Kyrgyzstan
STATISTICS: KYRGYZSTAN, 3Q2019: over half of total GWP comes from property insurance
At the end of September 2019, GWP of the Kyrgyz insurance market saw an increase by almost 15% y-o-y (in local currency), to KGS 734.38 million/EUR 9.65 million, as the data, published by the National Statistical Committee of the Republic, show.
28 November 2019STATISTICS: KYRGYZSTAN, 1H2019: paid claims amounted to 18% of the market GWP
Total market GWP in 1H2019 reached KGS 523.09 million (EUR 6.61 million), according to data published by the State Service of Financial Market Regulation and Supervision for the Kyrgyz Republic.
12 September 2019STATISTICS: KYRGYZSTAN, 1Q2019: property insurance exceeded 54% of market portfolio
According to data published by the Kyrgyz Republic's State Service for Regulation and Supervision of Financial Markets, in the first three months of 2019, GWP amounted to KGS 268.10 million (EUR 3.42 million).
6 June 2019STATISTICS: KYRGYZSTAN, FY2018: more than 83% of business generated by voluntary classes
In 2018, the insurance market of Kyrgyzstan saw growth of 8.79% y-o-y in local currency. GWP, generated by insurers, reached KGS 1.09 billion (EUR 13.65 million), as data published by the National Statistical Committee of the Republic show.
9 May 2019KYRGYZSTAN: INGOSSTRAKH leads TOP-7 insurers in 2018 GWP
Of 17 insurers, INGOSSTRAKH leads the TOP-7 in terms of 2018 GWP (USD 6.09 million), according to an overview of the Kyrgyz market, presented at the international conference in Kazakhstan, dedicated to insurance in Central Asia.
25 April 2019Only 12 out of 19 insurance companies in Kyrgyzstan are profitable
24 April 2019INGOSSTRAKH Insurance has traditionally held the leading position in the market of the Kyrgyz Republic in 2018
Based on 2018 results, the total GWP of INGOSSTRAKH Insurance Company under direct insurance agreements amounted to KGS 423,5 million, which in total market GWP, generated by 16 insurance companies of the Kyrgyz Republic, is equal to 40,9%.
21 March 2019KYRGYZSTAN: ATN Polis headed rankings in terms of 2018 paid claims
Insurance company ATN Polis became the market leader of Kyrgyzstan in terms of claims paid in 2018. The insurer's paid claims amounted to KGS 20.51 million (~EUR 0.25 million), according to the company's official announcement on its website.
14 March 2019KYRGYZSTAN: property insurance led 2018 year in GWP and paid claims
The State Service on regulation and supervision of the financial market under the government of the Kyrgyz Republic (supervisor) on February 8, 2019 conducted a meeting of the Executive Council, dedicated to the results of 2018 and tasks for 2019, according to the statement on the official website.
14 February 2019KYRGYZSTAN: law on compulsory MTPL insurance will come into force on February 7, 2019
On February 7, 2019 the law on compulsory MTPL insurance will come into force in Kyrgyzstan, as the State Service for Regulation and Supervision of the Financial Market under the Government of the Kyrgyz Republic informed.
25 January 2019STATISTICS: KYRGYZSTAN, 3Q2018: property insurance takes about 50% of GWP
For 9 months in 2018 GWP of Kyrgyz insurers amounted to KGS 638.96 million, according to the report of the State Service for Regulation and Supervision of the Financial Market under the Government of the Kyrgyz Republic.
22 November 2018KYRGYZSTAN: development of agro insurance is planned on the basis of Turkish experience
Kyrgyzstan plans to develop agro insurance of crops and livestock based on the experience of Turkey, said information agency Kabar.
27 September 2018Insurance organizations concluded over 42,000 contracts for 25.5 billion soms in H 1
29 August 2018KYRGYZSTAN: after 10 years of waiting, the law on MTPL will come into force on February 7, 2019
The law on MTPL, which hasn't been working since its adoption during 10 years, will finally come into force on February 7, 2019, according to the information agency Sputnik.
22 August 2018KYRGYZSTAN: State service for regulations and supervision - for 1Q insurance market increased by 20.6%
On July 12 the State service for regulations and supervision held a conference devoted to the activity results during the first half of the year and future perspectives, as the regulator informed on the official website.
17 July 2018PAID Romania - a model for reforming the mandatory home insurance system in Kyrgyzstan
Initiated by the World Bank, a technical knowledge exchange meeting was held in Bucharest with PAID Romania representatives and a delegation consisting of high-level representatives of the insurance market and the Kyrgyz parliament, on the topic of the Romanian experience in building a compulsory home insurance scheme.
21 June 2018Kyrgyzstan: half of the Kyrgyz insurers ended Q1 2018 with a positive balance sheet
Total profit for the 1st quarter 2018 amounted to KGS 58.2 million. "Out of 21 insurance companies of the market, profit was generated by 10 companies", - informed the National statistics committee.
20 June 2018KYRGYZSTAN: insurance industry is developing, only with difficulty
In May the Association of the Kyrgyz Insurers conducted an annual meeting, dedicated to discussion of the last year result. According to the participants of the meeting in 2017 the local market was developing gradually and the insurance volume growth amounted to 12.5 %.
10 May 2018STATISTICS: Kyrgyzstan insurance market reported EUR 13 million in FY2017 GWP
At the end of 2017, the Kyrgyz Republic insurance market totalled about KGS 1.06 billion (about EUR 13 million), according to the end-year market figures published on the market authority website.
15 February 2018KYRGYZSTAN: MP suggests introduction of vehicle liability insurance since January 2018
MP Almazbek Ergeshov (Kyrgyzstan) has proposed to introduce vehicle liability insurance since January 1, 2018, one year earlier than planned.
15 June 2017
