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The Insurance Industry in Kyrgyzstan, Key Trends and Opportunities to 2018

  • ID: 3160955
  • March 2015
  • Region: Kyrgyzstan
  • 135 pages
  • Timetric
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FEATURED COMPANIES

  • Capital Insurance Company
  • Kyrgyzinstrakh
  • OIC Insurance Company
  • MORE

The ' The Insurance Industry in Kyrgyzstan, Key Trends and Opportunities to 2018' report provides detailed analysis of the market trends, drivers, challenges in the Kyrgyzstani insurance industry. It provides key performance indicators such as written premium, incurred loss, loss ratio, combined ratio, total assets, total investment income and retentions during the review period (2009-2013) and forecast period (2013-2018). The report also analyzes detailed information on the competitive landscape in the country.

The report brings together research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in regulatory structure.

Summary:

The report provides in-depth market analysis, information and insights into the Kyrgyzstani insurance industry, including:

- The Kyrgyzstani insurance industry's growth prospects by segment and category

- Key trends, drivers and challenges in the Kyrgyzstani insurance industry

- The detailed competitive landscape in the READ MORE >

Note: Product cover images may vary from those shown
2 of 4

FEATURED COMPANIES

  • Capital Insurance Company
  • Kyrgyzinstrakh
  • OIC Insurance Company
  • MORE

1 Executive Summary
2 Introduction
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology
3 Kyrgyzstani Insurance Industry Overview
3.1 Kyrgyzstani Insurance Industry
3.2 Key Industry Trends and Drivers
3.3 Challenges
4 Industry Segmentation
4.1 Life Insurance
4.2 Non-Life Insurance
4.2.1 Property insurance
4.2.2 Motor insurance
4.2.3 Liability insurance
4.2.4 Marine, aviation and transit insurance
4.3 Personal Accident and Health Insurance
4.4 Reinsurance
5 Governance, Risk and Compliance
5.1 Legislation Overview and Historical Evolution
5.2 Latest Changes in Regulations
5.3 Legislation and Market Practice by Type of Insurance
5.3.1 Life insurance
5.3.2 Property insurance
5.3.3 Motor insurance
5.3.4 Liability insurance
5.3.5 Marine, aviation and transit insurance
5.3.6 Personal accident and health insurance
5.4 Compulsory Insurance
5.4.1 Civil liability insurance for carriers of dangerous goods
5.4.2 Civil liability insurance for hazardous manufacturing facilities
5.4.3 Employers' liability insurance
5.4.4 Civil liability of the carriers to the passengers
5.5 Supervision and Control
5.5.1 Financial Service Authority - FSA
5.6 Non-Admitted Insurance Regulations
5.6.1 Overview
5.6.2 Intermediaries
5.6.3 Market practices
5.6.4 Fines and penalties
5.7 Company Registration and Operations
5.7.1 Types of insurance organization
5.7.2 Establishing a local company
5.7.3 Foreign ownership
5.7.4 Types of license
5.7.5 Capital requirements
5.7.6 Solvency margins
5.7.7 Reserve requirements
5.7.8 Investment regulations
5.7.9 Statutory return requirements
5.7.10 Fee structure
5.8 Taxation
5.8.1 Insurance premium or policy taxation
5.8.2 Withholding taxes on premium paid overseas
5.8.3 Corporate tax
5.8.4 VAT
5.8.5 Captives
5.9 Legal System
5.9.1 Introduction
5.9.2 Access to court
5.9.3 Alternative dispute resolution (ADR)
6 Competitive Landscape
6.1 Overview
6.2 Leading Companies
6.2.1 Kyrgyzinstrakh - company overview
6.2.2 OIC Insurance Company - company overview
6.2.3 Capital Insurance Company - company overview
6.2.4 Kyrgyzstan Insurance Company - company overview
6.2.5 Jubilee Kyrgyzstan Insurance Company - company overview
7 Economic Indicators
8 Appendix
8.1 Methodology
8.2 Contact
8.3 About
8.4 Services
8.5 Disclaimer

