Kazakhstan

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Location map
author: OCHA/ ReliefWeb


Location:
- Central Asia, a small portion west of the Ural (Zhayyq) River in eastern-most Europe.
- Neighbours: Russia, Turkmenistan, Uzbekistan, Kyrgyzstan, China.

Climate:
- continental, cold winters and hot summers, arid and semiarid.

Natural hazards:
- earthquakes in the south;
- mudslides around Almaty.

Macro indicators
* 2018 estimates
Surface:2,724,900km2
Population*:18.5million
Pop. density*:6.8people/km2
GDP*:133.8EUR billion
GDP/capita*:7,246.8EUR

Currency: Tenge
Code: KZT
Since: 1993


Insurance market portfolio
* 2018 estimates
TOTAL LIFE*:23%
TOTAL NON-LIFE*:77%
Overall Property*:20%
Overall Motor*:21%

Sources:



 


Statistics

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Kazakhstan 3Q2022 Market Portfolio

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Kazakhstan 3Q2022 Market Ranking


See all statistics

Latest news







KAZAKHSTAN: at the end of July the market expanded by 7.8% y-o-y

Assets of re/insurance companies increased to KZT 2 trillion(~EUR 4.09 billion) in July 2022, their growth since the beginning of the year amounted to 9.6%, mainly due to the growth of income from insurance activities and revaluation of the financial instruments in foreign currency, Allinsurance.kz reports with reference to the Agency of the Republic of Kazakhstan for Regulation and development of the financial market.








STATISTICS: KAZAKHSTAN, 1Q2022: life insurance shrunk by 17% y-o-y

The first quarter of 2022, the insurance sector of Kazakhstan ended with an increase of 6.57%, reaching KZT 231.91 billion (EUR 454.22 million). Unlike premiums, paid claims increased by more than 34% y-o-y, as the data published by the National Bank show.