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)

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