At the end of 2023, the positive balanced financial result of insurance companies amounted to about KGS 419 million of profit, which is almost 11% more than in 2022.
The number of insurance contracts concluded in 2023 exceeded 515 thousand units, which is 1.6 times more y-o-y. At the same time, of the total number of concluded contracts, over 88% were contracts with individuals. Most contracts (64.5%) were concluded in voluntary insurance.
At the end of 2023, the insured amount under concluded contracts reached KGS 1,760.3 billion (+29%). The largest increase in the insured amount was recorded under contracts of voluntary insurance of property of legal entities and liability insurance of vehicle owners, according to the committee.
*1 EUR = 98.5328 KGS (December 31st, 2023)
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