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:



 




















KAZAKHSTAN: in 2022, the insurance sector remained stable and saw growth in all key indicators

As of January 1, 2023, the insurance sector's assets amounted to KZT 2.07 trillion (~EUR 4.18 billion), which is 13.01% more y-o-y. Asset-to-GDP ratio remains at 2.04%. Liabilities amounted to KZT 1.29 trillion, having increased by 18.76% since the beginning of 2022, as was noted by the participants of the meeting of the financial regulator with market representatives on February 21, Allinsurance.kz wrote.