The market share of the voluntary segment increased by about 5% y-o-y, while the share of compulsory insurance, on the contrary, declined.
Paid claims recorded an increase of more than 116%, mainly due to increasing paid claims for voluntary classes. Paid claims for compulsory insurance remained at almost the same level as a year ago.
Of the 20 insurance companies, acting on the local market, TOP-5 occupy over 45%. UZBEKINVEST is the market leader in terms of GWP (UZS 152.92 billion/EUR 15.71 million), followed by UZAGROSUGURTA (UZS 134.78 billion/EUR 13.85 million), Gross Insurance, KAFOLAT and Euroasia Insurance. The leader in terms of paid claims is UZAGROSUGURTA (UZS 28.36 billion/EUR 2.91 million).
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- 1H2019 Market portfolio and ranking (in EUR and UZS):
- Paid claims
- Growth rates
- Market shares