KAZAKHSTAN: Sigma: last year Kazakh insurance market ranked 77th in the world

7 August 2019 —
According to Sigma, the research publication of Swiss Re, the Kazakh insurance market ranked 77th among world markets in 2018, ahead of Cyprus, Allinsurance.kz reported with reference to Express-k.kz.

As Sigma's analysis shows, the Kazakh non-life sector was ahead of Serbia, Pakistan and Tunisia last year, but with a large margin from Russia and Ukraine.

Among the key analytical criteria, Sigma noted a decrease of insurance GWP per capita in Kazakhstan, to USD 55 in 2018 vs USD 61 in 2017. In Russia, this figure in 2018 increased by 8% to USD 164, and in western developed countries it ranged from USD 1,000 to USD 7,000, Allinsurance.kz reports.