The correspondent of the Kapital.kz business information center has prepared an overview on innovations in the life insurance sector as of 2022, what is happening in this market now and what is expected in the new year.

60 insured events have occurred with the company's clients for two holidays on December 31 and January 1. About 40% of insured events are injuries, burns and fractures, the company's press service informs.

Tokio Marine, the largest property and casualty insurance group in Japan, is moving its services and operations into the metaverse.

Legislative amendments allowing insurance organizations to participate in the State Educational Savings System (SES) came into force last September, the press service of the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market reports.

The specialists of LIC Freedom Life have conducted a social survey among Kazakhstanis to learn who is interested in endowment life insurance and why endowment is considered the most trustworthy financial instrument.

Insurance premiums are growing, retained earnings of LICs have grown by 35%.Insurance premiums are growing, retained earnings of LICs have grown by 35%.

The life insurance company Halyk-Life was the first among all Kazakhstani LICs to receive a license to participate in the state educational savings system (SESS), the organization’s press service reports.

Most countries worldwide have free universal secondary education. However, no one can guarantee free higher education. The number of free places in the prestigious world universities is small and the competition is growing every year. How parents solve the problem of paying for their children's education in different countries will be discussed here.

A law that allows life insurance companies (LICs) to offer customers a highly profitable product, unit-linked or investment insurance, has been in force for several years in Kazakhstan. In Europe, where deposit rates tend to zero, the average share of unit-linked deposits is between 25 and 80%. LIC Nomad Life remains the only life insurance company offering a Unit-linked investment life insurance product.

In addition to the original goal, which is providing a financial cushion for loved ones in case something happens to you, life insurance has other options, such as to save up for planned expenses, for example, children’s education at a university or a pension.

The number of operating organizations of higher and postgraduate education in the Republic of Kazakhstan this academic year is 116, 105 of which train undergraduates, 73 organizations train doctoral students and 18 organizations train residency students, informs the press service of the Bureau of National Statistics of the Agency for Strategic Planning and Reforms of the Republic of Kazakhstan.

The leaders of life insurance market discuss industry trends and how companies can succeed by reviewing the current situation.

According to the results of January-September of this year, the number of deaths in Kazakhstan amounted to 101.7 thousand people, which were 26.1% less than a year earlier, Ranking.kz writes.

It has been a difficult year for life insurance companies. The January events and the geopolitical situation had a negative impact on the market. The amendments to legislative acts have been adopted, which should give impetus to the market. Oleg Khanin, the Board Chairman of LIC Kommesk-Omir, tells how the company is ending the year.