Uzbekistan
Statistics
Uzbekistan 1H2023 Market Portfolio
Uzbekistan 1H2023 Insurance Companies Ranking
See all statistics
Latest news
UZBEKISTAN: Premium of GROSS INSURANCE went up by 144.3% y-o-y
Premiums of GROSS INSURANCE for the first half of 2018 exceeded UZS 78.5 billion*, which is 144.3% more than a year ago. Among 27 local insurers, GROSS INSURANCE ranks 3rd in terms of generated premiums, as data of the Ministry of Finance of Uzbekistan show.
5 September 2018UZBEKISTAN: an Uzbek national import-export insurance company was assigned the highest national rating
Based on 2017 results, the Uzbek national rating agency SAIPRO assigned
the national import-export insurance company UZBEKINVEST a rating of
"uzA++" (Excellent financial reliability), as reported by the insurer.
22 August 2018UZBEKISTAN: top insurer Oʻzbekinvest Hayot reported a GWP growth rate of 59% in 1H2018
Oʻzbekinvest Hayot, one of Uzbek top insurers, recorded a 59% y-o-y GWP growth rate in 1H 2018, to over UZS 47.6 billion (~EUR 5.2 million), while the total number of policies increased by 7% y-o-y, according to the information agency UzReport.
22 August 2018UZBEKISTAN: O'zbekinvest Hayot year paid claims worth UZS 34.2 billion in 1H2018
Based on the first half year results paid claims of O'zbekinvest Hayot exceeded UZS 34.2 billion* (up by 96.3% compared to the same period last year).
9 August 2018UZBEKISTAN: License of major Uzbek insurance company suspended
15 July 2018UZBEKISTAN: over the next 5 years the share of life insurance may reach 50%
According to the data of the Ministry of Finance of the Republic, Uzbek insurance market demonstrated in the 1st quarter a very high growth rate compared to the previous quarters.
4 July 2018STATISTICS: UZBEKISTAN, 1Q2018: market results strongly affected by the y-o-y currency depreciation against euro
In Q1 2018 Uzbek insurance market saw a significant growth in local currency by 83.2%, while in European currency total premiums dropped by 29.13% due to big depreciation against euro compared to Q1 2017 (almost 3 times), according to the official report of the Uzbek insurance supervisory authority.
6 June 2018UZBEKISTAN: Barents Re provides reinsurance support to insurer KAFOLAT
4 June 2018UZBEKISTAN: the government considers reforms of the insurance market
The Ministry of Finance of Uzbekistan brought up for discussion the Resolution of the President "On measures for reformation and accelerated development of the insurance market of Uzbekistan", - as informed by UzReport agency.
17 May 2018UZBEKISTAN: 32.5 thousand units more MTPL contracts in Q1 2018 vs Q1 2017
During Q1 of 2018 in Uzbek MTPL segment total number of contracts amounted to 611.7 thousand units (32.5 thousand contracts more than a year before). Among 11 authorized segment insurers TOP-3 have 58.6% segment share: UZAGROSUG'URTA, KAFOLAT and GROSS INSURANCE.
17 May 2018UZBEKISTAN: Charter capital of O'zbekinvest Hayot increased to UZS 16.52 billion to comply with new market rules
Due to insurance reforms in the country as per July 1, 2018 charter capital of all acting life insurance companies should amount to UZS 15 billion (~EUR 1.5 million).
10 May 2018KAFOLAT insurer was acknowledged as the best on the Uzbek capital market
KAFOLAT insurance company won the annual competition "The best on the Uzbek capital market" based on its FY2017 result.
15 March 2018STATISTICS: UZBEKISTAN, FY2017: insurance claims growth rate broke the record over the last 10 years
As reported by the Ministry of Finance of the Republic of Uzbekistan in 2017 Uzbek insurers paid UZS 270 billion (EUR 28.05 million) which is 2.1 times more than in 2016.
21 February 2018STATISTICS: Uzbekistan, 3Q2017: The total paid claims volume doubled y-o-y; the two state-owned companies account for about 30% of the market
In the first nine months of 2017, the domestic insurance market has shown a significant evolution, up by 24% to UZS 622 billion, according to data published by the Ministry of Finance of Uzbekistan.
21 November 2017STATISTICS: 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.
12 October 2017UZBEKISTAN: Head of Uzbekistan's biggest insurance company appointed
Rustam Azimov, who previously served as deputy prime minister of Uzbekistan, has been appointed as the new director general of the Uzbekinvest National Export-Import Insurance Company, a representative of the insurance company told Trend.
8 June 2017STATISTICS: 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.
4 May 2017UZBEKISTAN: Investments by insurance companies increase
The total volume of investments of Uzbek insurers amounted to 867.547
billion soums (1 USD =3294.74 soums on Feb. 8) in 2016, that is, by 19.3
percent more compared to 2015, the country's Finance Ministry told
Trend Feb. 8.
13 February 2017STATISTICS: UZBEKISTAN, 3Q2016: Voluntary policies increased by 45.27%
In 3Q2016 the GWP increased by 34.75%, up to a total of UZS 500.12 billion (EUR 148 million), while total claims paid amounted to UZS 94.4 billion (EUR 28 million), 30.55% more than in January-September 2015.
24 November 2016UZBEKISTAN: Uzbekinvest Hayot pays 15.1b soums in insurance over 9 months
Life and health, the core of Uzbekinvest Hayot's insurance activities,
require an individual approach in working with clients. This is even
more so when examining claims over events which might entail insurance
payment.
2 November 2016
