1. CENTRAL ASIAN INSURANCE MARKET:
trends and dynamics

2. CENTRAL ASIAN INSURANCE MARKET: trends and dynamics
CENTRAL ASIA REGION:
Territory: 3 
sq. kilometers
Population,
including:
62 million
Kazakhstan
16,0 million
Kyrgyzstan
5,3 million
Tajikistan
7,3 million
Turkmenistan
6,0 million
Uzbekistan
27,5 million

3. CENTRAL ASIAN INSURANCE MARKET: trends and dynamics
Number of insurance companies
Kazakhstan 41
Kyrgyzstan 19
Tajikistan 16
Turkmenistan 1
Uzbekistan 33
Total
110
Professional participants of insurance market, which are indicated in main insurance laws of countries №
Uzbekistan
Kazakhstan
Kyrgyzstan
Tajikistan
Turkmenistan 1
(Re)Insurers 2
Insurance brokers - 3
Insurance agents 4
Reinsurance brokers  - 5
Actuaries 6
Adjusters
Other entities, carrying out activity concerned with insurance 7
Surveyors 8
Assistance companies

4. CENTRAL ASIAN INSURANCE MARKET: trends and dynamics
*Sources:
**All calculations were done on the basis of information received from the open sources and on the basis of official rates of currencies of respective countries and don’t pretend to absolute exactness.

5. CENTRAL ASIAN INSURANCE MARKET: trends and dynamics
*Sources:
**All calculations were done on the basis of information received from the open sources and on the basis of official rates of currencies of respective countries and don’t pretend to absolute exactness.

6. CENTRAL ASIAN INSURANCE MARKET: trends and dynamics
*Sources:
**All calculations were done on the basis of information received from the open sources and on the basis of official rates of currencies of respective countries and don’t pretend to absolute exactness.

7. CENTRAL ASIAN INSURANCE MARKET: trends and dynamics
*Sources:
**All calculations were done on the basis of information received from the open sources and on the basis of official rates of currencies of respective countries and don’t pretend to absolute exactness.

8. CENTRAL ASIAN INSURANCE MARKET: trends and dynamics
*Sources:
**All calculations were done on the basis of information received from the open sources and on the basis of official rates of currencies of respective countries and don’t pretend to absolute exactness.

9. CENTRAL ASIAN INSURANCE MARKET: trends and dynamics
Minimal sizes of insurer’s authorized capital established in the Central Asian countries (thousand USD)
BRANCHES
KAZAKHSTAN
KYRGYZSTAN
UZBEKISTAN
TURKMENISTAN
TAJIKISTAN
For state companies
For non state companies
Non-life insurance
2 898,4
680,4
1 098,5
100,0
823,5
411,8
Life insurance
4 516,0
1 464,7
Compulsory insurance -
1 134,0
2 197,0
Reinsurance:
in non-life insurance
3 033,2
5 858,8
in life insurance
4 650,8
Professional reinsurance
3 572,4
1 360,8
*Sources:
**All calculations were done on the basis of information received from the open sources and on the basis of official rates of currencies of respective countries and don’t pretend to absolute exactness.

10. CENTRAL ASIAN INSURANCE MARKET: trends and dynamics
Dynamics of the main indicators of Uzbekistan insurance market

11. CENTRAL ASIAN INSURANCE MARKET: trends and dynamics
FACTORS PROVIDING THE STABLE DEVELOPMENT OF INSURANCE IN UZBEKISTAN:
Effective model of economic policy of Uzbekistan.
“Uzbek Model”;
Great attention of the government to the development of insurance;
- Creating maximum favorable conditions for rapid growth of the insurance market.

12. CENTRAL ASIAN INSURANCE MARKET: trends and dynamics
PRINCIPLES, ON WHICH THE “UZBEK MODEL” OF ECONOMICAL POLITCS IS BASED:
The priority of economics over politics;
State is the principal reformer;
Supremacy of law in all aspects of life of the society;
Implementation of a strong social policy;
- Transition to the market relations is undertaken along the evolutionary path.

13. CENTRAL ASIAN INSURANCE MARKET: trends and dynamics
MAIN DIRECTIONS OF DEVELOPING INSURANCE, MENTIONED BY THE PROGRAM ON THE REFORMATION AND DEVELOPMENT OF UZBEKISTAN INSURANCE MARKET FOR 2007 – 2010:
Subsequent perfection of legislation;
Enlarging values, range and raising quality of insurance services;
Providing transparency and reliability of the insurance market;
- Raising the level of specialists’ skills in insurance sphere;

14. CENTRAL ASIAN INSURANCE MARKET: trends and dynamics
CREATING THE MOST FAVORABLE CONDITIONS FOR RAPID GROWTH OF INSURANCE MARKET:
- Granting tax exemptions for insurance companies;
Granting tax exemptions for insurants;
- Granting tax exemptions for shareholders of insurance companies.

15. CENTRAL ASIAN INSURANCE MARKET: trends and dynamics
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