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Insurers of Uzbekistan collects premiums for 927.45 billion soums in 2017
Insurers of Uzbekistan collects premiums for 927.45 billion soums in 2017

Insurers of Uzbekistan collects premiums for 927.45 billion soums in 2017

Tashkent, Uzbekistan (UzDaily.com) -- Insurance companies in Uzbekistan collected insurance premiums worth 927.545 billion soums in 2017, which is 34% higher compared to 2016.

At the same time, the volume of premiums for voluntary insurance totaled 694.1 billion soums in the reporting period (+ 43%) and mandatory insurance - 233.34 billion soums (+ 12%).

Insurance payments of companies in January-December 2017 increased by 107% - up to 269.9 billion soums. Voluntary insurance payments exceeded 202.41 billion soums (+ 139%) and mandatory insurance - 67.58 billion soums (+ 48%).

The total authorized capital of insurance companies in Uzbekistan as of the end of 2017 made up 321.63 billion soums, which is 30% lower compared to the same period in 2016.

The volume of investment of insurance companies grew by 71% in January-December 2017 and reached 1.482 trillion soums.

About 669.72 billion soums were directed to deposits (+ 72%) and 643.88 billion soums - to securities (+ 79%). The companies invested 98.04 billion soums (+ 978%) in real estate and 60.31 billion soums in the authorized capitals of companies. The volume of loans amounted to 9.64 billion soums (+ 36%) and other investments - 963 million soums (-37%).

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