STATISTICS: TAJIKISTAN, 1H2020: market growth supported by voluntary insurance, which occupies over 77% of the portfolio

14 January 2021 —
The insurance market of Tajikistan completed the first half of 2020 with an increase of 32.50% y-o-y. Total GWP reached TJS 129.06 million (EUR 11.16 million*), according to the data, recently published by the National Bank of the country.

Market growth was supported only by voluntary insurance classes, while compulsory insurance decreased. The share of voluntary insurance in the market portfolio expanded significantly and exceeded 77%, while compulsory state insurance and other types of compulsory insurance recorded a decrease y-o-y.

Paid claims of the local insurers at the end of the first half of 2020 increased by more than 55% y-o-y to TJS 9.36 million (EUR 0.81 million), and again, mainly due to their growth in the voluntary types of insurance.

* at the following exchange rate:

1 EUR = 11.5640 TJS (June 30th, 2020)

Access XPRIMM Database and download the statistics of the Tajik market.