Kazakhstan
KAZAKHSTAN: Insurance market development program until 2030 to be prepared
The Agency for Regulation and Development of the Financial Market has developed Key priorities for Supervisory Policy in the Insurance Sector for 2026 to ensure effectiveness of the supervisory process and increase transparency and predictability of regulator actions.
10 March 2026KAZAKHSTAN: Eurasia insurance company ranks first in terms of assets, equity, GWP, paid claims and profit in non-life insurance
As of the end of 2025, Eurasia insurance company maintained its long-standing leadership in the Kazakhstan non-life insurance market. Last year, the company celebrated its 30th anniversary, continued to expand its inward international reinsurance portfolio, and earned almost half of all market profits, Forbes wrote.
3 March 2026KAZAKHSTAN: Moody's Ratings assigns positive outlook to non-life insurance sector
Moody's Ratings has assigned a positive outlook to Kazakhstan's non-life insurance sector, reflecting favorable macroeconomic conditions, a strengthening regulatory environment, as well as high overall profitability, significant capitalization, and a high-quality investment portfolio of insurers, according to Allinsurance.kz.
23 February 2026KAZAKHSTAN: Insurance market assets rise 25% in 2025
The insurance sector's performance in 2025 demonstrates steady growth amid an expanding premium volume and investment activity. Last year, the insurance market assets increased by 25.1% reaching KZT 3.9 trillion (~EUR 6.59 billion), according to Allinsurance.kz.
23 February 2026KAZAKHSTAN: Insurance and stock market development programs to be prepared by September 1
During a recent government meeting, President Kassym-Jomart Tokayev instructed the preparation of insurance and stock market development programs, according to the business information center Kapital.kz.
18 February 2026STATISTICS: KAZAKHSTAN, FY2025: Life insurance shows strong growth
Kazakhstan's insurance sector grew by 15.75% at the end of 2025, reaching KZT 1.94 trillion (EUR 3.28 billion), according to data published by the National Bank. The market performance in euro was also positive, but only 6.90%.
18 February 2026KAZAKHSTAN: Non-life insurance profitability falls to 17.8% in 2025 driven by rising paid claims
At the end of 2025, non-life insurance assets grew by 15.2% (vs 5.2% in 2024), according to a review of the Kazakhstan non-life insurance market for 2025 prepared by the AFK analytical center (Association of Financiers of Kazakhstan).
9 February 2026KAZAKHSTAN: The market rises 9.8% from January to November 2025, while the number of contracts remains almost flat
From January to November 2025, GWP in Kazakhstan amounted to KZT 1.5 trillion (~EUR 2.53 billion), which is 9.8% more y-o-y, according to the Agency of the Republic of Kazakhstan for Regulation and Development of Financial Market.
19 January 2026KAZAKHSTAN: Voluntary personal insurance supported market growth from January to October
The insurance market of Kazakhstan from January to October 2025 amounted to KZT 1.3 trillion (~EUR 2.13 billion), which is 11.2% more y-o-y, Allinsurance.kz writes, citing a report from the Association of Financiers of Kazakhstan.
11 December 2025KAZAKHSTAN: Life insurers' net profit nearly doubled in 9M2025
The life insurance sector continued to accelerate, driven by robust demand for voluntary personal insurance products, rising wages and employment, active digitalization of the industry, and overall improved insurance literacy.
3 December 2025KAZAKHSTAN: Igor Yakovenko re-elected as insurance ombudsman
On November 7, 2025, by decision of the Commission of the Agency of the Republic of Kazakhstan for Regulation and Development of Financial Market, Igor Yakovenko was re-elected as insurance ombudsman for a three-year term, the Agency reports.
25 November 2025KAZAKHSTAN: Life insurance is growing rapidly, yet penetration remains very low
Life insurance in Kazakhstan is growing rapidly, but in terms of population coverage and economic share, the country still lags significantly behind developed and even many developing countries, as insurance market data and analysis by the National Bank show, Finratings.kz reports.
10 November 2025STATISTICS: KAZAKHSTAN, 3Q2025: Claims growth more than doubles premium growth
Kazakhstan's insurance sector grew by 15.70% in the first three quarters of 2025, reaching KZT 1.4 trillion, according to data published by the National Bank. Notably, due to exchange rate fluctuations compared to the same period last year, the market result in euro is negative (-3.74%/EUR 2.17 billion).
10 November 2025KAZAKHSTAN: S&P upgrades Nomad Life to BBB- with Positive Outlook
S&P Global Ratings has upgraded Nomad Life, Kazakhstan's largest life insurance company, to BBB- with a positive outlook. The company has thus achieved the same level as the sovereign rating of the Republic of Kazakhstan (BBB-/Positive), the insurer reports.
4 November 2025KAZAKHSTAN: S&P Global Ratings upgrades Freedom Life to BB+, outlook Stable
S&P Global Ratings has upgraded the long-term credit rating and financial strength rating of Freedom Life, a top three insurer in Kazakhstan, from BB to BB+. The outlook is stable, according to the agency's report. S&P has also upgraded the insurer's national scale rating from kzAA- to kzAA.
13 October 2025KAZAKHSTAN: By the end of August, the market rises by almost 15% y-o-y
From the beginning of 2025 to the end of August, GWP in Kazakhstan amounted to KZT 1.1 trillion (~EUR 1.75 billion), which is 14.9% more y-o-y, according to the Agency of the Republic of Kazakhstan for Regulation and Development of Financial Market.
13 October 2025KAZAKHSTAN: MTPL payments rise by almost 12% in the first half of the year
In the first half of 2025, Kazakhstani insurance companies made over 74,000 compulsory motor insurance (MTPL) payments, which is 11.6% more y-o-y, Allinsurance.kz reports citing the press service of the Eurasia insurance company.
7 October 2025KAZAKHSTAN: Halyk Insurance signs memorandum of understanding with one of China's largest insurance companies
Halyk Insurance, one of Kazakhstan's top five insurance companies, and China Pacific Property Insurance (CPPIC), one of China's largest insurance companies, have agreed to a partnership by signing a memorandum of understanding, kapital.kz reports.
23 September 2025KAZAKHSTAN: Insurance sector assets rise by 14.4% from January to July
Assets of the insurance sector in Kazakhstan from January to July grew by 14.4% to KZT 3.6 trillion (~EUR 5.84 billion), mainly as a result of growth in income from insurance activities, Allinsurance.kz writes with reference to the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market.
15 September 2025KAZAKHSTAN: AM Best improves Eurasia’s Rating Outlook to Positive
AM Best has improved the rating outlook of Eurasia insurance company from Stable to Positive, confirming its financial strength rating at B++ and the long-term credit rating at bbb+. Thus, Eurasia retains the highest rating among all insurance companies in Kazakhstan according to AM Best, the insurer reports.
15 September 2025
