Insurance business in Uzbekistan: state, perspectives and their coverage in the media
22 May 2008 INTERCONTINENTAL TASHKENT
Tashkent, Republic of Uzbekistan
Insurance Business in Uzbekistan: Condition, Prospects and Media Coverage" Forum was held in Tashkent on 22 May 2008.
The forum was organized by SAIPRO Company and the Public Foundation for the Support and Development of Media of the Republic of Uzbekistan, the Association of Professional Participants of the Insurance Market of Uzbekistan, and the Chamber of Industry and Commerce.
During the forum the issues concerning the priority tasks for the development of insurance business in Uzbekistan, raising public awareness about the achievements made on the way to reforming the domestic insurance market, as well as the improvement of the level of insurance culture of the population and intensification of the work on elucidation of the reforms being implemented in the sphere of insurance were discussed.
Among the participants of the forum were the members of the Senate and the deputies of the Legislative Chamber of Oliy Majlis (parliament) of the Republic of Uzbekistan, the representatives of ministries and agencies, state and public organizations, managers of insurance, leasing companies and banks, the executives of investment companies, heads of universities and the representatives of the United Nations Development Programme Office in Uzbekistan.
Currently 28 insurance companies, one reinsurance company, two insurance brokers and two assistance services are present in the insurance market of Uzbekistan.
According to the results of 2007, insurance companies received over 72.3 billion soums in insurance premiums for voluntary and mandatory types of insurance. This exceeds the results of the previous year by 45.5%. In the past five years the insurance premiums collected by the insurance companies have grown 3.3 times.
Supported by Public Fund for Support and Development of Independent print media and news agencies of Uzbekistan
OFICIAL SUPPORT
Ministry of Finance of the Republic of Uzbekistan Chamber of Commerce and Industry of the Republic of Uzbekistan Association of Professional Participants of the Uzbek Insurance Market
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