Uzbekistan

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Location map
author: OCHA/ ReliefWeb


Location:
- Central Asia.
- Neighbours: Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, Afghanistan.

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

Macro indicators
* 2018 estimates
Surface:448,978km2
Population*:32.7million
Pop. density*:72.7people/km2
GDP*:35.1EUR billion
GDP/capita*:1,075.4EUR

Currency: So'm
Code: UZS
Since: 1994


Insurance market portfolio
* 2018 estimates
Mandatory ins.*:16%
Voluntary ins.*:84%

Sources:



 


Statistics

Uzbekistan 3Q2019 Market Portfolio

Uzbekistan 3Q2019 Insurance Companies Rankings


See all statistics

Latest news











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.


STATISTICS: UZBEKISTAN, 3Q2015: Claims increased by 56.19%

In the first nine months of 2015, the volume of GWP collected by the Uzbek insurance companies totaled UZS 398 billion or EUR 135 million, up by 27% in national currency compared with 3Q2014, according to market data provided by the Ministry of Finance of the Republic of Uzbekistan.

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.