In 2024, 16 insurance companies were operating in the financial sector of the republic. Their revenues increased almost twofold compared to 2023 and totalled KGS 7.2 billion. At that, the main volume of income (72.5% of their total amount) was received at the expense of insurance payments. Expenses of insurance companies for this period increased 1.8 times and amounted to about KGS 6 billion.

At the end of the year, insurance companies received 1.3 billion KGS of balanced profit, which is 3 times more than in 2023.

In 2024, insurance companies concluded 1.7 million insurance contracts, which is 3 times more than in 2023. At the same time, out of the total number of concluded contracts, 93% were concluded with individuals and 7% with legal entities.

The largest share of concluded contracts was for voluntary personal insurance against diseases and accidents (63%), compulsory insurance of real estate of citizens (15%) and CMTPL insurance (about 13%).

The volume of insurance premiums in 2024 totalled KGS 5.2 billion, increasing 1.7 times compared to 2023. The largest growth in receipts was observed under contracts of voluntary property insurance and personal accident and illness insurance.

In 2024, 22.5 thousand insured events were recorded, of which 54% fell on voluntary insurance against accidents and diseases.

The volume of insurance payments totalled about 783 million KGS. In the total amount of insurance payments, 68% of insurance payments were for voluntary property insurance, 9% - for personal health insurance and 5% each for MTPL and compulsory insurance of immovable property of citizens.