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Finance 21/04/2014 INGO-Uzbekistan receives insurance premiums for 5.7bn soums in 1Q
INGO-Uzbekistan receives insurance premiums for 5.7bn soums in 1Q
Tashkent, Uzbekistan (UzDaily.com) -- INGO-Uzbekistan summed up results of the first quarter of 2014. The company collected insurance premiums over 5.7 billion soums in January-March 2014, which grew 2.8 times year-on-year.

The growth of collection of insurance premiums was achieved due to insurance of construction-assembly risks, voluntary property insurance, complex insurance of automobiles, personal insurance, etc.

INGO-Uzbekistan said that it recorded significant growth in the regions of Uzbekistan. The insurance volumes, collected in the regions, rose 1.6 times year-on-year in the first quarter of 2014.

The volume of payouts made up 575 million soums in January-March 2014, which rose by 12 million soums year-on-year. The main party of insurance payouts was paid on voluntary personal insurance, automobile insurance and cargo insurance.

Total volume of formed insurance reserves made up 9.2 billion soums as of the end of the first quarter of 2014, which rose by 2.4 times year-on-year.

Total volume of investments of INGO-Uzbekistan into economy of Uzbekistan rose by 29% year-on-year in the first quarter of 2014 to 14.4 billion soums.

The assets of INGO-Uzbekistan reached 18.1 billion soums as of the end of the first quarter of 2014. The growth rate made up 31.2% year-on-year.

INGO-Uzbekistan is one of the largest insurance companies of Uzbekistan with foreign capital. Its charter capital makes up 7.6 billion soums (3.49 million euros in equivalent).

The founders of the company are InVestPolis (subsidiary of Ingosstrakh) – 90%, Bukhara Oil Refinery – 5% and Uzbekistan Havo Yollari – 5%.

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