The Insurance Industry in Kyrgyzstan, Key Trends and Opportunities to 2017 Published By MarketResearchReports.biz MarketResearchReports.Biz announces addition of new report “The Insurance Industry in Kyrgyzstan, Key Trends and Opportunities to 2017” to its database. Description The report provides in depth industry analysis, information and insights into the insurance industry in Kyrgyzstan, including: The Kyrgyzstani insurance industry’s growth prospects by insurance segments and sub-segments The competitive landscape in the Kyrgyzstani insurance industry The current trends and drivers of the Kyrgyzstani insurance industry The challenges facing the Kyrgyzstani insurance industry The regulatory framework of the Kyrgyzstani insurance industry Benchmarking section on the Kyrgyzstani insurance industry in comparison to other countries in the CIS region Executive summary The Kyrgyzstani insurance industry is underdeveloped and recorded a penetration rate of 0.36% in 2012, lower than neighboring countries Kazakhstan (0.65%) and Uzbekistan (0.50%). Nevertheless, the industry expanded at a review-period CAGR of 40.8%, with gross written premium increasing from KGS276.9 million (US$7.6 million) in 2008 to KGS1.1 billion (US$23.2 million) in 2012.The non-life segment valued KGS1.06 billion (US$22.5 million) in 2012, accounting for 97.3% of the industry’s gross written premium. Improving economic conditions and infrastructural investment supported the growth. In 2011, 19 insurance companies were registered to conduct business, of which 14 were active.The industry is expected to remain under pressure due to the country’s instable political situation. Demand for property and liability insurance products, the expansion of economic activities and increased public spending on infrastructure will continue to fuel demand. The industry is expected to post a forecast-period CAGR of 24.4%. Scope This report provides a comprehensive analysis of the insurance industry in Kyrgyzstan: It provides historical values for Kyrgyzstani insurance industry for the report’s 2008–2012 review period and forecast figures for the 2012–2017 forecast period It offers a detailed analysis of the key segments and sub-segments in Kyrgyzstani insurance industry, along with forecasts until 2017 It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio,
The insurance industry in kyrgyzstan, key trends and opportunities to 2017
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