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The Insurance Industry in Kyrgyzstan, Key Trends and Opportunities to 2019

The Insurance Industry in Kyrgyzstan, Key Trends and Opportunities to 2019

Synopsis

Timetric’s 'The Insurance Industry in Kyrgyzstan, Key Trends and Opportunities to 2019' report provides detailed analysis of the market trends, drivers and challenges in the Kyrgyz insurance industry.

It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, total assets, total investment income and retentions during the review period (2010–2014) and forecast period (2014–2019).

The report also gives a comprehensive overview of the Kyrgyz economy and demographics, and provides detailed information on the competitive landscape in the country.

The report brings together Timetric’s 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 the regulatory structure.

Summary

Timetric’s 'The Insurance Industry in Kyrgyzstan, Key Trends and Opportunities to 2019' report provides in-depth market analysis, information and insights into the Kyrgyz insurance industry, including:

  • The Kyrgyz insurance industry's growth prospects by segment and category
  • A comprehensive overview of the Kyrgyz economy and demographics
  • The detailed competitive landscape in the Kyrgyz insurance industry
  • Details of regulatory policy applicable to the Kyrgyz insurance industry
  • Analysis of natural hazards in the Kyrgyz insurance industry
Scope

This report provides a comprehensive analysis of the insurance industry in Kyrgyzstan:
  • It provides historical values for the Kyrgyz insurance industry for the report’s 2010–2014 review period, and projected figures for the 2014–2019 forecast period.
  • It offers a detailed analysis of the key segments in the Kyrgyz insurance industry, along with market forecasts to 2019.
  • It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, combined ratio, total assets, total investment income and retentions.
  • It profiles the top insurance companies in Kyrgyzstan, and outlines the key regulations affecting them.
Reasons To Buy
  • Make strategic business decisions using in-depth historic and forecast market data related to the Kyrgyz insurance industry and each segment and category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Kyrgyz insurance industry.
  • Assess the competitive dynamics in the Kyrgyz insurance industry.
  • Identify growth opportunities and market dynamics in key segments.
  • Gain insights into key regulations governing the Kyrgyz insurance industry, and their impact on companies and the industry's future.
Key Highlights
  • The industry grew at a review period (2010–2014) compound annual growth rate (CAGR) of 17.6%.
  • The implementation of compulsory insurance classes such as motor third-party liability and property insurance against fire and natural disasters are expected to attract European insurers to Kyrgyzstan over the forecast period.
  • The increase in healthcare expenditure and public awareness towards health are expected to benefit private health insurers.
  • Over the forecast period, raising investments into mining is expected to spur the demand for engineering and transit insurance products..
  • International law firm Simmons & Simmons signed a partnership agreement with the government in May 2014, to provide takaful insurance (Islamic insurance) and sukuk (Islamic bonds).
  • The introduction of new insurance products, transparency in business and increasing insurance awareness are expected to support the insurance industry's growth over the forecast period.


