Insurance and Risk Management

24.08.2021

Kyrgyzstan notes increase in number of property and liability insurance contracts

As of July 1, insurance companies concluded 129 thousand insurance contracts, which is 1.9 times more than in the same period last year. Of the total number of contracts concluded, about 90% are contracts with individuals.

At the same time, more than 75% of the total number of concluded contracts fell...

As of July 1, insurance companies concluded 129 thousand insurance contracts, which is 1.9 times more than in the same period last year. Of the total number of contracts concluded, about 90% are contracts with individuals.

At the same time, more than 75% of the total number of concluded contracts fell...

30.07.2021

Kyrgyzstan increases rates of insurance contributions for foreigners to 17.5%

Today, in three readings, a bill will be passed that will increase the rates of insurance contributions to the Social Fund for foreigners. This was announced by MP Dastan Bekeshev on the Telegram channel.

According to him, insurance premium rates will increase from 3% to 17.5%. Thus, they will be equated...

Today, in three readings, a bill will be passed that will increase the rates of insurance contributions to the Social Fund for foreigners. This was announced by MP Dastan Bekeshev on the Telegram channel.

According to him, insurance premium rates will increase from 3% to 17.5%. Thus, they will be equated...

17.06.2021

Representatives of 25 business associations of Kyrgyzstan strongly oppose increase in insurance premiums

Representatives of 25 business associations apply to the Parliament regarding the bill published on May 27 on the parliament's website.

MP Samatbek Ibraev is the initiator of amendments to a number of normative legal acts in the field of state social insurance.

The bill proposes to establish a contribution rate of 15.25%...

Representatives of 25 business associations apply to the Parliament regarding the bill published on May 27 on the parliament's website.

MP Samatbek Ibraev is the initiator of amendments to a number of normative legal acts in the field of state social insurance.

The bill proposes to establish a contribution rate of 15.25%...

Businessmen in Kyrgyzstan ask to spell out insurance procedure

Business asks the government to spell out all the terms and conditions of insurance. The Director of the International Business Council Askar Sydykov said at a meeting of the Business Development and Investment Council.

According to him, the insurance market does not know how to differentiate payments for insurance of carriers’ liability to passengers.

“18 citizens are compensated by an insurance certificate,...

Business asks the government to spell out all the terms and conditions of insurance. The Director of the International Business Council Askar Sydykov said at a meeting of the Business Development and Investment Council.

According to him, the insurance market does not know how to differentiate payments for insurance of carriers’ liability to passengers.

“18 citizens are compensated by an insurance certificate,...

Statistics show growing readiness of Kyrgyz citizens to insure personal property - insurance company Alma-Insurance

For the year of 2017, the insurance company Alma-Insurance paid insurance compensations to legal entities and individuals for a total of almost 1.5 million som, the company reported.

At the same time, payments for property insurance accounted for 79% of the company’s income, insurance payments against accidents for 5% and for...

For the year of 2017, the insurance company Alma-Insurance paid insurance compensations to legal entities and individuals for a total of almost 1.5 million som, the company reported.

At the same time, payments for property insurance accounted for 79% of the company’s income, insurance payments against accidents for 5% and for...