Perhaps the most innovative component of Mongolia’s insurance sector is a recently launched livestock management policy. The Index-based Livestock Insurance Project (IBLIP), which is specifically tailored to the country’s unique needs and extreme environment, is among the first of its kind to be put into practice. Under IBLIP, indexed insurance is...
As banks enter a bullish cycle, what will be the centres of growth over the next 24 months?
THE COMPANY: Gobi was established in 1981 with Japanese economic and technical assistance to process natural goat and camel hair and to produce cashmere and camel wool products from these fibres. The company has since developed into one of the five largest cashmere producers in the world, and has about...
THE COMPANY: The name APU comes from Arkhi Pivo Undaa (Vodka, Beer, Drinks). Established in 1924, three years after Mongolia’s communist revolution, APU is the country’s largest beverage producer and its first national brand. APU was partially privatised in 1992, with 51% of its shares retained by the...
To what extent has a general lack of awareness of insurance inhibited the development of the non-compulsory market segment?
Bounded by Russia to the north and China to the south, Mongolia is a vast country and sparsely populated – larger than Western Europe, but with a population of barely 3m people. The country of wind-swept steppes, plains and deserts is famous for its nomadic tradition, still influential despite rapid development. However, stable and democratically-...
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