For the period January-May 2018 premiums of compulsory insurance in Kazakhstan saw annual growth by 16%, according to the service Energyprom.kz.

Credit rating service of the international rating agency S&P Global Ratings on July 11 improved the issuer rating under the national scale rating of the insurance company EURASIA from kzAA- to kzAA+

New law, signed in Kazakhstan, will let customers conclude insurance agreements via internet as well as apply to the insurance ombudsman in cases of disagreement with indemnities of any insurance types, wrote Interfax-Kazakhstan.

According to the National Bank of Kazakhstan for 5 months this year paid claims under mandatory civil liability of car owners of the 3 leading insurers in this class (EURASIA, NURPOLICY, Kommesk-Omir) exceeded KZT 3.3 billion, wrote the portal allinsurance.kz.

Data for 5 months, published by the Kazakh National Bank, show growth slowdown of the insurance market, wrote the portal allinsurance.kz.

A.M. Best has affirmed the Financial Strength Rating (FSR) of B++ (Good)/(stable outlook) and the Long-Term Issuer Credit Rating (Long-Term ICR) of "bbb+" (negative outlook) of Eurasia Insurance Company JSC (Eurasia) (Kazakhstan).

According to the results as of the end of May 2018 total assets of Kazakh insurers reached KZT 948.1 billion, y-o-y up by 7.6%. At that more than 40% is owned by TOP-3 biggest local insurance companies, informed the financial service Finprom.kz.

According to the data of the National Bank of Kazakhstan paid claims in property insurance keep growing. For January-May they amounted to KZT 7 billion (vs KZT 2.7 billion a year ago) which means growth rate at 156% during a year.

The Chairman of the National Bank of Kazakhstan Daniyar AKISHEV explained about introduction of imputed insurance and expansion of the activity of the insurance ombudsman in the country.

Insurance company VICTORY, which is in terms of assets is the 2^nd insurer in the country (KZT 83.7 billion), announced about consolidation with the insurer NURPOLICY (27^th place in terms of assets of 32 insurers), a subsidiary of NURBANK.

Dr. Andy Kuper, founder and CEO of LeapFrog Investments, has received the 2018 Founder's Award and Gold Medal from the International Insurance Society for his pioneering work. He was honoured for LeapFrog companies reaching 130 million people in a decade.

The works of the Global Insurance Forum continued today in Berlin, Germany. Providing security for ageing populations in health care and pensions terms, as well as innovation and InsurTech or innovative strategies for the future development of the industry are on the today's agenda.

International Insurance Society (IIS) will open two regional offices till the end of this year -in London and Singapore, to expand its global footprint, has announced President & CEO of the IIS, Mike MORRISEY at this year's Global Insurance Forum in Berlin.