVEST, Asia insurans, Universal Sug’urta and IShONCh are in group of “other companies”.

Uzagrosugurta (19.926 billion soums), Kafolat (12.384 billion soums) and Alfa Invest (5.955 billion soums) are leading on volume of collected premiums in nine months of 2014. Uzagrosugurta (1.676 billion soums), Kafolat (1.518 billion soums) and Kapital Sug’urta (1.359 billion soums) are leading on volume of payouts in January-September 2014.

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