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Finance 05/11/2014 Uzbek insurance companies collect 20.12bn soums of premiums on MICLE
Uzbek insurance companies collect 20.12bn soums of premiums on MICLE
Tashkent, Uzbekistan (UzDaily.com) -- Insurance companies of Uzbekistan collected insurance premiums for 20.119 billion soums on mandatory insurance of civil liability of employers (MICLE) in nine months of 2014, which rose by 30.7% year-on-year, according to preliminary data of the Ministry of Finance of Uzbekistan.

Major part of insurance premiums on MICLE fell to share of insurance companies with the state share. They collected 16.612 billion soums of insurance premiums on MICLE (+36.9%). Other companies collected on 3.507 billion soums on MICLE (+7.4%).

According to Finance Ministry, insurance companies signed 48,215 agreements on MICLE in nine months of 2014. The companies with state share inked 40,574 agreements and other companies – 7,641 agreements.

The volume of liabilities on MICLE reached 15.968 trillion soums in nine months of 2014 (+14.7%), of which 12.347 trillion soums fell to share of state companies and 3.621 trillion soums to other companies.

Insurance companies made 8.86 billion soums of insurance payouts on MICLE in nine months of 2014, which grew by 63.8% year-on-year. The companies with state share increased payouts by 64% to 7.499 billion soums and other companies – 62.9% to 1.361 billion soums.

It is worth to mention that nine companies provide MICLE services in Uzbekistan. Uzagrosugurta, Kafolat and Uzbekinvest are companies with state share. Kapital Sug’urta, ALSKOM, ALFA INVEST, Asia insurans, Universal Sug’urta and IShONCh are in group of “other companies”.

Kafolat (6.743 billion soums), Uzagrosugurta (6.346 billion soums) and Uzbekinvest (3.523 billion soums) are leading on volume of collected premiums in nine months of 2014. Kafolat (2.689 billion soums), Uzbekinvest (2.589 billion soums) and Uzagrosugurta (2.22 billion soums) are leading on volume of payouts in January-September 2014.

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