East Asia · MN · MNT
Mongolia
Монгол улс
21 licensed entities supervised by the Financial Regulatory Commission.
- Listed insurers
- 21
- Insurance classes
- 3
- Groups present
- 0
Reinsurance tax on foreign reinsurers
Latest available research by tax type. Treaty relief and transaction conditions can change the result.
- Mongolia: Rate not established — Not verified · reviewed 2026-10-06
A sense of place
Beyond the numbers.
Heritage, places of work and the landscapes that connect them. Three selected references behind this artistic portrait.
Local names, languages & illustration notes
Selected local names and languages, with links to the references behind this artistic composition.
Mongolia
- Mongolian
- Монгол улс
Name reference: mledoze/countries · ODbL data · ODbL licence. Flag artwork: flag-icons · MIT.
By class of business
Each company is counted once, under the class its register row records. The supervisor’s own tally counts licences, so a company licensed for more than one class appears more than once there.
By ownership
Verification log
Partially verified - FRC Financial Market Review Q3 2025 names all 21 insurers (17 non-life, 3 life, 1 reinsurer); a statistical review as at 30 Sep 2025, not a licence register · FRC Financial Market Review, Third Quarter of 2025 (published Dec 2025), Insurance sector structure: 17 non-life + 3 life + 1 reinsurance = 21 licensed insurers, every one named in its 'share of total assets' chart; retrieved 22 Sep 2026
Reconciled against FRC's Q3 2025 Financial Market Review, which counts 17 non-life, 3 life and 1 reinsurance company and names all 21 in its asset-share chart. All 10 rows matched and 11 insurers added: 9 non-life, and the life companies Mandal Life and Connect Life. The review gives trading names only, not legal names or licence numbers.
Licensed insurers in Mongolia
Scroll horizontally to compare columns.
| Company | Class | Parent / group | Ownership | Regulator | Verification | Popularity |
|---|---|---|---|---|---|---|
| Ard Daatgal Registered as Ard Insurance | GGeneral (Non-life) | Ard Financial | Domestic private | FRC | Partial | 63 Confidence: Low |
| Bodi Daatgal Registered as Bodi Insurance | GGeneral (Non-life) | Bodi | Domestic private | FRC | Partial | — |
| Khaan Daatgal Registered as Khaan Insurance | GGeneral (Non-life) | Khan Bank | Domestic private | FRC | Partial | 45 Confidence: Low |
| MIG Daatgal Registered as MIG Insurance | GGeneral (Non-life) | MIG | Domestic private | FRC | Partial | 51 Confidence: Low |
| Mongol Daatgal | GGeneral (Non-life) | Mongol | Domestic private | FRC | Partial | 56 Confidence: Low |
| Nomin Daatgal Registered as Nomin Insurance | GGeneral (Non-life) | Nomin | Domestic private | FRC | Partial | 51 Confidence: Low |
| Practical Daatgal Registered as Practical Insurance | GGeneral (Non-life) | Practical | Domestic private | FRC | Partial | 49 Confidence: Low |
| Tenger Daatgal Registered as Tenger Insurance | GGeneral (Non-life) | Tenger | Domestic private | FRC | Partial | — |
| National Life Insurance (Mongolia) Only life insurer; Registered as National Life Insurance | LLife | National Life | Domestic private | FRC | Partial | — |
| Mongolian ReState-owned Registered as Mongolian reinsurance | RReinsurer | Government of Mongolia | State-owned / parastatal | FRC | Partial | — |
| Mandal Insurance Largest by assets (18.8%) at 2025-Q3; ownership not researched; legal form not given by FRC | GGeneral (Non-life) | Parent not named in register | Domestic private | FRC | Partial | — |
| Amar Insurance Non-life by elimination (the three life companies are named 'Life'); ownership not researched; legal form not given by FRC | GGeneral (Non-life) | Parent not named in register | Domestic private | FRC | Partial | — |
| Munkh Insurance Non-life by elimination; ownership not researched; legal form not given by FRC | GGeneral (Non-life) | Parent not named in register | Domestic private | FRC | Partial | — |
| Monre Insurance Non-life by elimination; distinct from the one reinsurer, 'Mongolian reinsurance'; FRC's 2024 annual report lists 'Monre Insurance LLC' in its regulatory sandbox; ownership not researched; legal form not given by FRC | GGeneral (Non-life) | Parent not named in register | Domestic private | FRC | Partial | — |
| Agula Insurance Non-life by elimination; ownership not researched; legal form not given by FRC | GGeneral (Non-life) | Parent not named in register | Domestic private | FRC | Partial | — |
| Ulaanbaatar City Insurance Non-life by elimination; ownership not researched; legal form not given by FRC | GGeneral (Non-life) | Parent not named in register | Domestic private | FRC | Partial | — |
| Gan Zam Insurance Non-life by elimination; ownership not researched; legal form not given by FRC | GGeneral (Non-life) | Parent not named in register | Domestic private | FRC | Partial | — |
| Insurco Daatgal LLC Non-life by elimination; ownership not researched; legal form not given by FRC | GGeneral (Non-life) | Parent not named in register | Domestic private | FRC | Partial | — |
| Aegis Management Insurance Non-life by elimination; ownership not researched; legal form not given by FRC; Registered as Aegis Management Insurance (the text also spells it 'Agis Management Insurance LLC', began operations Q4 2024) | GGeneral (Non-life) | Parent not named in register | Domestic private | FRC | Partial | — |
| Mandal Life Insurance Life insurer (name); FRC: second life insurer founded 2022. Possibly a sister of Mandal Insurance, not established; ownership not researched; legal form not given by FRC | LLife | Parent not named in register | Domestic private | FRC | Partial | — |
| Connect Life Insurance Life insurer (name); FRC: third life insurer founded 2025; ownership not researched; legal form not given by FRC | LLife | Parent not named in register | Domestic private | FRC | Partial | — |
No insurers match that filter.
Popularity is an estimate of how often people search Google for each insurer, from 0 to 100; the bars show how confident the estimate is. Not a rating of the insurer. How the index works
East Asia
