Main indicators of development of the insurance market of the Kyrgyz republic
The role of insurance is important at the present stage of development of the economy of the republic, stimulates the development of business activity, improves the investment climate. World practice has not developed a more economical, rational and accessible mechanism for protecting the economic interests of not only an individual, but also the state as a whole, than insurance. The study is carried out in order to determine the trends in the development of the insurance mechanism and to develop recommendations for its further development. The article presents an analysis of key indicators of the development of the national insurance market at the present stage, incl. dynamics of the number of insurance (reinsurance) companies, the number of concluded contracts and insured events, total assets, authorized and equity capital, dynamics of liabilities and insurance reserves, analysis of the performance of insurance companies, dynamics of insurance premiums by types of insurance and gross income, insurance services by operations reinsurance. In the process of analyzing the main indicators of the insurance market, certain problems and shortcomings in the functioning of the insurance market were identified. Conclusions are drawn on the main provisions of the existing insurance system and measures are proposed for the development and improvement of the insurance market at the present stage.