  • Key Facts and Highlights
    • Table Kyrgyz Insurance Industry - Key Facts
  • Executive Summary
  • Economy and Demographics
    • Table Kyrgyz Government Credit Ratings
  • Kyrgyz Insurance Industry Overview
    • Kyrgyz Insurance Industry
      • Table Kyrgyz Insurance Gross Written Premium by Segment (KGS Million), 2010-2014
      • Table Kyrgyz Insurance Gross Written Premium by Segment (US$ Million), 2010-2014
      • Table Kyrgyz Insurance Gross Written Premium by Segment (KGS Million), 2014-2019
      • Table Kyrgyz Insurance Gross Written Premium by Segment (US$ Million), 2014-2019
      • Table Kyrgyz Insurance Segmentation by Gross Written Premium (Percentage Share), 2010-2019
      • Table Kyrgyz Insurance Direct Written Premium by Segment (KGS Million), 2010-2014
      • Table Kyrgyz Insurance Direct Written Premium by Segment (US$ Million), 2010-2014
      • Table Kyrgyz Insurance Direct Written Premium by Segment (KGS Billion), 2014-2019
      • Table Kyrgyz Insurance Direct Written Premium by Segment (US$ Million), 2014-2019
      • Table Kyrgyz Insurance Segmentation by Direct Written Premium (Percentage Share), 2010-2019
  • Life Insurance
    • Table Kyrgyz Life Insurance - Gross Written Premium (KGS Thousand), 2010-2014
    • Table Kyrgyz Life Insurance - Gross Written Premium (KGS Thousand), 2014-2019
    • Table Kyrgyz Life Insurance - Direct Written Premium (KGS Thousand), 2010-2014
    • Table Kyrgyz Life Insurance - Direct Written Premium (KGS Thousand), 2014-2019
    • Table Kyrgyz Life Insurance - Total Assets (KGS Thousand), 2010-2014
    • Table Kyrgyz Life Insurance - Total Assets (KGS Thousand), 2014-2019
  • Non-Life Insurance
    • Table Kyrgyz Non-Life Insurance - Gross Written Premium by Category (KGS Million), 2010-2014
    • Table Kyrgyz Non-Life Insurance - Gross Written Premium by Category (US$ Million), 2010-2014
    • Table Kyrgyz Non-Life Insurance - Gross Written Premium by Category (KGS Million), 2014-2019
    • Table Kyrgyz Non-Life Insurance - Gross Written Premium by Category (US$ Million), 2014-2019
    • Table Kyrgyz Non-Life Insurance - Direct Written Premium by Category (KGS Million), 2010-2014
    • Table Kyrgyz Non-Life Insurance - Direct Written Premium by Category (US$ Million), 2010-2014
    • Table Kyrgyz Non-Life Insurance - Direct Written Premium by Category (KGS Million), 2014-2019
    • Table Kyrgyz Non-Life Insurance - Direct Written Premium by Category (US$ Million), 2014-2019
    • Table Kyrgyz Non-Life Insurance - Paid Claims (KGS Million), 2010-2014
    • Table Kyrgyz Non-Life Insurance - Paid Claims (KGS Million), 2014-2019
    • Table Kyrgyz Non-Life Insurance - Total Assets (KGS Billion), 2010-2014
    • Table Kyrgyz Non-Life Insurance - Total Assets (KGS Billion), 2014-2019
    • Table Kyrgyz Non-Life Insurance - Net Written Premiums (KGS Million), 2010-2014
    • Table Kyrgyz Non-Life Insurance - Net Written Premiums (KGS Million), 2014-2019
    • Property Insurance
      • Table Kyrgyz Property Insurance - Gross Written Premium (KGS Million), 2010-2014
      • Table Kyrgyz Property Insurance - Gross Written Premium (KGS Million), 2014-2019
    • Liability Insurance
      • Table Kyrgyz Liability Insurance - Gross Written Premium (KGS Million), 2010-2014
      • Table Kyrgyz Liability Insurance - Gross Written Premium (KGS Million), 2014-2019
  • Reinsurance
    • Table Kyrgyz Reinsurance - Premium Ceded (Excluding Retrocession) (KGS Million), 2010-2014
    • Table Kyrgyz Reinsurance - Premium Ceded (Excluding Retrocession) (KGS Million), 2014-2019
    • Table Kyrgyz Non-Life Insurance - Percentage of Premiums Ceded (Excluding Retrocession),2010-2014
    • Table Kyrgyz Non-Life Insurance - Percentage of Premiums Ceded (Excluding Retrocession),2014-2019
  • Natural Hazards
    • Table Kyrgyz Average Annual Economic Loss by Type of Hazard
    • Floods
    • Landslide
    • Earthquake
    • Exposure
  • Competitive Landscape
    • Overview
      • Table Kyrgyzstan Insurance Industry - Market Shares, 2014
    • Leading Companies
      • Kyrgyzinstrakh Insurance Company - company overview
        • Table Kyrgyzinstrakh Insurance Company - Key Facts
      • JSC Mega Insurance Group - company overview
        • Table JSC Mega Insurance Group - Key Facts
      • Health Insurance Company - company overview
        • Table Health Insurance Company - Key Facts
      • CJSC Amanatpolis Insurance Company - company overview
        • Table CJSC Amanatpolis Insurance Company - Key Facts
      • OJSC Kyrgyzstan Insurance Company - company overview
        • Table OJSC Kyrgyzstan Insurance Company - Key Facts
  • Governance, Risk and Compliance
    • Table Kyrgyzstan - Insurance Regulatory Framework Key Features
    • Legislation Overview and Historical Evolution
    • Latest Changes in Regulations
    • Legislation and Market Practice by Type of Insurance
      • Life insurance
        • Table Kyrgyzstan - Life Insurance Regulatory Framework
      • Property insurance
        • Table Kyrgyzstan - Property Insurance Regulatory Framework
      • Motor insurance
        • Table Kyrgyzstan - Motor Insurance Regulatory Framework
      • Liability insurance
        • Table Kyrgyzstan - Liability Insurance Regulatory Framework
      • Marine, aviation and transit insurance
      • Personal accident and health insurance
    • Compulsory Insurance
      • Civil liability insurance for carriers of dangerous goods
      • Civil liability insurance for hazardous manufacturing facilities
      • Employers' liability insurance
      • Civil liability of the carriers to the passengers
      • Compulsory insurance of premises from the fire and natural disasters
    • Supervision and Control
      • Financial Service Authority - FSA
    • Non-Admitted Insurance Regulations
      • Overview
      • Intermediaries
      • Market practices
      • Fines and penalties
    • Company Registration and Operations
      • Types of insurance organization
      • Establishing a local company
      • Foreign ownership
      • Types of license
      • Capital requirements
      • Solvency margins
      • Reserve requirements
      • Investment regulations
      • Statutory return requirements
      • Fee structure
    • Taxation
      • Insurance premium or policy taxation
      • Withholding taxes on premium paid overseas
      • Corporate tax
        • Table Kyrgyzstan - Corporate Tax Rates for the Financial Year 2015
      • VAT
      • Captives
    • Legal System
      • Introduction
      • Access to court
      • Alternative dispute resolution (ADR)
  • Definitions and Methodology
    • Definitions
      • Table Insurance Industry Definitions
    • Methodology
  • About Timetric
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Disclaimer

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