Kyrgyzstan

Insurance statistics - Kyrgyzstan

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Location map
author: OCHA/ ReliefWeb


Location:
- Central Asia.
- Neighbours: Tajikistan, Uzbekistan, Kazakhstan, China.

Climate:
- dry continental to polar in high Tien Shan Mountains;
- subtropical in southwest (Fergana Valley);
- temperate in northern foothill zone.

Macro indicators
* 2018 estimates
Surface:199,951km2
Population*:6.4million
Pop. density*:31.9people/km2
GDP*:6.96EUR billion
GDP/capita*:1,090.5EUR

Currency: Som
Code: KGS
Since: 1993


Insurance market portfolio
* 2018 estimates
VOLUNTARY*:83%
COMPULSORY*:17%
Overall Property*:66%
Liability*:8%

Sources:



 


Statistics

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Kyrgyzstan 1H2020 Insurance Companies Rankings

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Kyrgyzstan 1H2020 Market Portfolio


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Latest news





KYRGYZSTAN: insurance industry is developing, only with difficulty

In May the Association of the Kyrgyz Insurers conducted an annual meeting, dedicated to discussion of the last year result. According to the participants of the meeting in 2017 the local market was developing gradually and the insurance volume growth amounted to 12.5 %.










KYRGYZSTAN: Basic CMTPL insurance premium totally unfounded

Basis Compulsory Motor Third Party Liability (CMTPL) insurance premium is totally unfounded. A lawyer Iskender Elakunov said today at a round table discussion "Auto insurance: project with egregious blunders, aimed at protection of narrow group of interests."


KYRGYZSTAN: Insurance companies can insure all car owners in a short time

Insurance companies will be able to insure all car owners in a short time. Deputy Director General of ATM Polis Ernis Abdykeev told today at a press conference in Kabar Agency. According to him, at the moment insurance companies are working hard so that in a short time to give everyone insurance policy. "We think that we can promptly issue insurance policies to our drivers," said Abdykeev.

KYRGYZSTAN: CMTPLI tariffs still not approved

Compulsory motor third party liability insurance tariffs are still not approved in Kyrgyzstan. Senior inspector of administrative practices of the Road Patrol Service under the Ministry of Internal Affairs Nur Satybaldyev told 24.kg news agency.

KYRGYZSTAN plans to create state reinsurance company

The Ministry of Economy proposes to create State Reinsurance Company JSC.  A draft resolution was posted on the website of the government for public discussion. The State Property Management Fund was instructed to act as JSC founder by forming its charter capital in the amount of 200 million soms.

International agencies assign credit rating to KYRGYZSTAN for the first time

The international agencies have assigned a credit rating to Kyrgyzstan for the first time. The Ministry of Economy of the Kyrgyz Republic reported. According to him, the country has received sovereign B2/ Stable and B credit ratings from Moody's Investors Service and Standard & Poor's. Note, that large international investors, before coming to the country, study its economic situation exactly according to the ratings. Assigning of credit ratings to the country has impact on the commercial banks and enterprises. Based on it, the banks and other financial intermediaries make decisions on lending, transactions in the money market, insurance, leasing and other situations that require assessment of the solvency of a business partner.