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Finance 17/08/2015 Uzbek insurance companies collect 22.16bn soums of premiums on MICLE in 1H
Uzbek insurance companies collect 22.16bn soums of premiums on MICLE in 1H
Tashkent, Uzbekistan (UzDaily.com) -- Insurance companies of Uzbekistan collected insurance premiums for 22.161 billion soums on mandatory insurance of civil liability of employers (MICLE) in the first six months of 2015, which rose by 50.4% 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 18.752 billion soums of insurance premiums on MICLE (+57.3%). Other companies collected on 3.409 billion soums on MICLE (+21.1%).

According to Finance Ministry, insurance companies signed 43,331 agreements on MICLE in the reporting period. The companies with state share inked 35,806 agreements (+33.7%) and other companies – 7,525 agreements (+62%).

The volume of liabilities on MICLE reached 20.38 trillion soums in the first half of 2015 (+19.4%), of which 16.702 trillion soums fell to share of state companies (+30%) and 3.678 trillion soums to other companies (-13%).

Insurance companies made 10.657 billion soums of insurance payouts on MICLE in January-June 2015, which grew by 74.5% year-on-year. The companies with state share increased payouts by 86.9% to 9.338 billion soums and other companies – 18.8% to 1.319 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 (8.377 billion soums, +32.6%), Uzagrosugurta (7.969 billion soums, +32.6%) and Uzbekinvest (2.406 billion soums? +32.6^) are leading on volume of collected premiums in the reporting period.

Kafolat (4.091 billion soums, +2.12 times), Uzagrosugurta (3.689 billion soums, +2.2 times) and Uzbekinvest (1.558 billion soums, +11.8%) are leading on volume of payouts in January-June 2015.

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