In the first half of 2022, the insurance sector of Kazakhstan grew by 4.03%, to KZT 445.89 billion (EUR 912.31 million). At the same time, insurers' paid claims, in contrast to premiums, jumped by more than 36%, reaching KZT 80.81 billion (EUR 165.35 million), according to data published by the National Bank.

Life insurance continued its downward trend, decreasing by 18%, its share in the market portfolio fell to 28%. At the same time, non-life insurance increased to KZT 319.67 billion, with its market share reaching almost 72%. Motor insurance is the largest non-life class and grew by 16% in the first six months, with the most impressive growth rates recorded by Motor Hull.

Insurers' paid claims increased in almost all major classes of insurance. It should be noted that the increase in paid claims for voluntary classes was almost twice as high as for compulsory ones.

Of the 27 active insurers, EURASIA holds the lead in terms of premiums in the overall ranking (KZT 99.75 billion). The second place is held by HALYK (KZT 63.04 billion), and the third - by HALYK-Life. The composition of leaders in the top 5 has not changed compared to the first half of last year.

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