Why is this important
The growth of insurance volumes indicates an increase in financial literacy, market confidence, and the strengthening of insurance’s role in the economy.
What happened
- Total volume of insurance services: 7.7 trillion soums
- Growth compared to last year by 1.7 trillion soums
- The largest contribution: property, car, cargo, accident insurance — 81%.
- Reinsurance — 13.9%, life insurance — 5.1%.
Context
In the first half of 2025, insurance premiums increased by 46% to 6.23 trillion soums. Life insurance remains on the periphery of the market for now.
The authorities are stimulating the sector’s development through legislation, digitalization, and InsurTech support.
