The share of life insurers in the market portfolio grew from 18.9% (in January 2019) to 22.9%, Allinsurance.kz reports. Among life products, significant growth was recorded by pension annuities (+67%) and voluntary life insurance (+47%).
Growth rates of the most popular non-life classes were much more moderate. Voluntary property insurance increased by 8% y-o-y, MTPL - by 16%, and voluntary health insurance - by 15%. However, at the same time some smaller classes were growing at a very impressive pace, such as voluntary cargo insurance (+114%).
* EUR 1 = KZT 417.98 (as of 01.02.2020)