STATISTICS: TAJIKISTAN, FY2018: the market went down in both local currency (-0.7%), and in euro (almost 3%)

27 February 2019 — Marina MAGNAVAL
In 2018, Tajik insurers generated TJS 234.2 in GWP (EUR 21.68 million), the market decreased both in local currency (-0.7%) and in euro (-2.76%), according to market data published by the National Bank of Tajikistan.

Almost 74% of premiums were provided by voluntary classes. At the same time, the share of voluntary insurance in the market portfolio dropped by about 3%, while the share of mandatory increased by almost 3%.

The market paid claims in 2018 in local currency decreased by more than 8%, voluntary insurance dominates in paid claims (85%). Paid claims of voluntary classes went up by almost 6%, and paid claims of mandatory ones dropped significantly.

The total number of insurance contracts in 2018 increased by 1.8% to 1,836,233 units. The number of contracts of mandatory insurance decreased, while the number of voluntary insurance contracts went up by 2.5%.

As of the end of 2018, the Tajik insurance sector was represented by 19 organizations (16 non-state, 2 state and 1 center for mutual insurance support). The market leader in terms of charter capital is SPITAMEN-Sugurta (TJS 87.74 million); in terms of assets and obligations - SUGURTAI AVVALINI MILLI (TJS 128.4 million and TJS 83.76 million accordingly).

*1 EUR = 10.8007 Somoni - TJS (December 31st, 2018)

Access and download FY2018 Tajik insurance market statistics.

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