Kyrgyzstan

Location:
Central Asia, west of China

Climate:
dry continental to polar in high Tien Shan Mountains; subtropical in southwest (Fergana Valley); temperate in northern foothill zone

Natural hazards:
NA


Currency: Som (KGS)

1 EUR = 71.6943 Som - KGS (December 31st, 2014)
1 EUR = 67.7048 Som - KGS (December 31st, 2013)
1 EUR = 62.6573 Som - KGS (December 31st, 2012)
1 EUR = 60.0652 Som - KGS (December 31st, 2011)
1 EUR = 61.7949 Som - KGS (December 31st, 2010)

Sources:
National Bank of the Kyrgyz Republic
FSA - Gosfinnadzora

Insurance statistics

1H2014Insurance market overview pdf
FY2013Insurance market overview pdf
FY2012Insurance market overview pdf
4M2012Insurance market overview pdf
4M2012Market Portfolioxlsx
3Q2011Insurance market overview pdf
3Q2011Market portfolioxlsx
3Q2011Insurance companies rankingxlsx
8M2011Insurance market overviewpdf
8M2011Market portfolio and rankingsxlsx
2010Insurance market overviewpdf
2010Market portfolio and rankingsxls
1H2010Kyrgyz insurance market overviewpdf
1H2010Market portfolioxls
1H2010Life and non-life insurance rankingsxls

1H2014 Insurance market overview

FY2013 Insurance market overview

See all statistics

International law firm to advise KYRGYZSTAN on Takaful and Sukuk finance

The international law firm SIMMONS & SIMMONS and the Kyrgyz Republic have signed a ground-breaking agreement to provide consultancy services for the development of laws and regulations, supporting the introduction of Takaful (Islamic insurance) and Sukuk (Islamic securities) in the Kyrgyz Republic. The consultancy services to be provided by SIMMONS & SIMMONS are to be funded through a technical assistance grant provided by the Islamic Development Bank (IDB).

KYRGYZSTAN: Public trust in insurance companies has increased

According to the data of Kyrgyz Financial Supervisory Commission (FSC), in 2013 total premium written by the local insurance companies amounted to KGS 967.8 million (EUR 14.29 million) which is 15.2%, more, in local currency, than in the previous year, when insurance premiums totaled KGS 840.10 million or EUR 13.41 million. Growth of insurance premiums suggests that population's trust in insurance companies have increased.

KYRGYZSTAN, January-April 2012: Market recovery

According to the Kyrgyz Financial Supervisory Commission (FSC) data, in January-April 2012 total premium written by the local insurance companies amounted to KGS 106.8 million (EUR 1.54 million) which is 13.5% more, in local currency, than in the corresponding period of the previous year. Claims paid reached KGS 11.3 million (EUR 0.16 million), which in local currency means an y-o-y increase of 7.6%.

KYRGYZSTAN: Licensing of insurance activities in the Kyrgyz Republic

In this article we will consider the licensing of insurance activities in the Kyrgyz Republic under the current legislation. The Civil Code of the Kyrgyz Republic, Licensing Law, Law on Insurance Procedure in Kyrgyzstan, and the Regulation on licensing of certain activities are the main statutory and legal acts regulating both the insurance activities and licensing of insurance activities.