STATISTICS: KYRGYZSTAN, 1H2019: paid claims amounted to 18% of the market GWP

12 September 2019 — Marina MAGNAVAL
Total market GWP in 1H2019 reached KGS 523.09 million (EUR 6.61 million), according to data published by the State Service of Financial Market Regulation and Supervision for the Kyrgyz Republic.

Paid claims of local insurers amounted to only KGS 94.38 million (EUR 1.20 million), or 18% of total GWP.

Property insurance holds more than half of the market portfolio (51.08%), while personal insurance moved to second place in terms of GWP, ahead of mandatory classes if compared to the first quarter of 2019.

Of the 17 registered insurers, 14 companies recorded premium generation results. INGOSSTRAKH remains the market leader (KGS 148.41 million or 28.37% of the market), JUBILI Kyrgyzstan keeps second place (12.58%), and ATN-Polis now ranks third, shifting KYRGYZSTAN insurance company one position back.

*1 EUR = 79.1488 KGS (June 30th, 2019)

Access and download 1H2019 Kyrgyz insurance market statistics.

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