List of Tables
Table 1: Insurance Industry Definitions
Table 2: Kyrgyzstani Insurance Gross Written Premium by Segment (KGS Million), 2009-2013
Table 3: Kyrgyzstani Insurance Gross Written Premium by Segment (US$ Million), 2009-2013
Table 4: Kyrgyzstani Insurance Gross Written Premium by Segment (KGS Million), 2013-2018
Table 5: Kyrgyzstani Insurance Gross Written Premium by Segment (US$ Million), 2013-2018
Table 6: Kyrgyzstani Insurance Segmentation by Gross Written Premium (% Share), 2009-2018
Table 7: Kyrgyzstani Insurance Direct Written Premium by Segment (KGS Million), 2009-2013
Table 8: Kyrgyzstani Insurance Direct Written Premium by Segment (US$ Million), 2009-2013
Table 9: Kyrgyzstani Insurance Direct Written Premium by Segment (KGS Million), 2013-2018
Table 10: Kyrgyzstani Insurance Direct Written Premium by Segment (US$ Million), 2013-2018
Table 11: Kyrgyzstani Insurance Segmentation by Direct Written Premium (% Share), 2009-2018
Table 12: Kyrgyzstani Life Insurance - Gross Written Premium (KGS Thousand), 2009-2013
Table 13: Kyrgyzstani Life Insurance - Gross Written Premium (KGS Thousand), 2013-2018
Table 14: Kyrgyzstani Life Insurance - Direct Written Premium (KGS Thousand), 2009-2013
Table 15: Kyrgyzstani Life Insurance - Direct Written Premium (KGS Thousand), 2013-2018
Table 16: Kyrgyzstani Life Insurance - Earned Premium (KGS Thousand), 2009-2013
Table 17: Kyrgyzstani Life Insurance - Earned Premium (KGS Thousand), 2013-2018
Table 18: Kyrgyzstani Life Insurance - Paid Claims (KGS Thousand), 2009-2013
Table 19: Kyrgyzstani Life Insurance - Paid Claims (KGS Thousand), 2013-2018
Table 20: Kyrgyzstani Life Insurance - Incurred Loss (KGS Thousand), 2009-2013
Table 21: Kyrgyzstani Life Insurance - Incurred Loss (KGS Thousand), 2013-2018
Table 22: Kyrgyzstani Life Insurance - Loss Ratio (%), 2009-2013
Table 23: Kyrgyzstani Life Insurance - Loss Ratio (%), 2013-2018
Table 24: Kyrgyzstani Life Insurance - Combined Ratio (%), 2009-2013
Table 25: Kyrgyzstani Life Insurance - Combined Ratio (%), 2013-2018
Table 26: Kyrgyzstani Life Insurance - Total Assets (KGS Thousand), 2009-2013
Table 27: Kyrgyzstani Life Insurance - Total Assets (KGS Thousand), 2013-2018
Table 28: Kyrgyzstani Non-Life Insurance - Gross Written Premium by Category (KGS Million), 2009-2013
Table 29: Kyrgyzstani Non-Life Insurance - Gross Written Premium by Category (US$ Million), 2009-2013
Table 30: Kyrgyzstani Non-Life Insurance - Gross Written Premium by Category (KGS Million), 2013-2018
Table 31: Kyrgyzstani Non-Life Insurance - Gross Written Premium by Category (US$ Million), 2013-2018
Table 32: Kyrgyzstani Non-Life Insurance - Direct Written Premium by Category (KGS Million), 2009-2013
Table 33: Kyrgyzstani Non-Life Insurance - Direct Written Premium by Category (US$ Million), 2009-2013
Table 34: Kyrgyzstani Non-Life Insurance - Direct Written Premium by Category (KGS Million), 2013-2018
Table 35: Kyrgyzstani Non-Life Insurance - Direct Written Premium by Category (US$ Million), 2013-2018
Table 36: Kyrgyzstani Non-Life Insurance - Paid Claims (KGS Million), 2009-2013
Table 37: Kyrgyzstani Non-Life Insurance - Paid Claims (KGS Million), 2013-2018
Table 38: Kyrgyzstani Non-Life Insurance - Incurred Loss (KGS Million), 2009-2013
Table 39: Kyrgyzstani Non-Life Insurance - Incurred Loss (KGS Million), 2013-2018
Table 40: Kyrgyzstani Non-Life Insurance - Loss Ratio (%), 2009-2013
Table 41: Kyrgyzstani Non-Life Insurance - Loss Ratio (%), 2013-2018
Table 42: Kyrgyzstani Non-Life Insurance - Combined Ratio (%), 2009-2013
Table 43: Kyrgyzstani Non-Life Insurance - Combined Ratio (%), 2013-2018
Table 44: Kyrgyzstani Non-Life Insurance - Total Assets (KGS Billion), 2009-2013
Table 45: Kyrgyzstani Non-Life Insurance - Total Assets (KGS Billion), 2013-2018
Table 46: Kyrgyzstani Non-Life Insurance - Retentions (KGS Million), 2009-2013
Table 47: Kyrgyzstani Non-Life Insurance - Retentions (KGS Million), 2013-2018
