Licensed list · Asia-Pacific · East Asia · MN

Licensed insurance companies in Mongolia (2026)

PartialPartially verified against the FRC register, checked 4 Sept 2026.

The 21 insurance companies licensed in Mongolia in 2026, as recorded by the Financial Regulatory Commission (FRC), with the class of business and ownership each one is registered under.

Snapshot

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

  • Domestic private20 95%
  • State-owned / parastatal1 5%

“Cross-border groups” counts foreign multinationals and pan-regional groups; “domestically owned” counts domestic private, state-owned, mutual and captive entities. The register records the parent’s type, not its home market. How ownership is recorded

Licensed insurers in Mongolia

All 21 entities.

InsurerClassOwnershipGroupVerification
Aegis Management InsuranceGGeneral (Non-life)Domestic private—Partial
Agula InsuranceGGeneral (Non-life)Domestic private—Partial
Amar InsuranceGGeneral (Non-life)Domestic private—Partial
Ard DaatgalGGeneral (Non-life)Domestic privateArd FinancialPartial
Bodi DaatgalGGeneral (Non-life)Domestic privateBodiPartial
Connect Life InsuranceLLifeDomestic private—Partial
Gan Zam InsuranceGGeneral (Non-life)Domestic private—Partial
Insurco Daatgal LLCGGeneral (Non-life)Domestic private—Partial
Khaan DaatgalGGeneral (Non-life)Domestic privateKhan BankPartial
Mandal InsuranceGGeneral (Non-life)Domestic private—Partial
Mandal Life InsuranceLLifeDomestic private—Partial
MIG DaatgalGGeneral (Non-life)Domestic privateMIGPartial
Mongol DaatgalGGeneral (Non-life)Domestic privateMongolPartial
Mongolian ReRReinsurerState-owned / parastatalGovernment of MongoliaPartial
Monre InsuranceGGeneral (Non-life)Domestic private—Partial
Munkh InsuranceGGeneral (Non-life)Domestic private—Partial
National Life Insurance (Mongolia)LLifeDomestic privateNational LifePartial
Nomin DaatgalGGeneral (Non-life)Domestic privateNominPartial
Practical DaatgalGGeneral (Non-life)Domestic privatePracticalPartial
Tenger DaatgalGGeneral (Non-life)Domestic privateTengerPartial
Ulaanbaatar City InsuranceGGeneral (Non-life)Domestic private—Partial

Full table for Mongolia ↗

Regulatory intelligence: Mongolia

Read from the register, not written for this page: the supervisor’s regime, the source the list was checked against, and the market notes recorded alongside it.

Register source
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
Verification
Partially verified against the regulator 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

No market event is recorded against this register for 2026. The regime and source above are the standing facts.

Governing legislation

  • Law on Insurance · Institutional and insurance framework

    The official legislative compendium sets out insurance regulation and the Financial Regulatory Commission’s powers, including approval of business transfers.

Verification log

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.

For B2B teams and AI agents

The same rows as static JSON, no key, CORS open, CC BY 4.0. Paged files stay under 96 KB so an agent’s fetch tool never truncates them.

curl -s https://insurers.global/api/v1/countries/mongolia.json
curl -s https://insurers.global/api/v1/countries/mongolia/insurers/pages/1.json