Nomin Insurance

"Nomin United" Khan-Uul district, Chinggis Avenue, Ulaanbaatar 17042, Mongolia, 210136, P.O.Box 2316




Brief introduction:

“Nomin Insurance” LLC has become an esteemed company with a permanent customer base in Mongolia through its sustainable operation in Mongolian insurance industry resulting from its excellent management and a coherent team of professionals with a common goal.

We work towards long-term cooperation with public and nonpublic entities and foreign and domestic companies and citizens. Our priority is to launch products and services which have flexible terms and meet customers’ needs and provide comprehensive professional insurance services to our customers in a timely manner.


To be a leading insurance company in Mongolian insurance market through the provision of professional insurance services and products which meet the needs of customers, and fulfillment of our social duties.


  • To promote the significance and value of insurance to every citizen of Mongolia
  • To offer insurance services according to international standards. 
  • To provide comprehensive risk management services to every customer


  • To provide quality insurance services promptly and pay attention to the customers’ satisfaction
  • To provide equal opportunities to customers and run its business transparently according to law.
  • To heed the needs of the insured and work out a solution quickly.
  • To be a trusted partner to our customers and provide innovative products and services

Human resources:

“Nomin Insurance” LLC has about 80 full-time employees and about 200 agents and provides all types of products and services of commercial insurance to every corner of Mongolia. About 50 percent of all employees have a profession of insurance economist and, trained and experienced employees show that the company is fully provided with professional and capable personnel.

We operate with adherence to the policy of creating professional insurance personnel by focusing on the knowledge and skills of employees and providing them with foreign and domestic training and seminars.


As a result of “Nomin insurance” LLC’s objective of reaching every citizen with its products and services since its operation in the insurance market, we are providing products and services through head office, two branches, and 2 insurance agents and 7 financial services centers in Ulaanbaatar and 19 branches in the local area.

Further, we will keep this objective and will always seek opportunities to increase the number of branches and agents in order to get closer to customers.


To fulfill our duties toward our insureds, we cooperate with reinsurance companies which leads their industry by assets and financial capability. Also, we have a partnership with local and international brokerage companies composed of able and competent personnel with long years of experience.

Product and services

Property insurance:

  • Property insurance
  • Real estate insurance
  • Equipment insurance
  • Apartment insurance
  • Mortgage insurance
  • Goods insurance
  • Motor own damage insurance
  • Cargo insurance
  • Heavy machinery insurance
  • Mineral and mining comprehensive insurance
  • Oil products comprehensive insurance
  • Aviation insurance  
  • Construction all risk insurance
  • Agriculture insurance
  • Livestock insurance 
  • Electronics insurance
  • Subprime mortgage insurance

ХарL       Liability insurance:

  • Driver’s liability insurance
  • Transporter’s liability insurance
  • Organization’s liability insurance
  • Product and service liability insurance
  • All types of professional indemnity insurance
  • Legal liability insurance
  • Employer’s liability insurance
  • Aircraft liability insurance







Life and health insurance :

  • Personal health insurance
  • Personal accident insurance
  • International travel insurance 
  • Tourist health and personal accident insurance
  • Temporary disability insurance
  • Personal accident insurance for horse rider children

    Financial insurance:


  • Cash and security insurance
  • Credit risk insurance
  • Business interruption insurance
  • Borrower’s life and health insurance


Asimon Brokers LLC

Asimon Brokers LLC was founded in 2004 and one of the first company to provide insurance and reinsurance brokerage services and since its founding, it has been actively engaging in the insurance industry. The company works with many reputed reinsurance brokers and underwriters and provides their wide variety of services and products to local customers and clients at the highest service level.

Munich Re 

Munich Re was founded by Carl Thieme’s initiative in 1880. Since its establishment, Munich Re has been a leader in the insurance industry during its 137 years of operation. Munich Re employs 43,000 staffs and provides reinsurance services globally. In 2015 its gross premium income reached 48 billion euro and gross net income reached 3.2 billion euro. The rating agencies assign ratings to reinsurance companies based on their financial performances, strategic positions, and long-term risk tolerance and, the following ratings based on these indicators can easily show that Munich Re will continue to lead and strengthen its position in the reinsurance industry.


