Total number of payments went up by 13% y-o-y. The average insurance payment amount increased by only 4%. Experts explain such a slight increase by the country's fleet ageing, which affects repair costs after accidents.
According to the Association of AutoBusiness of Kazakhstan (AKAB) 82.2% of the country's fleet are passenger cars. Moreover, as the data of the National Bank of Kazakhstan on August 1, 2019 show, only about 77% of vehicles in the country are covered by insurance. About half of the vehicles, registered in Kazakhstan, are older than 20 years.