Table 48: Kyrgyzstani Property Insurance - Gross Written Premium (KGS Million), 2009-2013
Table 49: Kyrgyzstani Property Insurance - Gross Written Premium (KGS Billion), 2013-2018
Table 50: Kyrgyzstani Motor Insurance - Gross Written Premium (KGS Million), 2009-2013
Table 51: Kyrgyzstani Motor Insurance - Gross Written Premium (KGS Million), 2013-2018
Table 52: Kyrgyzstani Liability Insurance - Gross Written Premium (KGS Million), 2009-2013
Table 53: Kyrgyzstani Liability Insurance - Gross Written Premium (KGS Million), 2013-2018
Table 54: Kyrgyzstani Marine, Aviation and Transit Insurance - Gross Written Premium (KGS Million), 2009-2013
Table 55: Kyrgyzstani Marine, Aviation and Transit Insurance - Gross Written Premium (KGS Million), 2013-2018
Table 56: Kyrgyzstani Personal Accident and Health Insurance - Gross Written Premium (KGS Million), 2009-2013
Table 57: Kyrgyzstani Personal Accident and Health Insurance - Gross Written Premium (KGS Million), 2013-2018
Table 58: Kyrgyzstani Personal Accident and Health Insurance - Direct Written Premium (KGS Million), 2009-2013
Table 59: Kyrgyzstani Personal Accident and Health Insurance - Direct Written Premium (KGS Million), 2013-2018
Table 60: Kyrgyzstani Personal Accident and Health Insurance - Earned Premium (KGS Million), 2009-2013
Table 61: Kyrgyzstani Personal Accident and Health Insurance - Earned Premium (KGS Million), 2013-2018
Table 62: Kyrgyzstani Personal Accident and Health Insurance - Paid Claims (KGS Million), 2009-2013
Table 63: Kyrgyzstani Personal Accident and Health Insurance - Paid Claims (KGS Million), 2013-2018
Table 64: Kyrgyzstani Personal Accident and Health Insurance - Incurred Loss (KGS Million), 2009-2013
Table 65: Kyrgyzstani Personal Accident and Health Insurance - Incurred Loss (KGS Million), 2013-2018
Table 66: Kyrgyzstani Personal Accident and Health Insurance - Loss Ratio (%), 2009-2013
Table 67: Kyrgyzstani Personal Accident and Health Insurance - Loss Ratio (%), 2013-2018
Table 68: Kyrgyzstani Personal Accident and Health Insurance - Combined Ratio (%), 2009-2013
Table 69: Kyrgyzstani Personal Accident and Health Insurance - Combined Ratio (%), 2013-2018
Table 70: Kyrgyzstani Personal Accident and Health Insurance - Total Assets (KGS Million), 2009-2013
Table 71: Kyrgyzstani Personal Accident and Health Insurance - Total Assets (KGS Million), 2013-2018
Table 72: Kyrgyzstani Personal Accident and Health Insurance - Retentions (KGS Million), 2009-2013
Table 73: Kyrgyzstani Personal Accident and Health Insurance - Retentions (KGS Million), 2013-2018
Table 74: Kyrgyzstani Reinsurance - Ceded by Insurance Segment (KGS Million), 2009-2013
Table 75: Kyrgyzstani Reinsurance - Ceded by Insurance Segment (US$ Million), 2009-2013
Table 76: Kyrgyzstani Reinsurance - Ceded by Insurance Segment (KGS Million), 2013-2018
Table 77: Kyrgyzstani Reinsurance - Ceded by Insurance Segment (US$ Million), 2013-2018
Table 78: Kyrgyzstani Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2009-2013
Table 79: Kyrgyzstani Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2013-2018
Table 80: Kyrgyzstani Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2009-2013
Table 81: Kyrgyzstani Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2013-2018
Table 82: Kyrgyzstan - Life Insurance Regulatory Framework
Table 83: Kyrgyzstan - Property Insurance Regulatory Framework
Table 84: Kyrgyzstan - Motor Insurance Regulatory Framework
Table 85: Kyrgyzstan - Liability Insurance Regulatory Framework
Table 86: Kyrgyzstan - Corporate Tax Rates for the Financial Year 2015
Table 87: Kyrgyzstan Insurance Industry - Market Share, January-September 2014
Table 88: Kyrgyzinstrakh, Main Products
Table 89: OIC Insurance Company, Main Products
Table 90: OIC Insurance Company, Key Employees
Table 91: Capital Insurance Company, Main Products
Table 92: Kyrgyzstan Insurance Company, Main Products
Table 93: Jubilee Kyrgyzstan Insurance Company, Main Products
Table 94: Jubilee Kyrgyzstan Insurance Company, Key Employees

