As it was announced at the meeting, as of January 1, 2019 the Kyrgyz insurance market was represented by 17 re/insurance organizations, among which: 12 organizations with 100% Kyrgyz capital, 4 organizations with participation of non-residents and 1 organization with mixed capital.
The major part in the total GWP in 2018 was generated by property insurance (64%). Personal insurance accounted for 14.7%, liability insurance - 8.1% and mandatory insurance - 15%.
The major part in the total paid claims in 2018 was also contributed by property insurance (53%), while personal insurance accounted for 33.4% of the total paid claims, liability insurance - 8.2%, mandatory insurance -5.4%, and no claims were paid in life insurance.
Total assets of the insurers, as of January 1, 2019, amounted to KGS 3.99 billion, total equity - KGS 3.86 billion. Obligations amounted to KGS 907.1 million and total insurance reserves reached KGS 271.5 million.
*EUR 1 = KGS 80.0446 (31.12.2018)