TAJIKISTAN: Two state insurance companies collected 51% of the total GWP

According to the XPRIMM estimates, the insurance penetration degree in Tajikistan remains at 0.44% of GDP (2012-2014).

Currently in Tajikistan insurance services are provided by 16 companies, including two state-owned companies, TOJIKSUGURTA (which is the successor to TAJIK GOSSTRAKH) and TAJIKSARMOYAGUZOR, and 14 private companies - the most important one being ORIEN Insurance.

Two state insurance companies concluded about 97% of the all insurance contracts and collected 51% of the total volume of GWP.

According to the WB last report, "only a small percentage of the population has voluntarily purchased insurance products. About 26% of the adult population has some type of insurance. However, the highest penetration rate (22%) belongs to the general insurance class, which includes compulsory insurance for motor third party liability. Only about 3% of adults have other types of insurance, such as health and accident insurance. This information is consistent with the Global Findex data, which showed that only 0.8% of adults personally paid for health insurance."

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