KYRGYZSTAN: Total income of insurance companies in the first half of the year dropped by almost 7% y-o-y

1 October 2020 — Marina MAGNAVAL
In 1H2020, total income of insurers in Kyrgyzstan amounted to KGS 593.5 million (~EUR 6.94 million*), which is 6.9% less y-o-y, according to the National Statistical Committee of the Kyrgyz Republic.

At the same time, expenses for the first six months decreased by 20.1%, to KGS 417.9 million (~EUR 4.88 million). During the reporting period, according to the Committee, 16 companies were active on the insurance market, of which 13 were profitable, and 2 were unprofitable. The balanced result amounted to KGS 175.5 million, which is 1.5 times higher than for the first half of 2019 year.

* for the following exchange rate:
1 EUR = 85.5177 KGS (June 30th, 2020)

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