TAJIKISTAN: insurers paid claims' expenses increased by 30.4%

3 August 2022 —
According to the National Bank of Tajikistan, insurance payments and compensations from January to June 2022 amounted to TJS 10.1 million (~EUR 0.99 million), which is 30.4% more y-o-y, according to the regulator.

On July 21, 2022, an event dedicated to summarizing the work of the insurance market for the first half of the year was held, in which the heads of the country's insurance organizations and relevant departments of the National Bank of Tajikistan took part.

It was noted that during the reporting period, assets of the country's insurance system as part of the assets of the financial system saw an upward trend. Compared to the same period last year, assets increased by 12.3%, total equity - by 17.3%, investments in the banking system - by 16.6% and income from them - by 82%.

"Despite such positive results, insurance organizations, which are an integral part of the country's financial system, need to contribute to the development of the country's economy. This contribution, as an additional source of financing for sectors of the economy, will contribute to the achievement of national goals and effective results", said Tolibzoda Firdavs, Deputy Chairman of the National Bank of Tajikistan.

*1 EUR = 10.17 TJS (30.06.2022)