Kyrgyzstan
KYRGYZSTAN: law on compulsory MTPL insurance will come into force on February 7, 2019
On February 7, 2019 the law on compulsory MTPL insurance will come into force in Kyrgyzstan, as the State Service for Regulation and Supervision of the Financial Market under the Government of the Kyrgyz Republic informed.
25 January 2019STATISTICS: KYRGYZSTAN, 3Q2018: property insurance takes about 50% of GWP
For 9 months in 2018 GWP of Kyrgyz insurers amounted to KGS 638.96 million, according to the report of the State Service for Regulation and Supervision of the Financial Market under the Government of the Kyrgyz Republic.
22 November 2018KYRGYZSTAN: development of agro insurance is planned on the basis of Turkish experience
Kyrgyzstan plans to develop agro insurance of crops and livestock based on the experience of Turkey, said information agency Kabar.
27 September 2018Insurance organizations concluded over 42,000 contracts for 25.5 billion soms in H 1
29 August 2018KYRGYZSTAN: after 10 years of waiting, the law on MTPL will come into force on February 7, 2019
The law on MTPL, which hasn't been working since its adoption during 10 years, will finally come into force on February 7, 2019, according to the information agency Sputnik.
22 August 2018KYRGYZSTAN: State service for regulations and supervision - for 1Q insurance market increased by 20.6%
On July 12 the State service for regulations and supervision held a conference devoted to the activity results during the first half of the year and future perspectives, as the regulator informed on the official website.
17 July 2018PAID Romania - a model for reforming the mandatory home insurance system in Kyrgyzstan
Initiated by the World Bank, a technical knowledge exchange meeting was held in Bucharest with PAID Romania representatives and a delegation consisting of high-level representatives of the insurance market and the Kyrgyz parliament, on the topic of the Romanian experience in building a compulsory home insurance scheme.
21 June 2018Kyrgyzstan: half of the Kyrgyz insurers ended Q1 2018 with a positive balance sheet
Total profit for the 1st quarter 2018 amounted to KGS 58.2 million. "Out of 21 insurance companies of the market, profit was generated by 10 companies", - informed the National statistics committee.
20 June 2018KYRGYZSTAN: 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 %.
10 May 2018STATISTICS: Kyrgyzstan insurance market reported EUR 13 million in FY2017 GWP
At the end of 2017, the Kyrgyz Republic insurance market totalled about KGS 1.06 billion (about EUR 13 million), according to the end-year market figures published on the market authority website.
15 February 2018KYRGYZSTAN: MP suggests introduction of vehicle liability insurance since January 2018
MP Almazbek Ergeshov (Kyrgyzstan) has proposed to introduce vehicle liability insurance since January 1, 2018, one year earlier than planned.
15 June 2017KYRGYZSTAN: MP proposes to start executing law on home insurance
The law on insurance of housing should be executed, member of the Parliament Ainura Altybaeva (SDPK party) said at the session of the Parliament.
10 May 2017KYRGYZSTAN: Mandatory car insurance will be introduced from February 7, 2019
Kyrgyz President Almazbek Atambayev signed the Law "On Amendments to the
Law" On mandatory insurance of civil liability of vehicle owners", the
Kyrgyz President's press service reports.
8 August 2016KYRGYZSTAN: Introduction of mandatory liability car insurance delayed for 3 years
The Parliament of Kyrgyzstan on June 30 passed the amendments to the law on mandatory liability car insurance that delay introduction of the requirement for 3 years - until February 7, 2019.
7 July 2016KYRGYZSTAN: Total assets of insurance companies increased by 19.3%
Total assets of 18 existing insurance companies in Kyrgyzstan have increased by 19.3%.
7 April 2016Main problems of KYRGYZ businessmen - high insurance premiums, unjustified inspections and corruption
Kyrgyz entrepreneurs mentioned the high rates of insurance premiums,
unjustified inspections and corruption among their main problems. They
stated it at the round table in the Chamber of Commerce of the Kyrgyz
Republic.
18 February 2016Prime Minister first in KYRGYZSTAN insures his home
The State Insurance Company of Kyrgyzstan has begun insurance of housing
against fire and natural disasters. The first who made it was the Prime
Minister Temir Sariev.
12 February 2016KYRGYZSTAN: Volume of insurance payments halves in 2015
In 2015, the volume of insurance payments halved, the board chairman of
the State Service for Supervision over the Financial Market Sanzhar
Mukanbetov said today at a meeting.
26 January 2016KYRGYZSTAN: 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."
21 January 2016KYRGYZSTAN: Minimum amount of compulsory housing insurance in city is 1,200 soms per year
"Compulsory insurance of property is divided into two types: for city
and for village. The minimum sum for a village is 600 soms per year,
and for city - 1,200 soms," the Chairman of the State Service for
Regulation and Supervision over the Financial Market Sanzhar Mukanbetov
said at a press conference.
14 January 2016
