TAJIKISTAN: Insurance sector in 2022 saw rise in assets and signed contracts

15 March 2023 — Marina MAGNAVAL
Total number of concluded insurance contracts in Tajikistan in 2022 reached 2.1 million units, which is 7.3% more y-o-y, Trend reports, with reference to the National Bank of Tajikistan.

Total assets of the insurance companies amounted to TJS 612 million (USD 56.3 million) as of December 31, 2022, which is 16.4% more than in 2021, the press release said. The balance sheet capital totaled TJS 359 million (USD 33 million), increasing by 20.6% y-o-y.

The liabilities of the insurance sector reached TJS 226 million (USD 20.8 million), which is 10% more compared to 2021, the return on assets (ROA) amounted to 3.1% in the period, and the return on equity (ROE) - to 7.3%, which is an increase of 1.6 p.p. and 3.1 p.p. y-o-y respectively.

In 2022 the insurance sector in Tajikistan was presented by 16 companies (including one state insurance company and 15 private companies with 67 branches): Tojiksughurta, Muin, Mehnat, Eskhata Sugurta, IRO Spitamen Insurance, Itminon, Bima, Bima Life, Sugurtai Sharq, Tojik and China Insurance, Sughurtai avvalini milli, Insurance of 21st century, Sipahr, Takafful, DC Insurance, and Paymon Insurance.

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