As of March 1, 2026, securities accounted for the largest share of assets – 72.7% (KZT 2.9 trillion), Allinsurance.kz writes, citing the Agency of the Republic of Kazakhstan for Regulation and Development of Financial Market.
Liabilities of re/insurance companies increased by 0.8% in February 2026 to KZT 2.9 trillion, mostly driven by an increase in insurance reserves. Equity increased by 1.9% to KZT 1.1 trillion. Net profit in the insurance market in February 2026 amounted to KZT 17.9 billion.
The number of insurance contracts in February 2026 reached 1.3 million units, which is 35.7% less y-o-y due to a decrease in the number of accident insurance contracts concluded.
GWP in February 2026 amounted to KZT 88.2 billion (~EUR 0.15 billion), which is 43.4% less compared to the previous month. The slowdown in growth is explained by less attractiveness of accident and life insurance due to the introduction of a remuneration limitation for insurance agents on insurance contracts related to bank loans (no more than 10% of the insurance premium).
Compulsory insurance in January-February 2026 totaled KZT 48.6 billion (+13.7% y-o-y). The increase was primarily driven by a 17.3% rise in employee accident insurance.
Voluntary personal insurance for January-February 2026 totaled KZT 119.6 billion, which is 9.0% less y-o-y. The decrease was due to a 91.4% decline in accident insurance and a 36.7% decline in life insurance. Voluntary property insurance in January-February totaled KZT 75.9 billion (-29.4%), the decrease was due to a 50.8% decline in property damage insurance.
Paid claims in January-February 2026 totaled KZT 81.2 billion (~EUR 0.14 billion), which is 33.1% more than in the same period in 2025, the source writes.
*EUR 1 = KZT 584.74 (as of March 1, 2026)
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