Insurance companies collect 134.68bn soums of premiums in 1Q

Insurance companies Uzbekistan collected 89.047 billion soums of insurance premiums on voluntary insurance (+19%) and 45.641 billion soums – on mandatory insurance (+28%).

The insurance payouts rose by 115% - from 14.552 billion soums in the first quarter of 2014 to 31.263 billion soums in January-March 2015. Payouts on voluntary insurance made up 21.009 billion soums (+140%) and on obligator insurance – 10.253 billion soums (+77%).

Insurance liabilities of the industry rose by 57% year-on-year to 242.034 trillion soums. The liabilities on voluntary insurance reached 196.831 trillion soums (+69%) and mandatory insurance – 45.203 trillion soums (+22%).

Investments of insurance companies of Uzbekistan exceeded 649.178 billion soums (+11%), of which deposits were 305.772 billion soums (+8%), securities – 258.287 billion soums (+10%), loans – 7.265 billion soums (+26%), real estate – 30.357 billion soums (+28%). At the same time, the companies invested 45.126 billion soums to charter capital of the enterprises (+42%) and other investments made up – 2.37 billion soums (-42%).

Aggregate charter capital of insurance companies rose by 28% year-on-year to 372.069 billion soums as of the end of the first quarter of 2015 (in US dollar equivalent – US$64.3 million).

Uzagrosugurta (27.677 billion soums, growth rate – 30.3%), Uzbekinvest (15.079 billion soums, +21.4%), Alfa Invest (13.301 billion soums, +1.1%), were in Top 3 of companies on the volume of collected insurance premiums in the reporting period.

Uzagrosugurta (7.935 billion soums, +118.4%), Agro Invest Sug’urta (5.64 billion soums,+ 15 times) and Uzbekinvest Hayot (3.666 billion soums, +115.3%) were top three companies on the volume of payouts in the first quarter of 2015.