Uzbekistan

Location:
Central Asia, north of Afghanistan

Climate:
mostly midlatitude desert, long, hot summers, mild winters; semiarid grassland in east

Natural hazards:
na



Currency: Som (UZS)

1 EUR = 3,419.23 Som - UZS (December 31st, 2016)
1 EUR = 3,074.19 Som - UZS (December 31st, 2015)
1 EUR = 2,987.74 Som - UZS (December 31st, 2014)
1 EUR = 3,031.90 Som - UZS (December 31st, 2013)
1 EUR = 2,620.31 Som - UZS (December 31st, 2012)
1 EUR = 2,341.97 Som - UZS (December 31st, 2011)
1 EUR = 2,165.13 Som - UZS (December 31st, 2010)

Sources:
The Central Bank of the Repoublic of Uzbekistan
Information-Rating Agency SAIPRO
Ministry of Finance of the Republic of Uzbekistan

Insurance statistics

1H2017Market portfolioxlsx
FY2016Market portfolioxlsx
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3Q2016Insurance Companies Rankingsxlsx
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1H2016Insurance Companies Rankingsxlsx
FY2015Market portfolioxlsx
FY2015Insurance Companies Rankingsxlsx
3Q2015Market portfolioxlsx
3Q2015Insurance Companies Rankingsxlsx
1H2015Market portfolioxlsx
1H2015Insurance Companies Rankingsxlsx
1Q2015Market portfolioxlsx
1Q2015Insurance Companies Rankingsxlsx
FY2014Market portfolioxlsx
FY2014Insurance Companies Rankingsxlsx
3Q2014Market portfolioxlsx
1H2014Insurance market overview pdf
1H2014Market Portfolioxlsx
1H2014Insurance Companies Rankingsxlsx
1Q2014Market portfolioxlsx
1Q2014Insurance Companies Rankingsxlsx
FY2013Insurance market overview pdf
FY2013Market portfolioxlsx
FY2013Insurance Companies Rankingsxlsx
1H2013Insurance market overview pdf
1H2013Market Portfolioxlsx
1H2013Insurance Companies Rankingsxlsx
FY2012Market indicatorsxlsx
FY2012Insurance market overview pdf
1H2012Insurance market overview pdf
FY2011Insurance market overview pdf
FY2011Market Portfolioxlsx
FY2011Insurance Companies Rankingsxlsx
1H2011Insurance market overviewpdf
1H2011Market portfolio and rankingsxlsx
2010Insurance market overviewpdf
2010Market portfolio and rankingsxls
2009Insurance market overviewpdf
2009Market portfolio and rankingsxlsx
1H2010Uzbek insurance market overviewpdf
1H2010Market portfolioxls
1H2010Insurance market rankingsxls

Uzbekistan 1H2018 Insurance Companies Ranking

Uzbekistan 1H2018 Market Portfolio

See all statistics

UZBEKISTAN: Investments by insurance companies increase

The total volume of investments of Uzbek insurers amounted to 867.547 billion soums (1 USD =3294.74 soums on Feb. 8) in 2016, that is, by 19.3 percent more compared to 2015, the country's Finance Ministry told Trend Feb. 8.

STATISTICS: Uzbekistan, FY 2015: stable double digit market growth

In 2015, the aggregate volume of GWP reported by the Uzbek insurers was of UZS 551 billion (or EUR 181 million), up by almost 25.59% y-o-y, according to the market data provided by the Ministry of Finance of the Republic of Uzbekistan. At the same time, claims paid for all types of insurance amounted to UZS 111 billion (EUR 36.6 million), up by 48.73% y-o-y.

UZBEKISTAN: State's participation in KAFOLAT for sale

State's participation in the second ranked insurer KAFOLAT are for sale, according to the Resolution of the Government, as of 28th April, 2015, the company being listed in the group of the state owned joint-stock companies for which the participation of a strategic foreign investors, up to a value of 15.5%, is desired.

UZBEKISTAN to sell state shares in major insurance companies to foreign investors

The State Committee for Privatization, Demonopolization and Development of Competition of Uzbekistan has put up the packages of state-owned shares of the two largest insurance companies of the country - Uzagrosugurta JSC and Kafolat Insurance Company JSC with total starting price of USD 10.67 million for sale to foreign investors.

UZBEK Finance Ministry abolishes license of Silk Road Insurance

Ministry of Finance of Uzbekistan abolished a license of joint stock insurance company Silk Road Insurance. The press service of the Ministry of Finance said that the license for insurance activities SF No. 00195 from 25 July 2014, issued to Silk Road Insurance, was abolished from 3 November 2015. Silk Road Insurance requested the Ministry to abolish the license.
In the first three months of 2015, the aggregate volume of GWP reported by the Uzbek insurers was of UZS 135 billion (or EUR 50 million), up by almost 22% y-o-y, according to the market data provided by the Ministry of Finance of the Republic of Uzbekistan. At the same time, claims paid for all types of insurance more than doubled and amounted to UZS 31.2 billion (EUR 11.5 million), up by 114.8% y-o-y.