About us

The largest insurer in Mongolia

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Mandal Daatgal JSC
We aim to build a strong business that will create long-term value for our customers, shareholders, and employees. We plan to introduce reforms, new standards, and best management practices in the 80-year-old insurance industry of Mongolia.
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VISION

To create a Mongolian brand that competes globally, and is recognized as a world-class financial services franchise

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MISSION

Guarantee a brighter tomorrow for every citizen

Our value
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One team
One Mandal
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Always
lead
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Customer
first
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Build a
legacy
Award
AM Best Rating of BB+

The first company to receive the Financial Strength Rating and Credit Rating from AM Best Agency in Mongolia.

Award
Insurance Asia Award 2019

Mandal received the Mongolian TOP DOMESTIC INSURER award from the Insurance Asia publication.

Award
Decade of Excellence 2021

Mandal celebrated the first decade of its story with the “DECADE OF EXCELLENCE” award from Global Banking & Finance Review.

Performance highlights
Mandal Daatgal is the leading insurance company in terms of financial performance in Mongolia. We provide robust, timely disclosure through quarterly and annual reports. Learn more about our progress by exploring our financial results.
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Annual report
Chairman's Statement
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Ulziibayar
GANZORIG
Board Chairman & Founder
DEAR CUSTOMERS, SHAREHOLDERS AND PARTNERS OF MANDAL DAATGAL
When we founded the company in 2011, we had an aspiring vision to become the top insurance company. We believe that a leading company in the industry should be a winner in terms of profits and assets and a pioneer in introducing new standards and innovative ethics.
Today, ten years later, we have become a top insurance company in all respects. To mention one example, Mandal has done tremendous work to spread risk education to the public, which is something that any other company has ever done. The secret of our success lies in the fact that we focus primarily on our contribution to society and our country than merely on profits.

Our mission is to create a safe, risk-free environment in which to work and live, for Mongolian citizens and companies alike. In the next ten years, we will move beyond the insurance sector and set an exemplary threshold of moral values, social responsibility and new standards for all companies in our country.
Development of Mongolia cannot be shaped by the deeds of single minister or a chairman, but by humane and ambitious companies that voluntarily take responsibility for their citizens beyond their own business.
Management Team
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Baldan
Enkhtuvshin
Acting CEO
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Munkhbat
Ankhtsetseg
Deputiy director
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Sharavpeljee
Gantuya
Head of Marketing
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Ganbold
Otgonpurev
Head of Corporate sales
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Grisha
Erdenetuya
Head of Corporate sales
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Tsogt-Erdene
Ganchimeg
Head of Corporate sales
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Munkhtuvshin
Munkh-Ulzii
Head of Retail Insurance
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Batmunkh
Amartsogt
Head of Channel Sales Department
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Dorj
Bavuugarid
Head of IT Department
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Ganbold
Munkhtuvshin
Head of Claim and Services
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Tuvshinjargal
Ariunaa
Head of Risk&Underwriting Department
Underwriting
To deepen our understanding of the evolving risks that our current and prospective customers face – and provide them with innovative solutions that are in tune with their needs – we continue to reinvest in our underwriting tools and expand our digital capabilities. Our disciplined focus helps us identify trends and patterns, and thereby, delivering tangible value.
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Underwriting model
Risk
assessment
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Engineering
team
Underwriting
decision
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Underwriting
team
Insurance terms
and condition
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Actuary and
Underwriting team
Reinsurance
placement
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Underwriting
team
TREATY REINSURANCE
In line with the Company’s underwriting policy, liabilities exceeding the underwriting capacity of Mandal are automatically ceded to a reinsurer under treaty agreement. Reinsurance arrangements ensure that we are protected from volatility and large losses while we develop our understanding of the sector. The advantage of this agreement is that it allows the Company to automatically transfer the risk to the reinsurers, according to pre-agreed terms, rather than negotiating the wager of each client separately for each insurance policy that is reinsured.

The limits of treaty agreement

Property and casualty treaty reinsuranceDeductibleLimit per riskAggregate limit
Commercial general liability$200,000$1,000,000$3,000,000
Professional indemnity
Special purpose machinery and heavy truck
Cargo$2,000,000$5,000,000
Property$5,000,000
Contractors all risk
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3F, Park Place building, Chinggis Avenue – 24,
Sukhbaatar district, 1st khoroo, Ulaanbaatar 14241, Mongolia
Copyright © 2024 Mandal Daatgal JSC - All Rights Reserved
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