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Finance 19/11/2014 Volume of insurance premiums on MICLVO makes up 60.021 bn soums in Jan-Sep
Volume of insurance premiums on MICLVO makes up 60.021 bn 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 60.021 billion soums in nine months of 2014, which rose by 34.2% year-on-year, according to clarified data of the Ministry of Finance of Uzbekistan.

At the same time, the companies with state share collected premiums for 37.424 billion soums in January-September 2014, which grew by 40.2% year-on-year. Other companies increased collection of premiums on MICLVO by 25.3% - to 22.597 billion soums.

According to the Ministry, insurance companies signed about 1.824 million agreements on MICLVO in nine months of 2014, which rose by 8.4%. Insurance companies with state share inked 1.089 million agreements and other companies – 734,836 agreements.

The volume of accepted liabilities of insurance companies on MICLVO exceeded 14.25 trillion soums in nine months of 2014, which grew by 38.7% year-on-year. The liabilities of the companies with state share reached 9.295 trillion soums and other companies – 4.955 trillion soums.

The MICLVO payouts made up 7.794 billion soums in nine months of 2014, which rose by 33.2% year-on-year. Insurance companies with state share increased payouts by 27.1% to 3.649 billion soums and other companies – by 39% to 4.145 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 (20.086 billion soums), Kafolat (12.386 billion soums) and Alfa Invest (6.329 billion soums) are leading on volume of collected premiums in nine months of 2014.

Uzagrosugurta (1.77 billion soums), Kafolat (1.562 billion soums) and Kapital Sug’urta (1.358 billion soums) are leading on volume of payouts in January-September 2014.

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