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News
LIC Freedom Finance Life launches free camp on financial literacy for children
Nomad Life received a license for investment portfolio management
Mindset – “Nothing bad will happen to me for sure, but...”
Survey: Internet solutions are used by almost 100% of insurers
Russia: a single standard for the life insurance policy sale
“People will gradually realize the convenience and benefits of onl.kz”
Expert opinion
Transfers to insurance organizations from pension payments in Kazakhstan reached 25.2 billion tenge
Mandatory professional pension contributions: how do they work?
The upward trend of premiums allows LICs to increase assets and insurance reserves.
Five insurance organizations in Kazakhstan make more than 67% of all premiums
A new insurance product is becoming popular in Kazakhstan
The level of dollarization in the banking system fell by 7.4%
News
LIC Freedom Finance Life launches free camp on financial literacy for children

Freedom Finance Camp receives children at the age from 11 to 13 years. The start of training of the first group is scheduled for July 15, according to the company’s website ffin.life.

Nomad Life received a license for investment portfolio management

It is reported by the National Bank of Kazakhstan on its official website nationalbank.kz.

Mindset – “Nothing bad will happen to me for sure, but...”

The information project “Insurance: Public Expertise” prepared an infographic “Nothing bad will happen to me, but...”, korins.ru informs.

Survey: Internet solutions are used by almost 100% of insurers

These are the results of the survey of insurance companies conducted by the Expert RA rating agency in the framework of its study “Electronic technologies in insurance: total digitalization,” reports korins.ru.

Russia: a single standard for the life insurance policy sale

The possibility of introducing such a policy was discussed at the International Financial Congress in St. Petersburg, organized by the Bank of Russia, reports korins.ru.

“People will gradually realize the convenience and benefits of onl.kz”

Onl.kz portal, a new modern instrument for customers’ convenience, appeared in the Kazakhstani insurance market this year. Madi Shalgimbayev, the Board Deputy Chairman of JSC Nomad Life, shared in his interview with lifeinsurance.kz the advantages of the electronic resource, benefits of compulsory insurance of employees and employers’ liability in case of failure to conclude a CAI contract.

Transfers to insurance organizations from pension payments in Kazakhstan reached 25.2 billion tenge

This is more than for 11 months of 2018 (22.2 billion tenge), finprom.kz reports, and the amount increased by more than 3.5 times compared to the same period last year.

Mandatory professional pension contributions: how do they work?

To protect and compensate for the damage to health of people working in hazardous industries, the state has provided such a mechanism as mandatory professional pension contributions (MPPC). Lifeinsurance.kz explains in detail how it works today.

The upward trend of premiums allows LICs to increase assets and insurance reserves.

In May 2019, gross premiums of LICs have risen in annual terms by 33.6%, from 53.2 billion tenge to 71 billion tenge. Almost all companies showed positive premium dynamics.

Five insurance organizations in Kazakhstan make more than 67% of all premiums

Over the five months of 2019, insurance premiums have increased by almost 24% and amounted to 208.7 billion tenge, according to Ranking.kz. The amount of insurance premiums amounted to 208.7 billion tenge; an increase compared to last year was 23.7%.

A new insurance product is becoming popular in Kazakhstan

This is a universal life insurance product indexed by the US dollar exchange rate. As of June 1, the rate has been increased to 3.41% a year in foreign currency, and for those who count on long-term savings, the term has been increased to 15 years. Thus, Nomad Gold can be definitely considered as an alternative to a bank deposit, and it has a lot of advantages, notes Madi Shalgimbayev, the Board Deputy Chairman of Life Insurance Company Nomad Life.

The level of dollarization in the banking system fell by 7.4%

A favorable price for oil and strong Ruble have become key to success of the national currency, reports Kursiv.kz.

Universal life insurance (ULI) is the main growth driver in the market

According to the results of the 1st Q 2019, this segment has already grown almost half as much, writes kommersant.ru. As part of universal life insurance the companies offer products that allow accumulate on one of the hot topics of the summer, graduate education.

State Annuity Company shows growth

The sole shareholder of JSC LIC State Annuity Company made the decision to pay dividends as of 2018. In difficult market conditions, a life insurance company with a state participation has been demonstrating a positive financial result for several years in a row. The company has increased the state budget by almost 1 billion tenge in the form of dividends over the past three years.

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