STATISTICS: TAJIKISTAN, 1H 2018 result: voluntary insurance keeps 71% stake in GWP portfolio

In the first half year Tajik market generated TJS 93.63 million of GWP (EUR 8.79 million), TJS 20.65 million from that amount were ceded in reinsurance, based on the data, published by the National Bank of Tajikistan.

All premiums, ceded in reinsurance, came from voluntary classes. State compulsory insurance accounted for less than 1% in the market portfolio of premiums during the first 6 months. At that shares of other compulsory insurance and voluntary insurance reached 28% and 71% accordingly. Paid claims in the first half year amounted only to TJS 5.45 million, and the major part was made by dominating voluntary insurance classes.

The leader in terms of assets (TJS 90.79 million) and charter capital (TJS 87.74 million) is SPITAMEN-Sugurta; SUGURTAIAVVALINIMILLI company keeps the second place assets-wise (TJS 88.17 million) and is the leader in terms of insurance obligations in the market (TJS 73.93 million). Totally, as end of the second quarter, Tajik market was represented by 19 insurance organizations, among them: 2 state, 15 non-state organizations, 1 insurance broker and 1 mutual insurance association. Only 17 of them have certain amounts of assets, obligations and charter capital, at that 2 organizations have no registered amounts at all (Mutual insurance association and non-state company ARIYO). Total number of market players has changed since the first quarter this year. As of the end of March total number of insurance organizations was 22, meaning that 3 non-state companies left the market.

Tajik insurance market represents 3 main insurance types: state compulsory, other compulsory and voluntary. Segment-wise market provides life and non-life insurance, the latter in its turn includes accidents insurance, health insurance, insurance of motor vehicles, insurance of railway vehicles, cargo insurance, insurance of civil and legal liability of vehicle owners and other classes.

Acess http://xprimm.com/ and download the 1H2018 Tajik insurance market statistics.



Follow XPRIMM Publications on LinkedIn, for more data on the insurance and financial industry.

Share |

Related articles

TAJIKISTAN, FY2011: Still in "infancy"

According our estimations, the total GWP amounted about EUR 20 million in 2011, respectively EUR 16 million in case of 2010, representing about 0.4% of GDP (EUR 4.9 billion in 2011 and EUR 4.2 billion in 2010 - published by the National Bank of Tajikistan), Tajik insurance industry being the smallest of the Central Asian CIS markets. Despite rapid growth in recent years, the insurance sector is still underdeveloped, highly concentrated, the majority of companies are undercapitalized, while many forms of insurance protection common in other parts of the world are not yet available.

2012-05-10

ON THE MOVE

Public insurers appoint Achim Bosch to reinsurer board

The supervisory bodies of Deutsche Ruckversicherung AG and the Association of German Public Insurers decided today, to appoint Achim Bosch (53) to the executive board of the two reinsurers, where he will be responsible for non-life reinsurance.

11.10.2018

TOP EVENT

Five new XPRIMM insurance reports to be launched in Baden Baden

Five new titles will be available this year on the XPRIMM Baden-Baden press stands opened in the Kurhaus Casino and in Baden Baden main locations, presenting the latest statistical data and comprehensive analysis for the CEE, SEE and CIS insurance markets.

11.10.2018

Croatian Insurance Days 2018 - Registration opened online

The 2018 edition of the "Croatian Insurance Days" will be held in Opatija, Croatia, on November 7-9, 2018. Organized by the Croatian Insurance Bureau, with the support of the Croatian Ministry of Finance, the conference will have, as usual, a rich and very informative program, also providing for extended networking opportunities.

11.10.2018

ICAR Forum 2018: Main conclusions

The 15th edition of ICAR - The International Catastrophic Risks Forum, taking place in Bucharest, Romania, on 9 October, touches issues of paramount concern.

09.10.2018

The 10th International Istanbul Insurance Conference started today

In emerging markets like Turkey, there can be a significant difference between insured and total insurable losses.
Focusing on closing the protection gap, the 10th International Istanbul Insurance Conference gathers in Istanbul, between the 4th and the 5th of October 2018, well-known speakers from Turkish and the global insurance & reinsurance markets.

04.10.2018

photodune-3834701-laughing-girl-xs

LIVE: 1st National Reinsurers Summit in Moscow: focus on global cooperation

Today has started in Moscow the 1st National Reinsurers Summit "National Reinsurers: Focus on global cooperation". Organized by the Russian National Reinsurance Company (RNRC) with the support of the Central Bank of the Russian Federation, the conference has the xprimm.com insurance portal as Media Partner.

20.09.2018

photodune-3834701-laughing-girl-xs

LIVE from Monte Carlo: The 62nd edition of the "Rendez-Vous de Septembre"

The 62nd edition of the "Rendez-Vous de Septembre", the annual traditional meeting of reinsurers starts Sunday in Monte Carlo. XPRIMM Publications covering the CEE, SEE and CIS insurance markets are available at the XPRIMM stand in Fairmont Hotel, as well as at the most important venues in Monte Carlo.

13.09.2018

See all