Uzbekistan
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UZBEKISTAN: ASIA INSURANCE signing insurance contracts against cotton crop failure
ASIA INSURANCE began concluding insurance contracts against crop failure in the cotton-textile clusters of UZTEX group, the insurer announced.
2 May 2019UZBEKISTAN: Uzagrosug'urta awarded best insurance company of the year
On March 29, 2019, at the XI Tashkent International Conference on Insurance and Reinsurance a national insurance award ceremony (Golden Umbrella award) was held, as UzReport informed.
4 April 2019UZBEKISTAN: INGOSSTRAKH: Uzbekistan has great potential for insurance market development
Within the framework of the International Financial and Banking Forum of CIS member states, held in Tashkent March 27-31, INGOSSTRAKH and INGO Uzbekistan (part of the INGO Group) held a press-briefing on the development of Russian-Uzbek insurance relations, the news agency UzReport wrote.
4 April 2019Uzbek insurance companies collect premiums for over USD 194M
1 April 2019Fees of Uzbek insurance company amounts to over USD3M
1 April 2019UZBEKISTAN: in 2018 life paid claims jumped by 337% y-o-y
Based on the market results for 2018 life GWP were 3 times higher y-o-y and increased to UZS 417.2 billion. At that life paid claims demonstrated an extremely rapid growth (+337.1%) to UZS 264 billion, as UzReport wrote.
7 March 2019STATISTICS: UZBEKISTAN, FY2018: the market jumped by more than 79% in euro y-o-y
In 2018, the Uzbek insurance market went up by 76.31% y-o-y in local currency, and by 79.01% in euro, due to a more favorable exchange rate at the end of 2018, according to the market data, provided by the Ministry of Finance of the Republic.
27 February 2019UZBEKISTAN: GWP of O'zbekinvest Hayot in 2018 amounted to UZS 101.2 billion, preliminary data show
According to the preliminary data, GWP growth rate of O'zbekinvest Hayot in 2018 amounted to 59% (UZS 101.2 billion), as the information agency UzReport wrote.
14 February 2019UZBEKISTAN: MOI insurance broker to open an office in the country
MOI Insurance broker, one of the leaders in risk management, is opening a representative office in Uzbekistan - -MOI Insurance Brokers Asia, according to the Ministry of Finance of the country.
14 February 2019UZBEKISTAN: S&P assigned 'BB-' long-term and 'B' short-term ratings to Uzbekistan, outlook stable
On December 21, 2018 S&P Global Ratings assigned its 'BB-/B' long-term and short-term foreign and local currency sovereign credit ratings to Uzbekistan. The outlook is stable, as the agency informed.
22 January 2019Uzbekistan's insurance firms collect almost twice more premiums
27 November 2018STATISTICS: UZBEKISTAN, 3Q2018: voluntary insurance is still the market driver (+117%)
For 3 quarters Uzbek insurers generated GWP in the amount of almost UZS 1.2 trillion. At that voluntary classes collected UZS 984.4 billion from the total GWP, according to the data of the Ministry of Finance of Uzbekistan.
15 November 2018UZBEKISTAN: from January to September O'zbekinvest Hayot paid 88% more y-o-y in claims
From January to September this year, the paid claims' growth rate of O'zbekinvest Hayot amounted to 88% y-o-y and reached UZS 49.6 billion, announced UzReport.
8 November 2018UZBEKISTAN: from January to September O'zbekinvest Hayot paid claims 88% more y-o-y
From January to September this year paid claims' growth rate of O'zbekinvest Hayot amounted to 88% y-o-y and reached UZS 49.6 billion, as UzReport informed.
8 November 2018Uzbek export-import insurance company doubles volume of premiums
5 November 2018UZBEKISTAN: one of the key insurers - INGO-UZBEKISTAN celebrates 10 years of successful operations
INGO-UZBEKISTAN, one of the key local insurers, on October 25 celebrated 10 years of successful operations and 15 years of its parent company presence in the Uzbek insurance market.
31 October 2018UZBEKISTAN: ASIA Insurance posted an increase of over 120% on main insurance segments for the first 9 months of the year
ASIA Insurance, one of the leaders in the Uzbek insurance market, posted a 120.5% increase in premiums in the first 9 months of this year, in comparison to the same period from 2017, according to a recent press release from the insurer.
25 October 2018STATISTICS: UZBEKISTAN, 1H 2018: voluntary insurance in local currency jumped by more than 116%, while in euro this growth amounted to about 4%
In the first half year, Uzbek insurers generated UZS 817.6 billion (EUR 89.12 million) of GWP, which in local currency means a y-o-y growth of 87.53%, while in euro the market GWP dropped by 10.19% due to significant depreciation of UZS against EUR, according to the data of the Ministry of Finance of Uzbekistan.
19 September 2018Uzbek insurance companies increase value of collected insurance premiums
13 September 2018UZBEKISTAN: life paid claims' share in the first half of the year exceeded the share of non-life paid claims for the first time in local market history, amounting to 55%
According to the Ministry of Finance of Uzbekistan total paid claims went up by 27% to UZS 177.1 billion* in the first half of the year. With that, total GWP amounted to UZS 817.6 billion, 88% more than a year ago.
11 September 2018
