In 2024, the insurance market of the Kyrgyz Republic recorded dynamic development - the assets of insurance organizations amounted to KGS 12.7 billion (~EUR 0.14 billion), which is 85.9% more than in 2023.

Total equity increased to KGS 5.8 billion, liabilities reached KGS 6.7 billion, and insurance reserves amounted to KGS 5.2 billion, according to the review of the insurance sector for 2024, published by the Service for regulation and supervision of the financial market of Kyrgyzstan.

As the regulator notes, the sector’s profitability also saw positive dynamics: ROA (return on assets) was 7%, ROE (return on equity) - 15%.

*1 EUR = 90.5844 KGS (December 31st, 2024)