Kyrgyzstan

Kyrgyzstan
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Kyrgyzstan
Location map
author: OCHA/ ReliefWeb


Location:
- Central Asia.
- Neighbours: Tajikistan, Uzbekistan, Kazakhstan, China.

Climate:
- dry continental to polar in high Tien Shan Mountains;
- subtropical in southwest (Fergana Valley);
- temperate in northern foothill zone.

Macro indicators
* 2018 estimates
Surface:199,951km2
Population*:6.4million
Pop. density*:31.9people/km2
GDP*:6.96EUR billion
GDP/capita*:1,090.5EUR

Currency: Som
Code: KGS
Since: 1993


Insurance market portfolio
* 2018 estimates
VOLUNTARY*:83%
COMPULSORY*:17%
Overall Property*:66%
Liability*:8%

Sources:



 

KYRGYZSTAN: MTPL comes into force on July 1

Motor third party liability insurance (MTPL) comes into force on July 1, 2025, in accordance with the Law of the Kyrgyz Republic “On compulsory motor third party liability insurance of motor vehicle owners” dated July 24, 2015.



















KYRGYZSTAN: Innovations in insurance legislation aimed at modernizing the country's insurance market and increasing its efficiency

The Service for Regulation and Supervision of the Financial Market of Kyrgyzstan has developed a draft law “On Insurance and Insurance Activities” that meets the requirements of international standards established by the International Association of Insurance Supervision (IAIS). The innovations are aimed at modernizing the country’s insurance market and increasing its efficiency, the financial portal Akchabar reports.