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Finance 16/10/2013 Kafolat collects insurance premiums for 22.42bn soums
Kafolat collects insurance premiums for 22.42bn soums
Tashkent, Uzbekistan (UzDaily.com) -- Kafolat state joint stock insurance company collected insurance premiums for 22.42 billion soums in nine months of 2013, which grew by 47.6% year-on-year, the press service of the company said.

The volume of premiums from voluntary types of insurance products made up 8.886 billion soums (+72.2%) and mandatory insurance products – 13.532 billion soums (+35%).

In nine months of 2013, the company signed 365,400 units of agreements for insurance services with population and the volume of received insurance premiums made up 8,6 billion soums (+13.4%).

Insurance liability of Kafolat grew by 51.7% and reached 7.281 trillion soums as of 1 October 2013.

Kafolat made insurance payouts for 4.52 billion soums in January-September 2013, which rose by 156.8% year-on-year.

About 62% of payouts fell to share of voluntary insurance products, 25% - mandatory insurance of civil responsibility of vehicle owners and 12% - mandatory insurance of civil responsibility of employees.

The insurance reserves of the company made up 25 billion soums at the end of the reporting period or grew by 9.3%. The assets of the insurer rose by 34% to 38.3 billion soums.

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