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Information and Rating Agency SAIPRO has published a review of the market of compulsory insurance of civil liability of vehicle owners (CICLVO) of Uzbekistan prepared for the I half of 2016.

По итогам 2016 года компанией рассмотрено свыше 6800 страховых претензий и выплачено страховых возмещений в размере 17 млрд. сумов.
Uzbekinvest Hayot: 13 years in life insurance   22.12.2016 19:00:56 • "UzReport"
Since its inception on 22 December, 2003, Uzbekinvest Hayot JSIC has strictly followed its objectives and provided satisfactory life and health insurance projects. Over these 13 years, the company has been successful at remaining a leading insurer, introducing new projects, and training young specialists.
Press conference organized by Insurance company KAFOLAT discussed implementation of modern information technologies in the field of insurance. In particular, participants spoke about the work of virtual reception of the Chairman of the Company Board. In addition, they talked about execution of a number of laws of the Republic of Uzbekistan by the society, including "On compulsory insurance of civil liability of vehicle owners". Thus, since 2008, since the adoption of the relevant law, the company sold more than 2 million 276 thousand 600 insurance policies on compulsory insurance of civil liability of vehicle owners only.
Today insurance companies of Uzbekistan provide a wide range of insurance services both in general insurance industry, and in the industry of life insurance. The companies also provide insurance services on voluntary and compulsory types of insurance in accordance with their licenses.
As part of execution of the Law of the Republic of Uzbekistan "On appeals of individuals and legal entities", as well as the Resolution of the Cabinet of Ministers dated October 27, 2016 №366 "On responsibility of the heads of ministries and departments, business associations, chairman of the supreme Council of the Republic of Karakalpakstan, khokims of cities and regions to meet continuously the requirements of the Law "On appeals of individuals and legal entities", "Insurance company KAFOLAT" joint-stock company has developed and put into practice the system of consideration of appeals of physical and legal entities.
Timely and prompt fulfillment of commitments before customers is an important indicator of the reliability of any insurance company. "IShONCh" Interbank Insurance Company is carrying out an active work in this direction. Thus, following the results of 10 months of this year, the company considered 510 insurance claims and paid more than 1 billion 470 million soums of compensations. This indicator, in comparison with the same period last year has increased by 1.5 times. Under compulsory insurance of civil liability of the employer, the company paid more than 320 million soums of insurance compensations.
The main activity of "O'zbekinvest Hayot" IC LLC is provision of services for personal insurance, which is one of the priority directions of development of the national insurance market. The demand for life and health insurance products among the population increases from year to year.
"IShONCh" Interbank Insurance Company is one of the leaders of the insurance market of our country, which actively participates in its development. According to company's specialists, for the period from January to October this year the volume of insurance premiums amounted to 5.7 bln. soums.
According to the Ministry of Finance of the Republic of Uzbekistan, the volume of investments of insurance companies in the first 9 months of 2016 amounted to 826.7 billion soums. The figure has demonstrated an increase compared to the same period of the previous year by 20%. Over the past 12 months, the increase in investments of insurance companies amounted to 139.3 billion soums.
"KAFOLAT Insurance Company" held another seminar dedicated to the settlement of insurance claims. The event took place at the Innovation insurance center operating under the Tashkent Financial Institute for students of Insurance faculty.

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