Kazakhstan

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Location map
author: OCHA/ ReliefWeb


Location:
- Central Asia, a small portion west of the Ural (Zhayyq) River in eastern-most Europe.
- Neighbours: Russia, Turkmenistan, Uzbekistan, Kyrgyzstan, China.

Climate:
- continental, cold winters and hot summers, arid and semiarid.

Natural hazards:
- earthquakes in the south;
- mudslides around Almaty.

Macro indicators
* 2018 estimates
Surface:2,724,900km2
Population*:18.5million
Pop. density*:6.8people/km2
GDP*:133.8EUR billion
GDP/capita*:7,246.8EUR

Currency: Tenge
Code: KZT
Since: 1993


Insurance market portfolio
* 2018 estimates
TOTAL LIFE*:23%
TOTAL NON-LIFE*:77%
Overall Property*:20%
Overall Motor*:21%

Sources:



 


Statistics

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Kazakhstan 1Q2022 Insurance Companies Ranking

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Kazakhstan 1Q2022 Market Portfolio


See all statistics

Latest news




STATISTICS: KAZAKHSTAN, 1Q2022: life insurance shrunk by 17% y-o-y

The first quarter of 2022, the insurance sector of Kazakhstan ended with an increase of 6.57%, reaching KZT 231.91 billion (EUR 454.22 million). Unlike premiums, paid claims increased by more than 34% y-o-y, as the data published by the National Bank show.






KAZAKHSTAN: insurance sector's assets up 23% in 2021

In 2021, the assets of insurance (reinsurance) companies in Kazakhstan increased by 23% and as of January 1, 2022, amounted to KZT 1.8 trillion (~EUR 3.69 billion*), Allinsurance.kz reports referring the data from the Agency of the Republic of Kazakhstan for the regulation and development of the financial market (ARRFR).


KAZAKHSTAN: in 2021, the insurance sector saw a recovery growth in all key parameters

According to the National Bank, as of December 1, 2021, there were 27 insurance (reinsurance) organizations operating in Kazakhstan, their total assets amounted to almost KZT 1.78 trillion/EUR 3.60 billion*. GWP collected as of this date amounted to KZT 725 billion, liabilities - approximately KZT 1.05 trillion (including KZT 871.26 billion of insurance reserves), Allinsurance.kz writes citing inbusiness.kz.