In 2018 assets of the Kazakh insurance sector increased by 13.3% y-o-y from KZT 925.34 billion to KZT 1.05 trillion, as allinsurance.kz wrote.

Based on 2018 result, EURASIA was the leader in terms of assets' volume among the local insurers, the company's assets went up by 14.9% y-o-y to KZT 251.29 billion (~24% of all market assets). 2^nd place was taken by KHALYK-Life (assets increased by 124.2%, to KZT 145.2 billion). The main reason for such a growth was the merger of Kazkommerts-Life. Khalyk-Kazakhinstrakh took the 3^rd place in terms of assets (+123.4%, to KZT 115.48 billion), partially as a result of the merger of Kazkommerts-Policy. At the end of January 2019 Khalyk-Kazakhinstrakh was renamed to Khalyk.

In 2018 total equity of the insurers increased by 13.7% y-o-y. EURASIA is also on the top in terms of the equity capital size (+29.2%, to KZT 141.27 billion). VICTORY goes second (+13%, to KZT 86.68 billion), the 3^rd one is Khalyk-Kazakhinstrakh (+105.9%, to KZT 48.11 billion). According to the experts of S&P Global Ratings, the return on equity (ROE) in 2018 amounted to 19%, while in 2017 it was about 14%.

Total retained earnings of insurers in 2018 increased by 40.2%, from KZT 56.2 billion to KZT 78.8 billion. According to S&P Global Ratings, the biggest share in the profit structure of the insurance sector in 2018 was generated by investment income (+48%). Based on 2018 result, EURASIA became the most profitable insurer (its revenue jumped from KZT 12.96 billion to KZT 32.8 billion). The TOP-3 in terms of income include VICTORY (+49.2%, to KZT 8.03 billion) and Kaspi Insurance (-24.7%, KZT 4.69 billion). In general, 10 out of 29 local companies by the end of 2018 increased their income by more than 100%.

The average profitability of the insurance market in 2018 also went up - from 6.3% to 8%. The 1^st place in terms of asset efficiency was taken by Alliance-Policy with ROA of 43.5%. 2^nd goes Kaspi Insurance (ROA amounted to 26.7%), and the 3^rd - European Insurance Company with ROA of 20%. The lowest ROA in 2018 was shown by SALEM (-32,2%), Amanat (-1%) and TransOil (1.5%).

Total GWP in 2018 decreased by 2.9% (from KZT 396.32 billion to KZT 384.85 billion). According to S&P Global Ratings, non-life market last year demonstrated a general decline by 11%. Among the reasons the agency pointed out the exit of some players from the market, improvement of competition, as well as activity of some insurance companies, affiliated with banking and corporate groups. However, the life sector demonstrated a noticeable growth of GWP (about 20%). S&P Global Ratings expects that in 2019 growth of the entire insurance market will most likely be affected by the life sector due to changes in legislation, tax incentives and introduction of investment insurance. Based on the total market ranking, in 2018 the largest amount of GWP was generated by EURASIA (KZT 68.57 billion vs KZT 55.19 billion a year ago). Khalyk-Life (KZT 51.03 billion) and Khalyk-Kazakhinstrakh (KZT 44.54 billion) ranked 2^nd and 3^rd. The highest growth rates were recorded by Khalyk-Kazakhinstrakh (65.5%), Nomad Life (62.2%) and Kommesk-mir (51.2%).

Total insurance settlement expenses in 2018 increased by 7.26% to KZT 95.18 billion. The 1^st place in terms of expenses was taken again by EURASIA (KZT 33.4 billion), followed by Khalyk-Kazakhinstrakh (KZT 10.21 billion).

*EUR 1 = KZT 439.37 (31.12.2018)

EUR 1 = KZT 398.23 (31.12.2017)