KAZAKHSTAN: number of paid claims went up by more than 2 times y-o-y in the 7 months of 2018

In Kazakhstan in the first 7 months of this year, the total number of paid claims amounted to 385.7 thousand, which is, according to ranking.kz, 2.1 times more y-o-y. The total number of reported claims decreased y-o-y to 117.5 thousand (-9.3%).

The leader in terms of number of reported claims was voluntary personal insurance (65.5 thousand reported claims), but the number decreased y-o-y by 8.3%. Also, the number of reported claims dropped in compulsory insurance (42.2 thousand, -9.3% y-o-y). Fewer reported claims were recorded by voluntary property insurance (9.8 thousand, -14.1%).

According to market experts, the main reason for the increased number of paid claims was the growing trend in voluntary personal insurance by 2.5 times, while the segment had the biggest share of total paid claims for the market (337.9 thousand paid claims). The number of paid claims in compulsory insurance, on the contrary, demonstrated a decline to 40 thousand of claims (-8%), the same trend was seen in voluntary property insurance (-6.4%), according to allinsurance.kz.

Follow XPRIMM Publications on LinkedIn, for more data on the insurance and financial industry.

Share |

Related articles


MetLife named its EMEA head as CEO of Japan unit

MetLife announced that Eric CLURFAIN, currently Executive Vice President and Head of EMEA, has been named Chairman, President and CEO of MetLife Japan - the company's second largest market globally and its largest retail life insurance business, effective Feb. 1, 2019, following approvals.


American International Group appoints new CFO

American International Group announced that it has appointed Mark LYONS to the role of Executive Vice President & Chief Financial Officer (CFO). He succeeds Sid SANKARAN, who will remain at AIG in an advisory capacity through the year-end reporting process for fiscal year 2018.


Wolfgang STOCKMEYER appointed as VIG's BTA Baltic new Board Chairman

Wolfgang STOCKMEYER (49) has been appointed, on 30 November 2018, Chairman of the VIG's subsidiary BTA Baltic Management Board, as part of a series of changes in the composition of its Management Board operated by the main player of Austrian Group in the Baltic region.



Reducing the risks in agriculture by using insurance means, discussed in Skopje

On November 1st, an Agricultural insurance conference took place in Skopje, Macedonia, organized by the Insurance Supervision Agency in cooperation with the Ministry of Agriculture, Forestry and Water Economy. Drawing attention to the necessity of reducing the risks in agriculture by using insurance was the event's main purpose.


IIF 2018 - Insurance in a DIGITAL WORLD

Emmanuel DJENGUE, Innovation Director, Europe - RGAX, Spain is the Keynote Speaker at IIF 2018 - Insurance in a DIGITAL WORLD Conference in Bucharest, on November 27.


See all