STATISTICS: UZBEKISTAN, 3Q2015: Claims increased by 56.19%

In the first nine months of 2015, the volume of GWP collected by the Uzbek insurance companies totaled UZS 398 billion or EUR 135 million, up by 27% in national currency compared with 3Q2014, according to market data provided by the Ministry of Finance of the Republic of Uzbekistan.

During this period, an important growth was reported in claims, from UZS 53 billion in 3Q2014 to UZS 83 billion in 3Q2015, up by 56.19%.

According to the official data from the Guarantee Fund for MTPL insurance as of October 1st, insurance companies - members of the Fund have concluded 1,525,786 contracts (up by 105.8% compared to the same period of 2014). At the same time, the gross written premiums collected for MTPL insurance, in the reporting period, increased by 113%, to UZS 56 billion, at the same time the volume of claims increased by 124% and totaled UZS 8.4 billion.

Access www.xprimm.com and download the 3Q2015 Uzbek insurance market statistics.

Follow XPRIMM Publications on LinkedIn, for more data on the insurance and financial industry.

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