Uzbek president Islam Karimov signed a decree “On further reforming and development of the insurance services market” on 10 April 2007.
In the first quarter of the current year, Uzbek insurance companies wrote over 19.7 billion soums in premiums, up by 70.9% compared to Q1 2006. Claims paid did not see considerable changes in comparison with the previous year and amounted to over 1.5 billion soums, the State Inspection for Insurance Supervision of the Uzbekistan Ministry of Finance reported early in April.
The aggregate premium revenue and premium revenue per one insurance contract are important indicators of an insurance company’s performance.
A delegation of China Development Bank led by its Assistant Governor Zhao Jianping met Deputy Prime Minister and director-general of Uzbek Agency for Communication and Information Abdulla Aripov.
Assets of Ipoteka Bank increased by 11.4% to 493.2 billion soums in the first quarter of 2007.
New chief of State Insurance Inspectorate was presented to the staff of the Ministry of Finance of the Republic of Uzbekistan on 9 April.
The number of plastic cards issued by Galla Bank reached 70,700 as of 1 April 2007, the Head of the bank’s Plastic Cards Department Muftilla Saitmuratov said. The figure has grown by 7,000 since April 2006.
President Karimov urged new reforms in the insurance services sector by signing a resolution "On measures for further reform and development of the insurance services market" on 10 April.
UzbekInvest National Export and Import Insurance Company held a press briefing on the occasion of the company’s 13th anniversary on 16 April. The company’s representatives spoke about business insurance and conducted a presentation on savings insurance products.