Naperville, IL -- (SBWIRE) -- 03/07/2013 -- The Uzbek insurance industry is a highly competitive industry. The key factors affecting the performance of the Uzbek insurance industry during the review period include fierce competition in the non-life segment, rise in claims ratio and increase in minimum authorized capital requirements. The Uzbek insurance industry increased at robust CAGR during the review period, primarily supported by the non-life insurance segment. Both, voluntary and compulsory insurance classes recorded healthy growth in insurance premiums in 2011. The majority of the insurance business is generated from Tashkent, the capital of Uzbekistan. The financial crisis and European debt crisis did not have any significant impact on the performance of insurance industry during the review period. A stable surplus budget, the high level of official reserves, a stable banking system and prudent borrowing on international financial markets defended the country from the direct effects of the global crisis. Projected robust economic growth in Uzbekistan is expected to drive performance of the insurance industry over the forecast period.
Scope
This report provides a comprehensive analysis of the insurance industry in Uzbekistan
- It provides historical values for the Uzbek insurance industry for the report’s 2008–2012 review period and forecast figures for the 2012–2017 forecast period
- It offers a detailed analysis of the key segments and categories in the Uzbek insurance industry, along with industry forecasts until 2017
- It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions
- It profiles the top insurance companies in Uzbekistan and outlines the key regulations affecting them
Reasons to Buy
- Make strategic business decisions using in depth historic and forecast industry data related to the Uzbek insurance industry and each segment within it
- Understand the demand-side dynamics, key market trends and growth opportunities within the Uzbek insurance industry
- Assess the competitive dynamics in the Uzbek insurance industry
- Identify the growth opportunities and market dynamics within key segments
- Gain insights into key regulations governing the Uzbek insurance industry and its impact on companies and the industry's future
Key Highlights
- The Uzbek insurance industry is a highly competitive industry.
- The key factors affecting the performance of the Uzbek insurance industry during the review period include fierce competition in the non-life segment, rise in claims ratio and increase in minimum authorized capital requirements.
- The Uzbek insurance industry increased at a robust CAGR during the review period, primarily supported by the non-life insurance segment.
- Both, voluntary and compulsory insurance classes recorded healthy growth in insurance premiums in 2011.
- The majority of the insurance business is generated from Tashkent, the capital of Uzbekistan.
- The financial crisis and European debt crisis did not have any significant impact on the performance of the insurance industry during the review period.
- A stable surplus budget, the high level of official reserves, a stable banking system and prudent borrowing on international financial markets defended the country from the direct effects of the global crisis.
- Projected robust economic growth in Uzbekistan is expected to drive performance of the insurance industry over the forecast period.
Companies Mentioned
Uzagrosugurta Uzbekinvest National Export-Import Insurance Company Asia Inshurans Kafolat JSC UVT-Inshurans
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