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Collected insurance premiums in 2020 reaches 2.34 trillion. soums

Collected insurance premiums in 2020 reaches 2.34 trillion. soums
Collected insurance premiums in 2020 reaches 2.34 trillion. soums

Tashkent, Uzbekistan (UzDaily.uz) - The collected insurance premiums by insurance companies of Uzbekistan in 2020 amounted to 2.34 trillion. soums. This was reported by the State Statistics Committee of Uzbekistan.

The volume of premiums for voluntary insurance amounted to 1.98 trillion soums (84.7% of the total) and compulsory insurance - 359.5 billion soums (15.3%).

In 2020, the number of insurance organizations was 45. The number of concluded contracts reached 5,941,108 units, which, compared to 2019, amounted to 80.3%.

The sum insured in the republic as a whole in 2020 was equal to 900.86 trillion soums, which is 30.5%, or 210.4 trillion soums more compared to 2019.

Voluntary insurance accounts for 67.7% (609.55 trillion soums) and compulsory insurance - 32.3% (291.31 trillion soums).

The amount of insurance payments amounted to 725.8 billion soums in 2020.

 

Anvar Umarov
Anvar Umarov

Anvar Umarov is the founder and editor-in-chief of UzDaily, a leading business and news publication covering Uzbekistan and Central Asia. With over 20 years of experience in journalism, he has also worked as a PR manager for both state and private organizations, bringing a broad perspective on media, communications, and public affairs to his editorial leadership.