Insurance market

As of 2019, a total of 317 insurance companies, brokers, loss adjusters, auditing firms, actuaries, auditors and 2,520 insurance agents carried out activities under license and registration by the FRC. Total assets of the insurance sector reached MNT 365.8 billion, of which 45.3% (MNT 165.6 billion) accounts for the Reserve Fund.

 

                          TOTAL ASSETS OF INSURANCE COMPANIES                                       TOTAL PREMIUM                                                   

                                         

  INSURANCE MARKET INDICATORS

  • Total assets: MNT 365.8 billion
  • Total fees: MNT 196.6 billion
  • Indemnity: MNT 65.5 billion
  • Reserve Fund: MNT 165.6 billion
  • Penetration: 0.56 %
  • Density: MNT 60,708
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