List of Figures
Figure 1: Kyrgyzstani Insurance Gross Written Premium by Segment (KGS Million), 2009-2018
Figure 2: Kyrgyzstani Insurance Gross Written Premium Market Dynamics by Segment, 2009-2018
Figure 3: Kyrgyzstani Insurance Direct Written Premium by Segment (KGS Million), 2009-2018
Figure 4: Kyrgyzstani Insurance Direct Written Premium Market Dynamics by Segment, 2009-2018
Figure 5: Kyrgyzstani Life Insurance - Gross Written Premium (KGS Thousand), 2009-2013
Figure 6: Kyrgyzstani Life Insurance - Gross Written Premium (KGS Thousand), 2013-2018
Figure 7: Kyrgyzstani Life Insurance - Direct Written Premium (KGS Thousand), 2009-2013
Figure 8: Kyrgyzstani Life Insurance - Direct Written Premium (KGS Thousand), 2013-2018
Figure 9: Kyrgyzstani Life Insurance - Earned Premium (KGS Thousand), 2009-2013
Figure 10: Kyrgyzstani Life Insurance - Earned Premium (KGS Thousand), 2013-2018
Figure 11: Kyrgyzstani Life Insurance - Paid Claims (KGS Thousand), 2009-2013
Figure 12: Kyrgyzstani Life Insurance - Paid Claims (KGS Thousand), 2013-2018
Figure 13: Kyrgyzstani Life Insurance - Incurred Loss (KGS Thousand), 2009-2013
Figure 14: Kyrgyzstani Life Insurance - Incurred Loss (KGS Thousand), 2013-2018
Figure 15: Kyrgyzstani Life Insurance - Loss Ratio (%), 2009-2013
Figure 16: Kyrgyzstani Life Insurance - Loss Ratio (%), 2013-2018
Figure 17: Kyrgyzstani Life Insurance - Combined Ratio (%), 2009-2013
Figure 18: Kyrgyzstani Life Insurance - Combined Ratio (%), 2013-2018
Figure 19: Kyrgyzstani Life Insurance - Total Assets (KGS Thousand), 2009-2013
Figure 20: Kyrgyzstani Life Insurance - Total Assets (KGS Thousand), 2013-2018
Figure 21: Kyrgyzstani Life Insurance - Penetration (% of GDP), 2009-2013
Figure 22: Kyrgyzstani Life Insurance - Premium Per Capita (KGS), 2009-2013
Figure 23: Kyrgyzstani Non-Life Insurance - Gross Written Premium by Category (KGS Million), 2009-2018
Figure 24: Kyrgyzstani Non-Life Insurance - Gross Written Premium by Category (%), 2013 and 2018
Figure 25: Kyrgyzstani Non-Life Insurance - Gross Written Premium Dynamics by Category, 2009-2018
Figure 26: Kyrgyzstani Non-Life Insurance - Direct Written Premium by Category (KGS Million), 2009-2018
Figure 27: Kyrgyzstani Non-Life Insurance - Direct Written Premium by Category (%), 2013 and 2018
Figure 28: Kyrgyzstani Non-Life Insurance - Direct Written Premium Dynamics by Category, 2009-2018
Figure 29: Kyrgyzstani Non-Life Insurance - Paid Claims (KGS Million), 2009-2013
Figure 30: Kyrgyzstani Non-Life Insurance - Paid Claims (KGS Million), 2013-2018
Figure 31: Kyrgyzstani Non-Life Insurance - Incurred Loss (KGS Million), 2009-2013
Figure 32: Kyrgyzstani Non-Life Insurance - Incurred Loss (KGS Million), 2013-2018