  • A.M Best A+ (Superior) 
  • Fitch AA (Very strong)
  • Moody’s Aa3 (Excellent)
  • Standard & Poor’s AA- (Very strong)

ERV China 

ERV China is travel insurance division of ERGO insurance group, subsidiary of Munich Re. ERGO is one of the best primary insurance companies of Germany and has 30 branches all over the world and employs 48,000 staffs. The company directs its business into Asia and Europe and, in 2014 its gross premium income reached 18 billion euro. ERV is responsible for the activities related to travel insurance of the ERGO insurance group and represented in over 20 countries.


Jb Boda was founded by way back in 1943 in India and has cooperation with over 300 insurance companies of 80 countries. Jb Boda was accredited by Lloyds in December 2002- the first Indian Broker to achieve this recognition. Jb Boda is considered as the biggest and most experienced broker firm of India. We are actively engaged in business since 2005.

Hannover Re

Hannover Re was founded in 1966. Since 1969 it began providing reinsurance coverage in Asia and has cooperation with about 5000 insurance companies of 150 countries. Also, it has approximately 100 subsidiaries, branches and representatives with over 2500 employees. Hannover Re is one of the biggest global reinsurance companies and it has an average annual gross premium of 10 billion euro.


  • Standard & Poor’s-н AA- “Very Strong” 
  • A.M. Best A+ "Superior"


2001  Founded and obtained a special license certificate

2002  Participated in automobile assessment and started rendering driver’s insurance services.

2003 Opened a branch for International travel insurance For the first time launched comprehensive insurance services into the Mongolian insurance market

2004 Opened its first branches in Darkhan and Erdenet cities.

2005  Started selling index-based livestock insurance implemented by World Bank and Government of Mongolia. Opened branches in Tuv, Bulgan and Uvurkhangai provinces.

2006 Opened branches in Khentii, Khuvsgul and Sukhbaatar provinces. 

2007 Opened branches in Dundgobi, Dornod and Dornogobi provinces. Began cooperation with international reinsurance organization Swiss Re

2008 Opened branches in Arkhangai, Selenge, Gobi-Altai, and Gobi Sumber provinces Launched 24-hour call service

2009 Opened a branch in Umnogobi province. Launched insurance registration program.

2010 Qualified for Capacity development for Micro-Insurance Market project co-run by the United Nations Development Program and Financial Regulatory Commission

2011   Opened branches in Uvs, Bayan-Ulgii and Zavkhan provinces. Opened branches in Bagakhangai, Baganuur districts and opened insurance agencies In Tsogttsetsii soum of Umnugobi province.

2012 Began following mandatory driver’s liability insurance law. Signed reinsurance treaty agreement. Launched banking intermediary services Began organizing one-day event for insurance

2013   Qualified for Sustainable insurance project co-run by United Nations Population Fund and Financial Regulatory Commission. Opened financial services centers.

2014 Opened a branch at State Department Store

2016 Integrated ERP system with our operation Implemented successfully ISO 9001 quality management system, OHSAS: 18001 or occupational health and safety management system, ISO:14001 or environmental management system


  • A leader in reserve growth
  • Capable of shouldering any large risks
  • The insurance premium is flexible and tied with risks. Flexible insurance premium tied
    to the level of risks.
  • Branches available in all provinces of Mongolia
  • Professional personnel with many years of experience
  • Settles insurance claims promptly and in a short period.
  • Variety of additional services and bonuses.
  • 24-hour call service

Awards and recognition:

2003 Selected as TOP BRAND in service

2004 Awarded with recognition of CUSTOMER AS A KING ORGANIZATION

2007 Selected as one of MONGOLIAN NATIONAL TOP SERVICES by Mongolian national best service selection association for its comprehensive insurance service and awarded with Ulemjiin chanar acknowledgment.

2008 Selected as one of the TOP 3 insurance companies of Mongolia.

2009 Selected as BEST INSURANCE COMPANY for its activities and services

2010 Selected as TOP INSURANCE COMPANY by Mongolian National Chamber of Commerce and Industry

2012 Selected as TOP INSURANCE COMPANY from Grand Expo of Mongolian Marketing Management Institution.

2013 Selected as LEADING CLAIMS SETTLEMENT COMPANY according to FRC indicators


For information on retail insurance, please click on this link

For information on insurance for corporations, please click on this link

For information on the list of materials needed for claim settlement, please click on this link

 For information on contacts and locations of branches, please click on this link