STATISTICS: TAJIKISTAN, FY2019: market paid claims jumped almost 44% y-o-y

19 March 2020 — Marina MAGNAVAL
The Tajik insurance market GWP in local currency remained almost unchanged at the end of 2019 (+0.03%), reaching TJS 234.3 million (~EUR 21.6 million), the conversion in euro showing a slight decrease compared to 2018.

Market shares of other compulsory insurance and voluntary insurance have undergone some changes. Other compulsory insurance increased by more than 5% y-o-y, while the voluntary dropped by the same amount.

The market total paid claims, unlike premiums, saw a considerable increase year-on-year, by almost 44% reaching TJS 15.3 million (~EUR 1.4 million), as the data, published by the National Bank, show. The largest increase of paid claims came from the voluntary types and exceeded 50% y-o-y.

Total number of market participants remained the same and by the end of 2019 amounted to 19 including 2 state insurance organizations, 16 non-state and 1 center for mutual insurance support.

1 EUR = 10.8448 Somoni - TJS (December 31st, 2019)
1 EUR = 10.8007 Somoni - TJS (December 31st, 2018)

Access and download the latest Tajik insurance market statistics, in EUR and TJS.

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