STATISTICS: Uzbekistan, 1H2017: Significant mid-year evolution, supported by the voluntary insurance lines

In the first half of 2017, the local insurance market has shown a significant evolution, up by 25.39% to UZS 435,970 million, according to the preliminary data published by the Information-Rating Agency SAIPRO.

By types of insurances, the share of voluntary policies increased from 68.91% (in 1H2016) to 71.67% (in 1H2017), while the mandatory classes accounted for 28.33% (note: in the similar period the market share of mandatory types of insurance was 31.09%).

MTPL still remains one of the most massive types of compulsory insurance in the market portfolio, the following companies being active on this segment: UZBEKINVEST, UZAGROSUGURTA, KAFOLAT, ALSKOM, ALFA Invest, ASIA Insurance, ISHONCH, KAPITAL Sugurta and UNIVERSAL Sugurta and GROSS Insurance, stated SAIPRO

Find detailed 1H2017 market data in the forthcoming edition of the XPRIMM Insurance Report CEE, SEE & CIS - 1H2017, to be launched on 22 October.

Access www.xprimm.com and download the 1H2017 Uzbek insurance market statistics.

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

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