Life insurance continued its dynamic growth after the first quarter, increasing by 176% to UZS 791 billion. At the same time, compulsory types of life insurance maintained a negative trend (-25.59%), while voluntary life insurance saw a rapid growth of almost 186%. Non-life insurance increased by 40%, at the same time its share in the total market portfolio has decreased significantly (by about 12%).
Paid claims accelerated their growth after the first quarter and increased by 136% to UZS 1,153.34 billion (EUR 101.05 million).
Of the 34 non-life insurers, O'ZBEKINVEST (UZS 240 billion) became the leader, followed by ALFA INVEST SUG'URTA KOMPANIYASI (UZS 218 billion), and APEX INSURANCE ranks third in the non-life top three. Of the 8 life insurers, the leader is NEW LIFE SUG'URTA KOMPANIYASI, whose share in the life insurance market has already exceeded 44% in the first half of the year.
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