UZBEKISTAN: from January to September O'zbekinvest Hayot paid claims 88% more y-o-y

From January to September this year paid claims' growth rate of O'zbekinvest Hayot amounted to 88% y-o-y and reached UZS 49.6 billion, as UzReport informed.

The company's activity is mainly focused on voluntary insurance, which has a 95.8% stake in its portfolio. At that paid claims of the insurer's voluntary classes amounted to 94.9% of all paid claims, and the share of compulsory insurance of the employer's civil liability accounts only for 4.19%. The ratio between paid claims and GWP of the company during the period under consideration amounted to 67%.

Based on 2017 result O'zbekinvest Hayot was among TOP-10 of the local market leaders in terms of GWP with its market share of 6.8% (5th place), and according to 1H2018 result the insurer took 8th place in the Uzbek market ranking out of 27 companies.

*EUR 1 = UZS 9492.35 (30.09.2018)

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

Share |

Related articles

UZBEKISTAN: Premium of GROSS INSURANCE went up by 144.3% y-o-y

Premiums of GROSS INSURANCE for the first half of 2018 exceeded UZS 78.5 billion*, which is 144.3% more than a year ago. Among 27 local insurers, GROSS INSURANCE ranks 3rd in terms of generated premiums, as data of the Ministry of Finance of Uzbekistan show.

2018-09-05

ON THE MOVE

IGI appoints its first Chief Technology Officer

International General Insurance Holdings Limited (IGI), the international specialist commercial insurer and reinsurer, has announced the appointment of Nasser ZAGHA to the newly-created role of Chief Technology Officer.

15.11.2018

TOP EVENT

Reducing the risks in agriculture by using insurance means, discussed in Skopje

On November 1st, an Agricultural insurance conference took place in Skopje, Macedonia, organized by the Insurance Supervision Agency in cooperation with the Ministry of Agriculture, Forestry and Water Economy. Drawing attention to the necessity of reducing the risks in agriculture by using insurance was the event's main purpose.

06.11.2018

IIF 2018 - Insurance in a DIGITAL WORLD

Emmanuel DJENGUE, Innovation Director, Europe - RGAX, Spain is the Keynote Speaker at IIF 2018 - Insurance in a DIGITAL WORLD Conference in Bucharest, on November 27.

05.11.2018

See all