Figure 33: Kyrgyzstani Non-Life Insurance - Loss Ratio (%), 2009-2013
Figure 34: Kyrgyzstani Non-Life Insurance - Loss Ratio (%), 2013-2018
Figure 35: Kyrgyzstani Non-Life Insurance - Combined Ratio (%), 2009-2013
Figure 36: Kyrgyzstani Non-Life Insurance - Combined Ratio (%), 2013-2018
Figure 37: Kyrgyzstani Non-Life Insurance - Total Assets (KGS Billion), 2009-2013
Figure 38: Kyrgyzstani Non-Life Insurance - Total Assets (KGS Billion), 2013-2018
Figure 39: Kyrgyzstani Non-Life Insurance - Retentions (KGS Million), 2009-2013
Figure 40: Kyrgyzstani Non-Life Insurance - Retentions (US$ Million), 2013-2018
Figure 41: Kyrgyzstani Non-Life Insurance Penetration (% of GDP), 2009-2013
Figure 42: Kyrgyzstani Non-Life Insurance - Premium Per Capita (KGS), 2009-2013
Figure 43: Kyrgyzstani Property Insurance - Gross Written Premium (KGS Million), 2009-2013
Figure 44: Kyrgyzstani Property Insurance - Gross Written Premium (KGS Billion), 2013-2018
Figure 45: Kyrgyzstani Motor Insurance - Gross Written Premium (KGS Million), 2009-2013
Figure 46: Kyrgyzstani Motor Insurance - Gross Written Premium (KGS Million), 2013-2018
Figure 47: Kyrgyzstani Liability Insurance - Gross Written Premium (KGS Million), 2009-2013
Figure 48: Kyrgyzstani Liability Insurance - Gross Written Premium (KGS Million), 2013-2018
Figure 49: Kyrgyzstani Marine, Aviation and Transit Insurance - Gross Written Premium (KGS Million), 2009-2013
Figure 50: Kyrgyzstani Marine, Aviation and Transit Insurance - Gross Written Premium (KGS Million), 2013-2018
Figure 51: Kyrgyzstani Personal Accident and Health Insurance - Gross Written Premium (KGS Million), 2009-2013
Figure 52: Kyrgyzstani Personal Accident and Health Insurance - Gross Written Premium (KGS Million), 2013-2018
Figure 53: Kyrgyzstani Personal Accident and Health Insurance - Direct Written Premium (KGS Million), 2009-2013
Figure 54: Kyrgyzstani Personal Accident and Health Insurance - Direct Written Premium (KGS Million), 2013-2018
Figure 55: Kyrgyzstani Personal Accident and Health Insurance - Earned Premium (KGS Million), 2009-2013
Figure 56: Kyrgyzstani Personal Accident and Health Insurance - Earned Premium (KGS Million), 2013-2018
Figure 57: Kyrgyzstani Personal Accident and Health Insurance - Paid Claims by Category (KGS Million), 2009-2013
Figure 58: Kyrgyzstani Personal Accident and Health Insurance - Paid Claims (KGS Million), 2013-2018
Figure 59: Kyrgyzstani Personal Accident and Health Insurance - Incurred Loss (KGS Million), 2009-2013
Figure 60: Kyrgyzstani Personal Accident and Health Insurance - Incurred Loss (KGS Million), 2013-2018
