STATISTICS: UZBEKISTAN, FY2014: The share of compulsory insurance in the total GWP increased by over 1 pp

The Uzbek insurance market ended 2014 with a total gross written premiums volume of UZS 439 billion, equivalent to EUR 146.98 million, up by 29.74% in national currency as compared with 2013, according to the market data provided by the Ministry of Finance of the Republic of Uzbekistan.

In 2014 the share of voluntary insurance in the total amount of insurance premiums decreased by 1.12%, to 68.47% (UZS 300.6 billion), while compulsory insurance lines gained more than 1pp in market share, to 31.53% and totaled UZS 138.4 billion.

Claims paid for all types of insurance amounted to UZS 74.6 billion (EUR 24.98 million), 11.53% more than in 2013.

According to Ministry of Finance of the Republic of Uzbekistan, in the reporting period were active 30 insurance companies.

Access www.xprimm.com and download the FY2014 Uzbek insurance market statistics.

Market indicators (in EUR and UZS):
  • GWP
  • Claims
  • Growth rates
  • Portfolio
  • Market ranking
  • Market shares

Follow XPRIMM Publications on LinkedIn, for more data on the insurance and financial industry.

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