Insurers reserves increased by 21.9% (KZT 579.4 billion), equity - by 16.5%. Total market GWP for 10 months this year jumped 31.1% y-o-y, to KZT 416.2 billion (EUR 0.96 billion).
Non-life in the market portfolio continued to decline and its GWP share amounted to 62.3% at the end of October; at that life insurance accounted for 37.7% of total GWP, increasing its market weight (32.3% a year ago).
Market paid claims demonstrated impressive growth from January to September (+58.8% y-o-y) and reached KZT 123.7 billion (EUR 0.28 billion).
*EUR 1 = KZT 433.83 (as of 1 November 2019)