UZBEKISTAN: paid claims of O`zbekinvest Hayot for 9 months increased by almost 71% y-o-y

From January to September 2019, the paid claims of O`zbekinvest Hayot exceeded UZS 84.4 billion (~EUR 8.13 million), which is 70.8% more than a year ago, according to UzReport.news.

Total number of settled claims for the period amounted to 10.2 thousand units, about 75% of them being settled in regions of the country.

The share of voluntary insurance in the company's paid claims reached 97.4%, while compulsory insurance accounted for only 2.6%, namely under annuity insurance contracts as part of the implementation of the Law "On compulsory insurance of Employer's civil liability", UzReport.news writes.

Based on 1H2019 market results, O`zbekinvest Hayot is the leader of the local market among 20 companies, with a market share in total GWP of 12.2%.

*EUR 1 = UZS 10383.02 (as of October 1, 2019)



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