Paid claims of local insurers amounted to only KGS 94.38 million (EUR 1.20 million), or 18% of total GWP.
Property insurance holds more than half of the market portfolio (51.08%), while personal insurance moved to second place in terms of GWP, ahead of mandatory classes if compared to the first quarter of 2019.
Of the 17 registered insurers, 14 companies recorded premium generation results. INGOSSTRAKH remains the market leader (KGS 148.41 million or 28.37% of the market), JUBILI Kyrgyzstan keeps second place (12.58%), and ATN-Polis now ranks third, shifting KYRGYZSTAN insurance company one position back.
*1 EUR = 79.1488 KGS (June 30th, 2019)