Kyrgyzstan
KYRGYZSTAN: Requirements for takaful, imputed insurance, and annuity insurance approved
On March 27, 2026, the Cabinet of Ministers of the Kyrgyz Republic adopted a resolution "On Approving requirements for insurance based on Islamic principles (takaful), imputed insurance, and annuity insurance", according to the Service for regulation and supervision of the financial market of Kyrgyzstan.
6 April 2026STATISTICS: KYRGYZSTAN, FY2025: Market rises by nearly 94% y-o-y
As of December 31, 2025, GWP in Kyrgyzstan totaled KGS 10,076 million (EUR 97.95 million), an increase of nearly 94% compared to 2024, according to data published by the Service for regulation and supervision of the financial market of Kyrgyzstan.
10 March 2026KYRGYZSTAN: In 2026, paid claims in compulsory residential fire and natural disaster insurance reached KGS 10 million
In 2026 (to date), 37 insurance claims have been registered in compulsory residential fire and natural disaster insurance, and insurance companies paid out KGS 10 million (~EUR 97 thousand), according to Baktygul Abdyzhaliev, Deputy Chairman of the State Insurance Organization, tazabek.kg reports.
3 March 2026KYRGYZSTAN: Insurance sector profitability sees positive dynamics in 2025
In 2025, total assets of the insurance sector increased by 9.0%, from KGS 12.7 billion to KGS 13.8 billion (~EUR 0.13 billion), according to the Service for regulation and supervision of the financial market of Kyrgyzstan.
23 February 2026KYRGYZSTAN: Insurers' income nearly doubled in January-September
From January to September of this year, total income of 18 insurance companies operating in the market more than doubled y-o-y, reaching KGS 8.3 billion (~EUR 81 million). The bulk of this amount (almost 90% of the total) came from insurance premiums, according to the National Statistical Committee of the Kyrgyz Republic.
3 December 2025KYRGYZSTAN: MTPL generated the largest share of GSO’s paid claims over the past 10 months
The State Insurance Organization (GSO), the leader in the insurance market of Kyrgyzstan, paid out over KGS 108.8 million (~EUR 1.07 million) to citizens in the first ten months of 2025, for.kg reports.
25 November 2025STATISTICS: KYRGYZSTAN, 3Q2025: the number of contracts reached 2.58 million units, setting a record for the insurance market
The insurance sector as of September 30, 2025, amounted to KGS 7,465.35 million (EUR 72.85 million), which is 99.88% more y-o-y, as data published by the Service for regulation and supervision of the financial market of Kyrgyzstan show.
18 November 2025KYRGYZSTAN: Eldik Bank and Kyrgyzstan Insurance company sign cooperation agreement in Islamic insurance
Eldik Bank and Kyrgyzstan insurance company, a top-five insurance market leader, signed a cooperation agreement in Islamic insurance.
27 October 2025KYRGYZSTAN: Total number of MTPL policies might reach 700 thousand units
According to the State Insurance Organization (GSO), from September 1, 2025, all vehicle owners are required to have a mandatory civil liability insurance policy (MTPL). Drivers face fines for not having a valid policy.
8 September 2025STATISTICS: UPDATE: KYRGYZSTAN, 1Q2025: personal insurance share on the market rises to 42%
The insurance sector of Kyrgyzstan grew by 93.66% at the end of the first quarter of 2025, reaching KGS 1,558.15 million (EUR 16.73 million), according to the updated data published by the Service for regulation and supervision of the financial market of Kyrgyzstan.
26 August 2025STATISTICS: KYRGYZSTAN, 1H2025: mandatory insurance becomes the largest class in the market portfolio
The insurance sector of Kyrgyzstan recorded impressive growth of 107.66% (in KGS) in the first half of the year, reaching KGS 3,961.89 million (EUR 38.72 million), according to data published by the Service for regulation and supervision of the financial market of Kyrgyzstan.
26 August 2025KYRGYZSTAN: MTPL comes into force on July 1
Motor third party liability insurance (MTPL) comes into force on July 1, 2025, in accordance with the Law of the Kyrgyz Republic “On compulsory motor third party liability insurance of motor vehicle owners” dated July 24, 2015.
25 June 2025KYRGYZSTAN: Total number of insured residential buildings increased by 2.4 times
The State Insurance Organization reported that, as of June 1, 2025, there are 331.5 thousand compulsory insurance contracts for housing against fires and natural disasters in Kyrgyzstan, 24.kg writes with reference to GSO.
17 June 2025STATISTICS: KYRGYZSTAN, 1Q2025: personal insurance share on the market rises to almost 48%
The insurance sector of Kyrgyzstan grew by 70.20% at the end of the first quarter of 2025, reaching KGS 1,369.39 million (EUR 14.70 million), according to data published by the Service for regulation and supervision of the financial market of Kyrgyzstan.
17 June 2025KYRGYZSTAN: Insurance sector assets up almost 86% in 2024
In 2024, the insurance market of the Kyrgyz Republic recorded dynamic development - the assets of insurance organizations amounted to KGS 12.7 billion (~EUR 0.14 billion), which is 85.9% more than in 2023.
11 June 2025KYRGYZSTAN: Total profit and the number of insurance contracts rise in 1Q2025
In the first quarter of 2025, 17 insurance companies operated on the Kyrgyz market. Their income increased by 2.4 times y-o-y, amounting to KGS 2,097 million (~EUR 22.40 million).
2 June 2025KYRGYZSTAN: A new law introduces mandatory insurance when registering vehicles, real estate and collateral
On April 24, 2025, a law was signed in Kyrgyzstan that introduces mandatory insurance when registering vehicles, real estate and collateral, economist.kg writes.
5 May 2025KYRGYZSTAN: In 2024, insurance companies concluded three times more insurance contracts than the year before
In 2024, total income of 16 insurance companies, operating in the financial sector of the republic, increased almost 2 times y-o-y and amounted to KGS 7.2 billion (~EUR 79.48 million).
28 April 2025KYRGYZSTAN: From January to April, the State Insurance Organization paid over KGS 19 million to victims
For the period from January 1 to April 11, 2025, the State Insurance Organization (GSO) of Kyrgyzstan paid KGS 19.02 million (~EUR 0.19 million) to clients and victims, vesti.kg writes.
22 April 2025KYRGYZSTAN: the draft Law "On Insurance and Insurance Activities" aimed at updating and harmonizing the insurance legislation
On March 20, 2025, the draft Law of the Kyrgyz Republic "On Insurance and Insurance Activities" in a new version, developed by the Financial Supervision Authority in order to update and harmonize the insurance legislation, was adopted in the third reading, according to the website of the State Financial Supervision Authority.
1 April 2025
