A new company has entered Tajikistan’s insurance market – Takalluf LTD.
According to the press center of the National Bank of Tajikistan (NBT), the National Bank granted an operating license to Takalluf LTD on May 7, 2019. The license has reportedly been granted for a five-year period.
At the moment, there are 20 insurers operating in Tajikistan insurance market, including two state-run insurance companies (Tojiksughurta – 5.2 million somoni and Tojiksarmoyaguzor – 15.6 million somoni), 17 non-state insurers and one mutual insurance support center.
The most active insurers of the private sector are Spitamen-Sughurta (87.7 million somoni) and MUIN (2.4 million somoni).
Among the prevailing classes in the market it is worth noting property insurance, personal insurance, liability insurance and life insurance.
In February this year, the National Bank of Tajikistan announced the creation of the National Association of Insurance Companies, which aims to support the development of insurance activity in the country.
