Increased auto sales boosting insurance market growth in KAZAKHSTAN

15 June 2015 —
Growing demand for personal cars is pushing the insurance market growth in Kazakhstan. According to the analytical portal ranking.kz, sales of car owners' civil liability insurances amounted to 13.4 billion tenge in the first quarter of 2015. This is 40% more compared to the same period in 2014. Only in April 2015, the amount of premiums collected on policies of civil liability of car owners increased by 3.8 billion tenge. For three months in 2015, registered new passenger cars has increased by 12% to reach 366 thousand cars. For comparison, vehicle fleet of passenger cars dropped by more than 8 thousand during the first quarter of 2014. Read the full story Increased auto sales boosting insurance market growth in KAZAKHSTAN
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