UZBEKINVEST HAYOT PAYS 15.1B SOUMS IN INSURANCE OVER 9 MONTHS

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October 30, 2016

UZBEKINVEST HAYOT PAYS 15.1B SOUMS IN INSURANCE OVER 9 MONTHS

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Life and health, the core of Uzbekinvest Hayot’s insurance activities, require an individual approach in working with clients. This is even more so when examining claims over events which might entail insurance payment.

Over the first 9 months this year, the company examined 4.11 thousand claims, 4.04 thousand of which have been settled and the rest are under examination. Uzbekinvest Hayot paid 15.1b soums in insurance benefits, reporting a 143.5% growth as compared to the same period last year.

With 91.3% of the total, voluntary insurance held the topmost position among other types of insurance payouts, accounting for 90% of the total sum paid. Under the Law “On Compulsory Insurance of Civil Liability of the Employer”, employers’ liability payouts claimed 8.7% of the total amount. Insurance payments made up 58.6% of the insurance premiums received.

Insurance agreements signed by Uzbekinvest Hayot’s regional offices accounted for 55% of all contracts, gaining more than 72% of the total sum. This attests to the rising prominence of the company’s regional branches in insurance activities.