Kyrgyzstan
KYRGYZSTAN: Insurers' income nearly doubled in January-September
From January to September of this year, total income of 18 insurance companies operating in the market more than doubled y-o-y, reaching KGS 8.3 billion (~EUR 81 million). The bulk of this amount (almost 90% of the total) came from insurance premiums, according to the National Statistical Committee of the Kyrgyz Republic.
3 December 2025KYRGYZSTAN: MTPL generated the largest share of GSO’s paid claims over the past 10 months
The State Insurance Organization (GSO), the leader in the insurance market of Kyrgyzstan, paid out over KGS 108.8 million (~EUR 1.07 million) to citizens in the first ten months of 2025, for.kg reports.
25 November 2025STATISTICS: KYRGYZSTAN, 3Q2025: the number of contracts reached 2.58 million units, setting a record for the insurance market
The insurance sector as of September 30, 2025, amounted to KGS 7,465.35 million (EUR 72.85 million), which is 99.88% more y-o-y, as data published by the Service for regulation and supervision of the financial market of Kyrgyzstan show.
18 November 2025KYRGYZSTAN: Eldik Bank and Kyrgyzstan Insurance company sign cooperation agreement in Islamic insurance
Eldik Bank and Kyrgyzstan insurance company, a top-five insurance market leader, signed a cooperation agreement in Islamic insurance.
27 October 2025KYRGYZSTAN: Total number of MTPL policies might reach 700 thousand units
According to the State Insurance Organization (GSO), from September 1, 2025, all vehicle owners are required to have a mandatory civil liability insurance policy (MTPL). Drivers face fines for not having a valid policy.
8 September 2025STATISTICS: UPDATE: KYRGYZSTAN, 1Q2025: personal insurance share on the market rises to 42%
The insurance sector of Kyrgyzstan grew by 93.66% at the end of the first quarter of 2025, reaching KGS 1,558.15 million (EUR 16.73 million), according to the updated data published by the Service for regulation and supervision of the financial market of Kyrgyzstan.
26 August 2025STATISTICS: KYRGYZSTAN, 1H2025: mandatory insurance becomes the largest class in the market portfolio
The insurance sector of Kyrgyzstan recorded impressive growth of 107.66% (in KGS) in the first half of the year, reaching KGS 3,961.89 million (EUR 38.72 million), according to data published by the Service for regulation and supervision of the financial market of Kyrgyzstan.
26 August 2025KYRGYZSTAN: 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.
25 June 2025KYRGYZSTAN: Total number of insured residential buildings increased by 2.4 times
The State Insurance Organization reported that, as of June 1, 2025, there are 331.5 thousand compulsory insurance contracts for housing against fires and natural disasters in Kyrgyzstan, 24.kg writes with reference to GSO.
17 June 2025STATISTICS: KYRGYZSTAN, 1Q2025: personal insurance share on the market rises to almost 48%
The insurance sector of Kyrgyzstan grew by 70.20% at the end of the first quarter of 2025, reaching KGS 1,369.39 million (EUR 14.70 million), according to data published by the Service for regulation and supervision of the financial market of Kyrgyzstan.
17 June 2025KYRGYZSTAN: Insurance sector assets up almost 86% in 2024
In 2024, the insurance market of the Kyrgyz Republic recorded dynamic development - the assets of insurance organizations amounted to KGS 12.7 billion (~EUR 0.14 billion), which is 85.9% more than in 2023.
11 June 2025KYRGYZSTAN: Total profit and the number of insurance contracts rise in 1Q2025
In the first quarter of 2025, 17 insurance companies operated on the Kyrgyz market. Their income increased by 2.4 times y-o-y, amounting to KGS 2,097 million (~EUR 22.40 million).
2 June 2025KYRGYZSTAN: A new law introduces mandatory insurance when registering vehicles, real estate and collateral
On April 24, 2025, a law was signed in Kyrgyzstan that introduces mandatory insurance when registering vehicles, real estate and collateral, economist.kg writes.
5 May 2025KYRGYZSTAN: In 2024, insurance companies concluded three times more insurance contracts than the year before
In 2024, total income of 16 insurance companies, operating in the financial sector of the republic, increased almost 2 times y-o-y and amounted to KGS 7.2 billion (~EUR 79.48 million).
28 April 2025KYRGYZSTAN: From January to April, the State Insurance Organization paid over KGS 19 million to victims
For the period from January 1 to April 11, 2025, the State Insurance Organization (GSO) of Kyrgyzstan paid KGS 19.02 million (~EUR 0.19 million) to clients and victims, vesti.kg writes.
22 April 2025KYRGYZSTAN: the draft Law "On Insurance and Insurance Activities" aimed at updating and harmonizing the insurance legislation
On March 20, 2025, the draft Law of the Kyrgyz Republic "On Insurance and Insurance Activities" in a new version, developed by the Financial Supervision Authority in order to update and harmonize the insurance legislation, was adopted in the third reading, according to the website of the State Financial Supervision Authority.
1 April 2025STATISTICS: KYRGYZSTAN, FY2024: personal insurance has the most impressive GWP growth, while compulsory - the most impressive growth in paid claims
The insurance sector of Kyrgyzstan at the end of 2024 grew by 71.32%, reaching KGS 5,202.01 million (EUR 57.43 million), according to data published by the Service for regulation and supervision of the financial market of Kyrgyzstan.
1 April 2025KYRGYZSTAN: State Insurance Organization invited to participate in regional reinsurance mechanism
The State Insurance Organization (GSO), which is the leader in the insurance market of Kyrgyzstan, held a meeting with representatives of the international company Marsh McLennan, a world leader in insurance and reinsurance, IA “24kg” writes with reference to the press service of the insurer.
24 March 2025KYRGYZSTAN: It is proposed to postpone introduction of fines for the absence of MTPL policies for six months
It is proposed to postpone introduction of fines for the absence of an MTPL policy in Kyrgyzstan for six months, as reported by the Chairman of the Service for regulation and supervision of the financial market of Kyrgyzstan Marat Pirnazarov, economist.kg writes.
9 December 2024STATISTICS: KYRGYZSTAN, 3Q2024: double-digit growth rates both in GWP and paid claims
The insurance sector of Kyrgyzstan grew by 56.29% at the end of 3Q2024, reaching KGS 3,734.84 million (EUR 39.80 million), according to data published by the Service for regulation and supervision of the financial market of Kyrgyzstan.
26 November 2024