Figure 61: Kyrgyzstani Personal Accident and Health Insurance - Loss Ratio (%), 2009-2013
Figure 62: Kyrgyzstani Personal Accident and Health Insurance - Loss Ratio (%), 2013-2018
Figure 63: Kyrgyzstani Personal Accident and Health Insurance - Combined Ratio (%), 2009-2013
Figure 64: Kyrgyzstani Personal Accident and Health Insurance - Combined Ratio (%), 2013-2018
Figure 65: Kyrgyzstani Personal Accident and Health Insurance - Total Assets (KGS Million), 2009-2013
Figure 66: Kyrgyzstani Personal Accident and Health Insurance - Total Assets (KGS Million), 2013-2018
Figure 67: Kyrgyzstani Personal Accident and Health Insurance - Retentions (KGS Million), 2009-2013
Figure 68: Kyrgyzstani Personal Accident and Health Insurance - Retentions (KGS Million), 2013-2018
Figure 69: Kyrgyzstani Personal Accident and Health Insurance Penetration (% of GDP), 2009-2013
Figure 70: Kyrgyzstani Personal Accident and Health Insurance - Premium Per Capita (KGS), 2009-2013
Figure 71: Kyrgyzstani Reinsurance - Ceded by Insurance Segment (KGS Million), 2009-2018
Figure 72: Kyrgyzstani Reinsurance - Dynamics by Insurance Segment, 2009-2018
Figure 73: Kyrgyzstani Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2009-2013
Figure 74: Kyrgyzstani Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2013-2018
Figure 75: Kyrgyzstani Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2009-2013
Figure 76: Kyrgyzstani Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2013-2018
Figure 77: Kyrgyzstan - Insurance Regulatory Framework
Figure 78: Kyrgyzstan - Insurance Regulatory Frameworks for Company Registration and Operation
Figure 79: Kyrgyzstan Insurance Industry - Market Share 2014 (January 2014 - September 2014)
Figure 80: Kyrgyzstani GDP at Constant Prices (US$ Billion), 2009-2013
Figure 81: Kyrgyzstani GDP at Current Prices (US$ Billion), 2009-2013
Figure 82: Kyrgyzstani GDP per Capita at Current Prices (US$), 2009-2013
Figure 83: Kyrgyzstani Inflation Rate (%), 2009-2013
Figure 84: Kyrgyzstani Life Expectancy (Years), 2009-2013
Figure 85: Kyrgyzstani Labor Force (Million), 2009-2013
Figure 86: Unemployment Rate (Percentage), 2009-2013
Figure 87: Kyrgyzstani Total Number of Internet Users (Million), 2009-2013
Figure 88: Kyrgyzstani Urban and Rural Populations (%), 2009-2013
Figure 89: Kyrgyzstani Total Population (Million), 2009-2013

Note: Product cover images may vary from those shown
3 of 4

- Kyrgyzinstrakh
- OIC Insurance Company
- Capital Insurance Company
- Kyrgyzstan Insurance Company
- Jubilee Kyrgyzstan Insurance Company

Note: Product cover images may vary from those shown
4 of 4
Note: Product cover images may vary from those shown

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