STATISTICS: UZBEKISTAN, FY2016: both premiums and claims paid increased at a double digit pace

In 2016, the domestic insurance market has shown a significant evolution, up by 25.58%, according to preliminary data published by the Information-Rating Agency SAIPRO.

By types of insurances, the share of voluntary policies increased to 70.03% (up by 32.94%), while the mandatory classes accounted for 29.97% (up by 11.19%), showing that "insurers have stepped up their activity on voluntary types of insurance, which is a good result, proving that the market grew without the assistance of the compulsory insurance classes", as stressed out by SAIPRO.

Total claims paid for all types of insurance amounted to UZS 130.50 billion (EUR 38.17 million), 17.57% more than in 2015.

In Uzbekistan are active 26 insurance companies: 3 life insurers and 23 in non-life insurers.

Find detailed 2016 market data in the forthcoming edition of the XPRIMM Insurance Report CEE, SEE & CIS - FY2016, to be launched on 22 May.

Access www.xprimm.com and download the FY2016 Uzbek insurance market statistics.

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

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