At the end of the first quarter of 2025, the insurance sector of Kazakhstan grew by 20.54%, reaching KZT 441.83 billion (EUR 815.07 million). Both life and non-life insurance recorded double-digit growth rates (in tenge), according to data published by the National Bank.

The share of life insurance in the market portfolio almost reached 33%, while the share of non-life insurance decreased by more than 3% y-o-y.

Among the insurance classes, it is worth noting noticeable growth of insurance against accidents, which grew by almost 208% in the first quarter. At the same time, some insurance classes demonstrated a y-o-y decrease, such as property insurance, Motor Hull, GTPL, financial losses and compulsory insurance of workers against accidents.

Insurers' paid claims increased by 35.94%, reaching KZT 91.43 billion (EUR 168.68 million). Almost all insurance classes recorded a significant increase of paid claims, especially GTPL (+277.84%), property insurance (+60.96%), life insurance (+53.12%).

Of the 25 insurers active on the market as of the end of the first quarter of 2025, EURASIA ranked first in terms of GWP (KZT 68.90 billion). While HALYK-Life, which was the leader a year earlier, moved to fourth place. Freedom Life and NOMAD LIFE ranked second and third, respectively.

Access xprimm.com and download the latest Kazakhstan insurance market statistics for 1Q2025 in EUR and KZT.