Kazakhstan
KAZAKHSTAN: Kazakhstan to expand Islamic insurance opportunities
Kazakhstan plans to create additional conditions for the development of Islamic insurance—known as “takaful”. This initiative is part of the Insurance Market Development Program through 2030, according to Forbes, citing the press service of the Agency for Regulation and Development of the Financial Market.
29 September 2026KAZAKHSTAN: Eurasia becomes the first insurance company in Kazakhstan to receive an A− rating from AM Best
AM Best has upgraded the Financial Strength Rating to A- (Excellent) from B++ (Good) and the Long-Term Issuer Credit Rating to “a-” (Excellent) from “bbb+” (Good) of Eurasia Insurance Company JSC (Eurasia) (Kazakhstan). The outlook of these Credit Ratings (ratings) has been revised to stable from positive.
21 September 2026KAZAKHSTAN: Draft law on the insurance market developed
The Agency for Regulation and Development of the Financial Market, in collaboration with relevant government bodies, has developed draft laws of the Republic of Kazakhstan "On the insurance market" and "On amendments to certain laws of the Republic of Kazakhstan on regulation and development of the insurance market", reports Allinsurance.kz.
21 September 2026KAZAKHSTAN: S&P Global Ratings upgrades Eurasia Insurance to 'BBB+' and Eurasia Life to 'BBB'. Outlook stable
S&P Global Ratings raised its long-term issuer credit and insurer financial strength ratings on Eurasia Insurance Co. to ‘BBB+’ from ‘BBB’. Eurasia Insurance Company is the leading insurer in the market of Kazakhstan.
14 September 2026KAZAKHSTAN: Life insurance penetration in the country's economy stands at approximately 1% of GDP but holds significant potential for further growth
In the first seven months of 2026, total GWP in the Kazakh market reached KZT 1.1 trillion (~EUR 2,084 million), a 15.77% increase y-o-y.
14 September 2026KAZAKHSTAN: Insurance market development program through 2030 to require comprehensive restructuring of insurance ecosystem
The insurance market should be viewed not merely as a mechanism for risk protection, but also as a source of long-term capital and an institution fostering shared responsibility among the state, citizens, and businesses, stated Nurzhan Tursunkhanov, Deputy Chairman of the Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan.
1 September 2026KAZAKHSTAN: Annuities and corporate products played a key role in life insurance in the first half of the year
In the first half of 2026, the life insurance market in Kazakhstan continued to expand significantly faster than non-life: life insurers' assets grew by 19.9%, increasing their share of total insurance sector assets from 57% to 61%, according to a review by the analytical center of the Association of Financiers of Kazakhstan (AFK).
27 August 2026KAZAKHSTAN: Conference Insurance in Central Asia 2026 to take place in September; focus on regional markets in a changing risk environment
The XVII International Conference “Insurance in Central Asia”, scheduled for 23–24 September 2026 in Almaty, will provide a professional platform for discussing the development of insurance and reinsurance across Central Asia.
20 August 2026KAZAKHSTAN: Non-life insurance sector transitions to a more moderate growth model in the first half of the year
From January to June 2026, Kazakhstan's non-life insurance market maintained positive momentum, although the growth rate slowed significantly, kapital.kz reports citing a review by the analytical center of the Association of Financiers of Kazakhstan (AFK).
17 August 2026KAZAKHSTAN: Eurasia signs Memorandum of understanding with one of China's largest insurance groups
Eurasia Insurance Company has expanded its international cooperation with China by signing a memorandum of understanding with China Pacific Insurance Company (CPIC), one of the country's largest insurance groups, kapital.kz reports.
17 August 2026STATISTICS: KAZAKHSTAN, 1H2026: Life insurance growth exceeds 50%
Kazakhstan's insurance sector grew by 17.66% in the first half of 2026, reaching KZT 1,066.75 billion (EUR 1,925.44 million), according to data published by the National Bank. Total paid claims increased by 24.62%, reaching KZT 259.13 billion (EUR 467.72 million).
11 August 2026KAZAKHSTAN: The new development program and a law could become the largest insurance market reform in recent years
The Agency for Regulation and Development of the Financial Market, together with the National Bank, the professional community, and international consultants, is preparing an Insurance Market Development Program until 2030 and a draft of a new Law on Insurance.
22 June 2026KAZAKHSTAN: Insurance market losses amounted to KZT 2.1 billion in April
Insurance sector assets increased by 5.8% from January to April of this year, to KZT 4.1 trillion (~EUR 7.59 billion), primarily driven by an increase in securities. As of May 1, 2026, securities accounted for the largest share of assets – 73.7% (KZT 3.0 trillion), kapital.kz writes, citing a report from the Agency for Regulation and Development of the Financial Market.
17 June 2026KAZAKHSTAN: Despite GWP decline and rise in paid claims, non-life insurers' net profit grows significantly in 1Q
In 1Q2026s, non-life insurers' assets decreased by 0.7% vs a 2.8% increase in the same period last year. They now account for 41% of total insurance market assets, vs 46% a year earlier, according to kapital.kz.
28 May 2026KAZAKHSTAN: Kommesk-Omir completes rebranding and becomes Centras Life
Kommesk-Omir, a top-20 insurer in Kazakhstan, officially announced completion of its rebranding and now operates under the new name Centras Life, Forbes reports, effective March 17, 2026.
12 May 2026STATISTICS: KAZAKHSTAN, 1Q2026: Life insurance sees double-digit growth
Kazakhstan's insurance sector grew by 7.12% in the first quarter of 2026, reaching KZT 473.27 billion (EUR 855.46 million), according to data published by the National Bank. Total paid claims rose by almost 33%, to KZT 121.40 billion (EUR 219.44 million).
12 May 2026KAZAKHSTAN: Paid claims rise 33% in January-February
As of February 2026, Kazakhstan's insurance assets increased by 1.1% to KZT 4.0 trillion (~EUR 6.84 billion), primarily due to an increase in securities.
20 April 2026KAZAKHSTAN: 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 2026
