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
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FY2015Insurance Companies Rankingsxlsx
3Q2015Market portfolioxlsx
3Q2015Insurance Companies Rankingsxlsx
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1H2015Insurance Companies Rankingsxlsx
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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 FY2017 Market Portfolio

Uzbekistan FY2017 Insurance Companies Ranking

See all statistics

UZBEKISTAN: The highest growth in the last three years

The Uzbek insurance market ended 1H2013 with a total GWP volume of UZS 191.189 billion (EUR 69.73 million), 43,8% up y-o-y in national currency, according to the market data provided by Information-Rating Agency SAIPRO. Claims paid for all types of insurance amounted to UZS 40.8 billion (EUR 14.87 million), 72.9% more than in the same period of 2012.

UZBEK insurers to be fined for refusal to pay insurance claims

The Finance Ministry, State Tax Committee and State Committee on Privatization, De-monopolization and Competition of Uzbekistan have adopted a joint resolution on the application of penalties for insurers in the amount of 0.09 percent of the minimum share capital for each unjustified refusal to pay the insurance indemnity.

UZBEKISTAN: INGO has increased share capital

On June 25, 2013 has been held the annual general meeting of shareholders of the insurance company "INGO-Uzbekistan" where were discussed results of the company activities for 2012.

UZBEKISTAN: The evolution of the insurance market continues

Following specific measures taken by officials in the country to diversify and make structural changes to the economy, the share of banking, financial, insurance and leasing, communications/IT and others in the country's GDP increased from 38.7% in 2005 to 50.5% in 2011 and to 52.2% by the first half of 2012, according to the program for developing services in the Republic of Uzbekistan for 2012-2016.

UZBEKISTAN, 1H2012: Stability above all

In 1H2012, insurance companies of Uzbekistan increased premiums by 13.4% compared to the total in June 2011, up to UZS 137.8 billion (EUR 57.8 million), according to the market data provided by Information-Rating Agency SAIPRO. Voluntary insurance accounted for 68% of total underwritings, while almost 60% of GWP was reported in Tashkent, the capital of Uzbekistan. The total amount of insurance payments rose by 75% to UZS 24.5 billion (EUR 10.3 million).