Kazakhstan
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KAZAKHSTAN: from January to June, insurer profit decreased 20% y-o-y; asset growth exceeded 12%
In the first half of 2019, local insurer assets grew by 12.8% y-o-y, to KZT 1.1 trillion (~EUR 2.54 billion). However, in the background, profit dropped by 20% to KZT 35.5 billion (~EUR 81.97 million), Allinsurance.kz reports.
19 August 2019KAZAKHSTAN: Sigma: last year Kazakh insurance market ranked 77th in the world
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.
7 August 2019KAZAKHSTAN: in May, total equity and assets of insurers decreased amid an impressive growth of income - almost 41% from April
Total equity of insurers in May continued to decline (-0.6%) and amounted to KZT 499.1 billion (~EUR 1.17 billion). However, the leader in terms of equity, EURASIA, improved its result in May to KZT 137.8 billion, as did VICTORY, which ranks second (to KZT 87.1 billion), Allinsurance.kz reports.
5 August 2019KAZAKHSTAN: in January-May 2019 insurer income grew by more than 25% y-o-y, while net profit dropped by almost 3%
In January-May 2019, income of the Kazakh insurers amounted to KZT 176.7 billion (~EUR 0.41 billion), which is 25.1% more y-o-y, Allinsurance.kz reported based on data from Finprom.kz.
18 July 2019KAZAKHSTAN: Life insurance GWP jumped by almost 34% y-o-y in May
In May, 2019, GWP of Kazakh life insurance companies increased by 33.6% (to KZT 71 billion/~EUR 167 million) y-o-y, Allinsurance.kz reports.
4 July 2019KAZAKHSTAN: Jan-May 34% of GWP were generated by life insurance
According to the National Bank of Kazakhstan, for the period from January to May, total GWP amounted to KZT 208.7 billion/~EUR 0.49 billion (+24% y-o-y). 34% of GWP were contributed by the life sector, Allinsurance.kz reports.
27 June 2019KAZAKHSTAN: at the end of April total insurer assets grew by almost 18% y-o-y
Total number of insurance companies at the end of April 2019, was 27 (vs 31 a year ago). At the same time, assets of insurers increased by 17.6% y-o-y, according to Ranking.kz.
13 June 2019KAZAKHSTAN: the life sector grew by more than 74% y-o-y
The National Bank of Kazakhstan reports that as of May 1, 2019, market GWP increased by 19.9% y-o-y amounting to KZT 166.8 billion. Paid claims grew by 51.5% y-o-y, to KZT 37.9 billion, Allinsurance.kz reports.
6 June 2019KAZAKHSTAN: Jan-Apr over 83% of insurer income went to insurance activities
According to a Ranking.kz estimation based on data from the National Bank, for the first four months of this year, total income of the Kazakh insurers reached KZT 133.2 billion, which is 25.8% more y-o-y, Allinsurance.kz reports.
30 May 2019KAZAKHSTAN: MTPL concentration increasing - TOP-5 share has exceeded 73%
As of May 1, 2019, 7 out of 16 companies, providing MTPL insurance, showed negative trend y-o-y, although total GWP of the segment increased by 14%, to KZT 22.9 billion, Allinsurance.kz reports with reference to the data of the National Bank of Kazakhstan.
23 May 2019STATISTICS: KAZAKHSTAN, 1Q2019: life sector saw significant increase of almost 51%
For the first quarter of 2019, total market GWP rose by 10.5% y-o-y reaching KZT 118.9 billion (EUR 279 million). Life GWP increased by 50.9%, to KZT 24 billion (EUR 56.4 million). Paid claims amounted to KZT 27 billion (EUR 63.5 million), 29.6% more y-o-y, according to data from the National Bank.
16 May 2019KAZAKHSTAN: in March, insurance sector assets exceeded KZT 1.1 trillion (~EUR 2.58 billion)
From January to March this year, total assets of insurers grew by 5.5% (by KZT 34.8 billion) and exceeded KZT 1.1 trillion (~EUR 2.58 billion), Allinsurance.kz reports.
15 May 2019Kazakhstan sees monthly wage increase in first quarter of 2019
8 May 2019KAZAKHSTAN: assets of TOP-3 at the end of March amounted to almost half of the market assets
As of the end of March 2019, asset growth of Kazakh insurance companies reached 16.9% y-o-y, according to Allinsurance.kz.
8 May 2019KAZAKHSTAN: about 1 million e-policies sold for 1Q2019
According to preliminary data, from January to March 2019 about 1 million electronic policies were sold in the country, accounting for about 20% of the average annual sales volume, Allinsurance.kz reports.
25 April 2019Kazakhstan's insurance sector's assets reach 1 trillion tenge
24 April 2019KAZAKHSTAN: S&P: life insurance may increase 15-20% in 2019
"Life insurance in Kazakhstan may grow by 15-20% in 2019, while non-life may remain at the level of 2018, or even decrease in real terms," S&P believes, according to Ekaterina TOLSTOVA, deputy director of the international rating agency.
18 April 2019KAZAKHSTAN: Insurers profit rose by almost 65% in Jan-Feb, and revenues by almost 25%
According to the monitoring service Ranking.kz, profit of Kazakh insurers in January-February, 2019, grew by 64.7% y-o-y, to KZT 12.7 billion. Insurers show positive profit results for the second year in a row since losses in 2017, allinsurance.kz reported.
10 April 2019KAZAKHSTAN's insurance companies earn over USD 150 M
8 April 2019KAZAKHSTAN: agroinsurance goes from compulsory to voluntary
The agroinsurance system of Kazakhstan will undergo a radical change - transition from compulsory to voluntary, and from subsidized indemnities to subsidized premiums, Allinsurance.kz reports with a reference to the Ministry of Agriculture.
4 April 2019
