Study Results from Kyrgyz State Technical University Provide New Insights into COVID-19 (State of personal insurance in the Kyrgyz Republic at the present stage of development in the conditions of the COVID-19 pandemic): Coronavirus – COVID-19

2023 AUG 15 (NewsRx) -- By a News Reporter-Staff News Editor at NewsRx COVID-19 Daily -- A new study on COVID-19 is now available. According to news reporting out of Kyrgyz State Technical University by NewsRx editors, research stated, “The article discusses the current state of personal insurance in the Kyrgyz Republic, which is a very significant financial instrument for maintaining the stability of the welfare of the country’s population.”

Our news reporters obtained a quote from the research from Kyrgyz State Technical University: “The legislative definition of the concepts of insurance activity, the insurer, the insured, the contract of personal insurance, the grounds for concluding a contract of personal insurance are being studied. The classification of types of personal insurance according to various criteria is given. Life insurance services provided by individual insurance companies of the republic are considered. The dynamics of insurance premiums and insurance payments of several leading insurance companies in Kyrgyzstan in recent years in the context of the ongoing financial and economic crisis caused by the COVID-19 pandemic are analyzed. In the current period, insurance companies have demonstrated an increase in the volume of insurance premiums and insurance payments for personal insurance. At the same time, the development of life insurance (accumulative) remains at a low level.”

According to the news editors, the research concluded: “For further progressive movement of this segment of insurance, it is necessary to implement several key tasks.”

For more information on this research see: State of personal insurance in the Kyrgyz Republic at the present stage of development in the conditions of the COVID-19 pandemic. E3S Web of Conferences, 2023,403():08022. (E3S Web of Conferences - http://www.e3s-conferences.org/). The publisher for E3S Web of Conferences is EDP Sciences.

A free version of this journal article is available at https://doi.org/10.1051/e3sconf/202340308022.

Our news journalists report that more information may be obtained by contacting Murzalieva Elnura, Kyrgyz State Technical University named after I. Razzakov.

(Our reports deliver fact-based news of research and discoveries from around the world.)