Insurance

Recording steady expansion, the Mongolian insurance sector’s prospects are good despite the difficulties faced more generally in the economy. Sector indicators, such as premiums per person, premiums per capita, total capital and total compensation, also suggest that the country’s insurance companies are in relatively good shape and growing fast. As in many developing countries, awareness and penetration are low, so increases come easily. On its own, this has allowed the sector to show resilience in the face of challenges elsewhere in the economy, but growth is also the result of effective strategies, the implementation of best practices and good regulation.

This chapter contains an interview with D. Bolormaa, Former CEO, Bodi Insurance.