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




Cost of compulsory health insurance policy for foreign citizens and stateless persons residing in KYRGYZSTAN is approved

Cost of compulsory health insurance policy for foreign citizens and stateless persons residing in Kyrgyzstan is approved, the press service of the Compulsory Health Insurance Fund (HIF) reports. According to it, the agency has made calculations, the cost of the policy is approved in the amount of 1,012 soms per month and 12,149 soms a year. Cost is agreed with the State Agency of antimonopoly regulation of the Government of the Kyrgyz Republic.



International law firm to advise KYRGYZSTAN on Takaful and Sukuk finance

The international law firm SIMMONS & SIMMONS and the Kyrgyz Republic have signed a ground-breaking agreement to provide consultancy services for the development of laws and regulations, supporting the introduction of Takaful (Islamic insurance) and Sukuk (Islamic securities) in the Kyrgyz Republic. The consultancy services to be provided by SIMMONS & SIMMONS are to be funded through a technical assistance grant provided by the Islamic Development Bank (IDB).

KYRGYZSTAN: Public trust in insurance companies has increased

According to the data of Kyrgyz Financial Supervisory Commission (FSC), in 2013 total premium written by the local insurance companies amounted to KGS 967.8 million (EUR 14.29 million) which is 15.2%, more, in local currency, than in the previous year, when insurance premiums totaled KGS 840.10 million or EUR 13.41 million. Growth of insurance premiums suggests that population's trust in insurance companies have increased.

KYRGYZSTAN, January-April 2012: Market recovery

According to the Kyrgyz Financial Supervisory Commission (FSC) data, in January-April 2012 total premium written by the local insurance companies amounted to KGS 106.8 million (EUR 1.54 million) which is 13.5% more, in local currency, than in the corresponding period of the previous year. Claims paid reached KGS 11.3 million (EUR 0.16 million), which in local currency means an y-o-y increase of 7.6%.

Kyrgyzstan: Establishment of the first reinsurance company

Kyrgyzstan's Government initiated a draft law, proposed for public debate, regarding the set-up of a reinsurance company, "KYRGYZ-English Reinsurance Company", noted a newsletter published by the Government, according to website Knews.ru.


KYRGYZSTAN: Licensing of insurance activities in the Kyrgyz Republic

In this article we will consider the licensing of insurance activities in the Kyrgyz Republic under the current legislation. The Civil Code of the Kyrgyz Republic, Licensing Law, Law on Insurance Procedure in Kyrgyzstan, and the Regulation on licensing of certain activities are the main statutory and legal acts regulating both the insurance activities and licensing of insurance activities.



KYRGYZSTAN: More than 40% increase in 3Q 2011

According to Financial Supervisory Commission, on the 30th September, insurance premium revenues were about KGS 632 million (EUR 10.4 million), or 44% (in European currency) more than the same period in 2010.