Life insurance continued to decline (-12.56%), while non-life insurance grew by more than 27%, taking over 70% of the total market premium portfolio. The most significant non-life class is property insurance, which reached KZT 134.26 billion. The non-life class with the fastest growth rate over the period is worker accident insurance (+66%). In terms of market segmentation into voluntary and compulsory insurance, compulsory insurance demonstrates the highest growth rates, with a rather moderate growth in voluntary insurance.
Paid claims recorded growth across all classes of insurance. It is worth noting their rapid growth in property insurance (almost 135%), accident insurance, Motor Hull and GTPL.
Out of 27 active insurers, EURASIA (KZT 129.21 billion) holds the leadership in terms of GWP in the overall ranking, followed by HALYK-Life (KZT 93.74 billion) and HALYK.
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