KAZAKHSTAN: for 7 months 2018 premiums of Motor Hull went up by 22.3%

28 August 2018 — Marina MAGNAVAL
For 7 months this year Motor Hull premiums of local insurers went up by 22.3% y-o-y, to KZT 11.3 billion*, according to the National Bank of Kazakhstan. Paid claims of the class slightly decreased by 4% to KZT 3.3 billion.

The market leader - EURASIA paid about KZT 430 million in Motor Hull class, for 7 months 2018. Based on the information published by the local portal allinsurance.kz - as of August 1, 2018 3 Kazakh insurers (Kaspi Insurance, EURASIA and AMANAT) keep the leading positions on the market in terms of Motor Hull paid claims and for the first 7 months they paid together about KZT 1.7 billion. Thus, paid claims of the mentioned insurers account for 50% of the total market Motor Hull paid claims in the period under consideration.

*for approximate calculation EUR 1 = KZT 397.26 (30.06.2018)

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