Tajikistan
TAJIKISTAN: NBT revoked the licenses of KAFIL and Bakel-Tilli Tojikiston
The National Bank of Tajikistan (NBT) has revoked licenses for two companies operating in the country's insurance market, tj.sputniknews.ru reports according to the press service of the Tajik regulator. KAFIL and Bakel-Tilli Tochikiston had their licenses revoked.
31 October 2022TAJIKISTAN: insurers paid claims' expenses increased by 30.4%
According to the National Bank of Tajikistan, insurance payments and compensations from January to June 2022 amounted to TJS 10.1 million (~EUR 0.99 million), which is 30.4% more y-o-y, according to the regulator.
3 August 2022STATISTICS: TAJIKISTAN, FY2021: voluntary insurance increased by more than 33% y-o-y
According to the results of 2021, the insurance sector of Tajikistan amounted to TJS 287 million (EUR 22.43 million), which is 21.7% more than in 2020, according to the data published in the report of the National Bank.
17 May 2022TAJIKISTAN: capital and insurance reserves increased in 2021, while net income decreased by almost 18%
Own funds (capital) of professional participants in the insurance market for 2021 amounted to TJS 320.5 million (EUR 25.25 million*), which is 47.4% more y-o-y. The National Bank in its review notes that the major part of the own funds of professional market participants is their charter capital, which increased by 91.6% in 2021.
11 May 2022TAJIKISTAN: Total charter capital of the insurers in 2021 rises by more than 90% y-o-y
Total charter capital of insurance companies in Tajikistan almost doubled in 2021, mainly due to entering of new players on the market, ASIA-Plus reports.
1 February 2022TAJIKISTAN: reinsurance of insurance companies in Tajikistan for the first time entrusted to a domestic company
In November, the National Bank of Tajikistan in Dushanbe hosted a presentation of reinsurance services with the participation of domestic insurance companies, IA Avesta reports.
15 November 2021TAJIKISTAN: NBT did not renew the license of the insurance company Tojiksarmoyaguzor
The National Bank of Tajikistan (NBT) did not renew the license of the insurance company Tojiksarmoyaguzor (according to data for 2020, it is one of the five leaders in the insurance market in terms of assets and charter capital).
3 August 2021TAJIKISTAN: The capital of insurers at the end of June grew by 90% y-o-y
The equity capital of insurance organizations in Tajikistan from June 2020 to June 2021 increased by 90%. At the same time, their total charter capital at the end of June 2021 reached TJS 232.6 million (EUR 17.28 million*), ASIA-Plus wrote according to the press service of the National Bank of Tajikistan (NBT).
27 July 2021TAJIKISTAN: Agreement on cooperation in pension provision and social insurance signed with Kyrgyzstan
On June 29, 2021, an official visit of the President of the Republic of Kyrgyzstan to the Republic of Tajikistan took place, according to the website of the Agency for Social Insurance and Pensions under the Government of the Republic of Tajikistan.
5 July 2021TAJIKISTAN: a procedure for calculating the ratio of equity and liabilities first developed in insurance
The National Bank of Tajikistan presented "The procedure for calculating the ratio of equity (capital) and liabilities of insurance (reinsurance) organizations", Avesta news agency reported.
12 April 2021TAJIKISTAN: DS SUGURTA entered the insurance market
In March 2021, in Tajikistan, by the decision of the Board of the National Bank of Tajikistan, a license was issued to the insurance company DS SUGURTA for a period of 5 years, writes the information agency Avesta.
22 March 2021STATISTICS: TAJIKISTAN, 3Q2020: market GWP increased by about 4% y-o-y, while profits - by more than 65%
At the end of 3Q2020, the insurance market in Tajikistan expanded by 4.05% to TJS 175.30 million (EUR 14.50 million*). At the same time, again, growth was provided by voluntary types of insurance, while compulsory insurance continued the downward trend, according to data published by the National Bank.
21 January 2021STATISTICS: TAJIKISTAN, 1H2020: market growth supported by voluntary insurance, which occupies over 77% of the portfolio
The insurance market of Tajikistan completed the first half of 2020 with an increase of 32.50% y-o-y. Total GWP reached TJS 129.06 million (EUR 11.16 million*), according to the data, recently published by the National Bank of the country.
14 January 2021TAJIKISTAN: since 2015, the highest volume of assets and the biggest number of contracts concluded were observed in 2019
In the first nine months of 2020 total assets of the Tajik insurance companies reached TJS 417.3 million (~EUR 34.5 million*), which is about 92% of their assets amount in 2019, according to the data, published by the National Bank of Tajikistan.
13 January 2021TAJIKISTAN: new insurance type against coronavirus
Tajikistan introduced a new type of insurance against COVID-19, as Abdullo ABDULLOEV, the first deputy general director of the State Company Tojiksugurta noted, Avesta reports.
23 July 2020TAJIKISTAN: More insurers are now allowed to offer compulsory MTPL insurance
At the end of June 2020, the lower house of the Tajik Parliament approved the law "On compulsory insurance of liability of vehicle owners", aimed at increasing competition in the segment, the Tajik news agency reported.
2 July 2020STATISTICS: TAJIKISTAN, 1Q2020: Voluntary insurance lines grew by more than 180% y-o-y
According to the results of the 2020 first quarter, the Tajik insurance market saw a rapid growth, expanding by more than 11% y-o-y. Market GWP exceeded TJS 92 million (~EUR 8.22 million), as the data published by The National Bank of Tajikistan show.
4 June 2020TAJIKISTAN: insurance market is gradually developing, but popularity of insurance remains low
The insurance industry in Tajikistan is developing with new participants entering the market. However, public awareness of insurance and principles of the insurance activities remains low, although, according to SPITAMEN Insurance, the basic insurance principles are almost no different from the global ones, ASIA-Plus writes.
28 April 2020STATISTICS: TAJIKISTAN, FY2019: market paid claims jumped almost 44% y-o-y
The Tajik insurance market GWP in local currency remained almost unchanged at the end of 2019 (+0.03%), reaching TJS 234.3 million (~EUR 21.6 million), the conversion in euro showing a slight decrease compared to 2018.
19 March 2020STATISTICS: TAJIKISTAN, 3Q2019: voluntary insurance keeps almost 70% of the market
By the end of 3Q2019, the Tajik insurance market grew by almost 19% in local currency, while in euro the growth was 22.18%. GWP amounted to KGS 168.47 million (EUR 15.90 million), according to the data, published by the National Bank of the country.
28 November 2019
