Life insurance grew by more than 95%, reaching an 18% stake in the market portfolio, while the growth rate of non-life insurance was more moderate, but nevertheless also impressive - over 60% y-o-y, and accounted for about 82% of total market GWP.
Paid claims accelerated growth after the second quarter, jumping 63% compared to the same period of 2020, to UZS 802.37 billion.
Out of 33 non-life insurers, Gross Insurance continues to lead with a market share of over 12%, UZBEKINVEST keeps the second position, and UZAGROSUGURTA ranks third. Among 8 life insurers, New Life Insurance holds the lead, increasing its share to 38%.
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