Insurance statistics published by the regulator (the National Bank of Kazakhstan), show that GWP of compulsory civil liability insurance for vehicle owners increased by 21% (by KZT 8.5 billion). As of now the share of this compulsory insurance in total market non-life segment amounts to 23.1%. Growth rate of Motor Hull from January to October amounted to 16%, its share in non-life segment premiums reached 7.6 %. Thus, both motor lines together account to over 30% of the total portfolio.
However, on December 1, 2018 total number of registered vehicles of all types amounted to 4.45 million units, while total number of vehicles insured under compulsory civil liability insurance for vehicle owners as of November 1, 2018 amounted to 3.38 million units, which means that about 24% of all vehicles in the country are used without compulsory insurance policies.
*EUR 1 = KZT 418.28 (01.11.2018)