STATISTICS: KYRGYZSTAN, FY2022: insurance sector grows by 71% y-o-y

9 February 2023 —
STATISTICS:  KYRGYZSTAN, FY2022: insurance sector grows by 71% y-o-y
At the end of 2022, the insurance sector of Kyrgyzstan grew by 71% to KGS 2.16 billion (EUR 23.61 million), according to data published by the State Service of regulation and supervision of the financial market at the government of the Kyrgyz Republic.

The strongest growth was recorded by property insurance (+93.76%), and the weakest - by life insurance (+4.54%).

Insurers' paid claims increased by about 29%, reaching KGS 340.02 million (EUR 3.72 million). Compulsory insurance became the paid claims' growth driver, while the least increase was recorded in liability insurance.

At the end of December 2022, there were 14 insurers operating on the market, among which NSK holds the first place in terms of collected GWP, having retained its leading position since 2021. ARSENAL Kyrgyzstan moved up to the second place, while the leader of 2021 JUBILEE moved down to the third position.

Access xprimm.com and download the latest Kyrgyzstani insurance market statistics.



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