STATISTICS: Uzbekistan, FY 2015: stable double digit market growth

In 2015, the aggregate volume of GWP reported by the Uzbek insurers was of UZS 551 billion (or EUR 181 million), up by almost 25.59% y-o-y, according to the market data provided by the Ministry of Finance of the Republic of Uzbekistan. At the same time, claims paid for all types of insurance amounted to UZS 111 billion (EUR 36.6 million), up by 48.73% y-o-y.

By types of insurances, the share of voluntary policies decreased by 3.39 pp to 66.15%, while the mandatory classes accounted for the remaining 33.85%.

In 2015, the majority of insurance companies of Uzbekistan were able to achieve significant positive results in terms of insurance premiums. Thus, from the 31 insurance companies the positive results in terms of insurance premiums showed 26 companies.

The Top 5 Uzbek insurers (in terms of GWP) generate about 55.76% of the total market as follows: UZAGROSUGURTA, UZBEKINVEST, KAFOLAT, ALSKOM and Asia Inshurans.

Access www.xprimm.com and download the FY2015 Uzbek insurance market statistics.

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

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