Life Report

Product Insurance Market Reports Life Rev Kyrgyzstan

Key Highlights

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  • Key insights and explanations of market developments in life insurance, healthcare and pensions
  • Details Kyrgyzstan's insurance, social security, pensions and healthcare regulatory framework and company and personal tax considerations
  • Current legislation and upcoming changes
  • The latest developments in Kyrgyzstan's economic and political environment
  • Demographic information
  • Market statistics and company performance

Report Overview

Independent strategic insight, line of business detail, regulatory information & market data for the non-life (P&C) insurance market of Kyrgyzstan

The Kyrgyzstan life and benefits market report provides a comprehensive, impartial analysis of the life insurance market of Kyrgyzstan. Information extends to extensive detail on healthcare (public and private), pensions and benefits, and social security. Specialist researchers visit Kyrgyzstan and interview local professionals working across the local market. The report is updated with new information and data regularly throughout the cycle of country visits.

The report provides information about Kyrgyzstan’s demographic profile and assesses its economic, political, climate, operational, and security risks. Key data on the investment environment in Kyrgyzstan is available.

Axco’s report describes the regulatory framework that applies to the domestic life insurance sector, including whether non-admitted insurance is permitted in Kyrgyzstan; as well as the legislation necessary to know regarding Kyrgyzstan’s healthcare, pensions and social security.

Statistics include five years of life insurance market performance indicators, including gross written premiums, premium growth and penetration rates. Company statistics show who are the leading life insurance companies in Kyrgyzstan with local life insurance company premiums, market share and year on year growth.

Life Insurance

Axco provides details on the life insurance sector including Kyrgyzstan market participants, reinsurance and distribution channels. The reports describe classes of business from both individual and group life such as whole life, endowment, term life and unit-linked.
Information on non-life classes for example critical illness and private medical insurance.


The report describes the public and private healthcare system in Kyrgyzstan, the scope of cover, accessibility financing and provides an analysis of how the public and private systems complement each other.


Axco reports on the three pillars of Kyrgyzstan's pension provision.

  • State pension benefits including benefit calculations and eligibility criteria 
  • Workplace pension provision; types of schemes calculations eligibility and; tax implications
  • Voluntary individual pension provision, type of products and tax implications

Social Security

The Kyrgyzstan report provides an in-depth analysis of the regulatory framework governing social security as well as details on financing and eligibility. Information includes but is not limited to

  • state pensions,
  • permanent disability benefit
  • occupational accident and disease
  • maternity and paternity payments 

Kyrgyzstan Life and Benefits Report Extract

Below are brief extracts of information from the Kyrgyzstan Life & Benefits Report; more updated information may be available in the latest published report.

Life Insurance

The Kyrgyz insurance market in 2020 is small and undeveloped, with a very low insurance penetration and a very undeveloped insurance culture compared with its neighbours Kazakhstan and Uzbekistan, and also Russia. This reflects the condition of the economy where disposable incomes are modest. There is also a very low awareness about insurance and its benefits amongst individuals and companies who will often only buy insurance when it is a compulsory requirement ....


Pensions in Kyrgyzstan consist of two elements: the pillar I state-run pension that provides a basic income and then a pillar II funded occupational pension plan. Currently there are no private pension providers that would form pillar III provision involving private savings plans.

The state scheme or pillar I is funded on a pay-as-you-go (PAYG) basis with contributions of 8% by the employee and 15% by the employer. There are concerns over the sustainability of the state scheme particularly because a ....


There is a national health service that provides free treatment in state-run hospitals. In practice, however, unofficial payments may have to be made to ensure the provision of medication, dressings and treatments: thus, medical care is likely to involve some payment. There are some private hospitals in Kyrgyzstan although those who can afford private treatment to international standards travel abroad. Expatriates would ....

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