Kazakhstan

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.


Currency: Tenge
Code: KZT
Since: 1993

Exchange rates at December 31st:

1 EUR = 439.37 KZT (2018)
1 EUR = 398.23 KZT (2017)
1 EUR = 352.42 KZT (2016)
1 EUR = 371.31 KZT (2015)
1 EUR = 221.97 KZT (2014)
1 EUR = 211.17 KZT (2013)
1 EUR = 199.22 KZT (2012)
1 EUR = 191.72 KZT (2011)
1 EUR = 195.23 KZT (2010)


Sources:



Flag



Location map
author: OCHA/ReliefWeb


 


Statistics

Kazakhstan FY2018 Market Portfolio

Kazakhstan FY2018 Insurance Companies Ranking

See all statistics

Latest news

KAZAKHSTAN: S&P: life insurance may increase 15-20% in 2019

"Life insurance in Kazakhstan may grow by 15-20% in 2019, while non-life may remain at the level of 2018, or even decrease in real terms," S&P believes, according to Ekaterina TOLSTOVA, deputy director of the international rating agency.



KAZAKHSTAN: agroinsurance goes from compulsory to voluntary

The agroinsurance system of Kazakhstan will undergo a radical change - transition from compulsory to voluntary, and from subsidized indemnities to subsidized premiums, Allinsurance.kz reports with a reference to the Ministry of Agriculture.










KAZAKHSTAN: in 2018 motor insurance generated over 30% of non-life premiums

Based on 2018 result, motor insurance (MTPL and MoD) generated over 30% of non-life GWP. At that, according to the statistics of the National Bank, MTPL segment last year saw a significant concentration growth - TOP-5 generated 66.5% of GWP vs 47.6% in 2017 (total growth of MTPL amounted to 23% y-o-y).




KAZAKHSTAN: Unit-Linked may become a new market driver

Staring January 1, 2019 Kazakh life insurers may offer Unit-Linked products, charging an insurance fee that will depend on the investment results. Also this year insurance companies may get an investment broker license, as explained the Deputy chairman of the board of Nomad Life, Askar SHAKENOV.