According to the National Bank of Tajikistan, for the first nine months of 2022, assets of insurance (reinsurance) organizations amounted to TJS 612.3 million (~EUR 63.84 million). The share of insurers' assets for the period was equal to 0.6% of GDP.
The lower chamber of the Tajik parliament adopted amendments to the law "On Insurance of Savings of Individuals". Along with individuals, it is also proposed to insure savings and deposits of individual entrepreneurs, small businesses, as well as non-profit organizations, ASIA-Plus writes.
In Tajikistan, by decision of the National Bank, a new company, DS Sugurta, began insurance activities, tj.sputniknews.ru reports referring to the press service of the Tajik regulator.
The National Bank of Tajikistan (NBT) has revoked licenses for two companies operating in the country's insurance market, tj.sputniknews.ru reports according to the press service of the Tajik regulator. KAFIL and Bakel-Tilli Tochikiston had their licenses revoked.
According to the National Bank of Tajikistan, insurance payments and compensations from January to June 2022 amounted to TJS 10.1 million (~EUR 0.99 million), which is 30.4% more y-o-y, according to the regulator.
According to the results of 2021, the insurance sector of Tajikistan amounted to TJS 287 million (EUR 22.43 million), which is 21.7% more than in 2020, according to the data published in the report of the National Bank.
Own funds (capital) of professional participants in the insurance market for 2021 amounted to TJS 320.5 million (EUR 25.25 million*), which is 47.4% more y-o-y. The National Bank in its review notes that the major part of the own funds of professional market participants is their charter capital, which increased by 91.6% in 2021.
Total charter capital of insurance companies in Tajikistan almost doubled in 2021, mainly due to entering of new players on the market, ASIA-Plus reports.
In November, the National Bank of Tajikistan in Dushanbe hosted a presentation of reinsurance services with the participation of domestic insurance companies, IA Avesta reports.
The National Bank of Tajikistan (NBT) did not renew the license of the insurance company Tojiksarmoyaguzor (according to data for 2020, it is one of the five leaders in the insurance market in terms of assets and charter capital).
The equity capital of insurance organizations in Tajikistan from June 2020 to June 2021 increased by 90%. At the same time, their total charter capital at the end of June 2021 reached TJS 232.6 million (EUR 17.28 million*), ASIA-Plus wrote according to the press service of the National Bank of Tajikistan (NBT).
On June 29, 2021, an official visit of the President of the Republic of Kyrgyzstan to the Republic of Tajikistan took place, according to the website of the Agency for Social Insurance and Pensions under the Government of the Republic of Tajikistan.
The National Bank of Tajikistan presented "The procedure for calculating the ratio of equity (capital) and liabilities of insurance (reinsurance) organizations", Avesta news agency reported.
In March 2021, in Tajikistan, by the decision of the Board of the National Bank of Tajikistan, a license was issued to the insurance company DS SUGURTA for a period of 5 years, writes the information agency Avesta.
At the end of 3Q2020, the insurance market in Tajikistan expanded by 4.05% to TJS 175.30 million (EUR 14.50 million*). At the same time, again, growth was provided by voluntary types of insurance, while compulsory insurance continued the downward trend, according to data published by the National Bank.
The insurance market of Tajikistan completed the first half of 2020 with an increase of 32.50% y-o-y. Total GWP reached TJS 129.06 million (EUR 11.16 million*), according to the data, recently published by the National Bank of the country.
In the first nine months of 2020 total assets of the Tajik insurance companies reached TJS 417.3 million (~EUR 34.5 million*), which is about 92% of their assets amount in 2019, according to the data, published by the National Bank of Tajikistan.
Tajikistan introduced a new type of insurance against COVID-19, as Abdullo ABDULLOEV, the first deputy general director of the State Company Tojiksugurta noted, Avesta reports.
At the end of June 2020, the lower house of the Tajik Parliament approved the law "On compulsory insurance of liability of vehicle owners", aimed at increasing competition in the segment, the Tajik news agency reported.