STATISTICS: KYRGYZSTAN, 1Q2021: paid claims amounted to 13% of total GWP

13 May 2021 — Marina MAGNAVAL
The insurance market in Kyrgyzstan in the first three months of 2021 reached KGS 325.17 million (EUR 3.27 million), while insurers paid only KGS 42.27 million for insured events, thus the paid claims ratio amounted to 13%, as the data published by the State Service of regulation and supervision of the financial market at the government of the Kyrgyz Republic shows.

The largest share (over 50%) in the market GWP portfolio falls on property insurance, and the smallest (only 0.03%) - on life insurance. In terms of paid claims, the largest amount was paid under personal insurance (KGS 19.59 million), while there were practically no claims paid under life insurance.

At the end of March 2021, 14 insurance companies operated in the insurance market of Kyrgyzstan, of which INGOSSTRAKH remains the leader with a share of almost 22%, followed by JUBILI Kyrgyzstan (~ 15%) and NSK.

Access and download statistics of the Kyrgyz insurance market for 1Q2021.

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