It is noteworthy that at the same time, paid claims fell by 26%, mainly in property and mandatory segments, according to data published by the State Service of regulation and supervision of the financial market at the government of the Kyrgyz Republic.
Personal insurance saw the most impressive growth rates - over 92%, while liability insurance grew less than other market segments. On the paid claims side, the greatest growth was observed precisely in liability insurance - by more than 86%.
At the end of the first quarter of 2023, there were 14 insurers operating on the market, among which the first place in terms of GWP was taken by NSK (KGS 180.75 million), moving the former leader ARSENAL Kyrgyzstan to the second place, and Jubilee Kyrgyzstan to the third.
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