KYRGYZSTAN: MTPL comes into force on July 1

25 June 2025 — Marina MAGNAVAL
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.

According to the Service for regulation and supervision of the financial market of Kyrgyzstan, 6,945 road accidents were registered in Kyrgyzstan in 2023. In 2024, more than 7 thousand road accidents were registered in the country, which indicates their growth. From January 1, 2025, to the present day, more than 1,500 road accidents have been registered.

MTPL paid claims from 01.01.2024 to 01.01.2025 (one year) amounted to KGS 33.2 million (~EUR 0.37 million). While MTPL paid claims from 01.01.2025 to 01.06.2025 (first five months) reached KGS 60.3 million (~EUR 0.61 million), which indicates a rapid increase in payments.

* 1 EUR = 90.5844 KGS (December 31st, 2024)

1 EUR = 99.21 KGS (May 31, 2025)



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