STATISTICS: KAZAKHSTAN, 1Q2016: Insurance industry grew by 31.54%

In the first quarter of 2016, the local insurance industry grew by 31.54%, totaling KZT 95,367.46 million, according to official data provided by the National Bank of Kazakhstan.

The the Kazakh market remained highly concentrated, with Top 5 insurance companies accounting for almost half of the business volume, most of the GWP growth was provided by the top companies, especially by EURASIA and HALYK-KAZAKHINSTRAKH, ranked first and second, which have generated about ine third of the market growth in absolute terms. Property insurance, financial losses insurance, GTPL and Workers insurance against accidents were the business lines witnessing the best dynamics.

Based on the figures we can assume that the positive evolution was stemmed by the larger number of insurance contracts concluded by several companies, as well as by the revaluation of insurance premiums in/from foreign currency.

Access www.xprimm.com and download the 1Q2016 Kazakh insurance market statistics.

Market indicators and market ranking (in EUR and KZT):
  • GWP
  • Claims 
  • Growth rates
  • Portfolio

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

Share |

Related articles

ON THE MOVE

MARSH the formation of MARSH-JLT Specialty and its leadership

The global insurance broker MARSH announced the formation of MARSH-JLT Specialty - the new specialty business that combines the specialty teams of MARSH and JARDINE LLOYD THOMPSON Group (JLT) and will be headed by Dominic BURKE, currently CEO of JLT Group.

21.11.2018

TOP EVENT

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.

06.11.2018

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.

05.11.2018

See all