Life insurance continues to grow rapidly, at the end of September its growth rate reached almost 135%. It should be noted that the growth in the segment is supported only by voluntary insurance, while compulsory life insurance is declining.
Non-life insurance also significantly increased y-o-y, by 52.27%. Unlike life insurance, both compulsory and voluntary insurance are growing in this segment. Virtually all non-life classes recorded y-o-y growth, except for property damage insurance and GTPL.
Paid claims increased compared to the third quarter of last year by 135.08% to UZS 1,886.23 billion (EUR 176.70 million). In life insurance, they jumped quite significantly. It is noteworthy that 63% of all paid claims were for life insurance and most of all on voluntary.
Out of 34 non-life insurers, O'ZBEKINVEST ranked first after the first three quarters, with a share of over 14% in the non-life market, with APEX INSURANCE in second place (almost 14%). Of the 8 life insurers, the leader is NEW LIFE SUG'URTA KOMPANIYASI, whose share has grown to 48.63%.
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