STATISTICS: KAZAKHSTAN, 1Q2017: Significantly drop for motor insurance lines

In January-March 2017, the Kazakh insurance market has seen a GWP growth of 10.02% as compared to the similar period in 2016, reaching a total of KZT 104,924.52 million.

By insurance lines, to the positive evolution have contributed Accidents (up by 56.81%), Life insurance (38.05%), CARGO (29.00%), GTPL (26.50%), Annuity (26.37%), Worker against accidents (19.95%) and Property insurance (18.65%).

In the reporting period, motor insurance types of insurance declined by 2.28%: Motor Hull (went down by 10.55%), while MTPL practically remained at the same level of 1Q2016. The main reasons are increased prices of spare parts and repair costs, as a result of the currency depreciation, while the economic situation affected the demand for Motor Hull products.

In 1Q2017, a tendency of claims growth by 5.40% was maintained, especially due to increase in compensations paid on motor, CARGO and GTL insurance segment.

Access www.xprimm.com and download the 1Q2017 Kazakh insurance market statistics.

Related articles

ON THE MOVE

TOP EVENT

61st "Rendez-Vous de Septembre" ends today in Monte Carlo: review

The 61st edition of the "Rendez-Vous de Septembre", the annual traditional meeting of reinsurers ends today in Monte Carlo. The Nat Cat insurance protection gap, as well as the global insurance market readiness to deal with the increasing complexity of the cyber risks were among the most debated topics.

14.09.2017

photodune-3834701-laughing-girl-xs

MONTE CARLO: Live news from the "Rendez-Vous de Septembre"

The 61st edition of the "Rendez-Vous de Septembre", the annual traditional meeting of reinsurers has started yesterday in Monte Carlo. XPRIMM publications on the CEE, SEE and CIS insurance markets are available at the XPRIMM stand in Fairmont Hotel as well as at the other event's venues.

10.09.2017

See all