Fraudsters are constantly finding new ways to steal money or personal information in order to gain access to bank accounts. Scammers skillfully use techniques that persuade the victim to voluntarily disclose information that may become the key to the...
In early 2000s, bank deposits aroused distrust among Kazakhstanis. The reputation of deposits was tainted by the Soviet practice of ruble denomination (when 10 rubles depreciated to one ruble overnight, and deposits were recalculated at this rate and...
In the first half of 2023, all key indicators of the life insurance market showed growth against the backdrop of continued interest in LIC products. LIC assets increased by 11.9% to 1.03 trillion tenge and formed 43.6% of total assets of the entire i...
Last year for the life insurance market was not easy because of competition. Plus, the growth in premiums on life insurance policies in the market was insignificant, 5.7%. Zhanar Zhubaniyazova, the Board Chairman of LIC Halyk-Life, suggests that this...
The Minister of Labor and Social Protection of Population of the Republic of Kazakhstan Tamara Duisenova, following the results of activities in 2022 and tasks for 2023, told what principles the insurance system in Kazakhstan will develop on at a mee...
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 Khan...
December is always the end of a difficult year, when we want a holiday more than usual. However, New Year's souvenirs and discounts are no longer encouraging, as before. High inflation forces Kazakhstanis to think about conscious consumption and a se...
Gulmira Ubegaliyeva, the Board Chairman of Eurasia Life Insurance Company (LIC) wrote an op-ed for Forbes (Kazakhstan)....
Mariya Khadzhiyeva, the Board Deputy Chairman of the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market, told how the insurance market was developing and what legislative changes were expected by insurance com...
Why is reinsurance so in demand in property insurance, and why is it often considered optional in life insurance? Is this correct and what should a customer of a life insurance company need to know about reinsurance? Natalya Tarasova, Managing Direct...
Kazakhstan Stock Exchange has been conducting informal conversations with financial experts for several years. This time, the guest of KASE Talks is the Chairman of the Financial Institutions’ Association of Kazakhstan Yelena Bakhmutova. The speak...
Several basic types of pension systems have been formed in the world: PAYG (when pensions are paid to the current generation of pensioners from the taxes of people currently working), Defined Contribution (when people take care of their future pensio...
The life insurance market in Kazakhstan is expected to grow at high rates thanks to the economic recovery and regulator's initiatives aimed at developing the life insurance market. This forecast was announced by S&P Global Ratings representatives dur...
Due to low interest rates on deposits, Kazakhstanis began to size up endowment life insurance, as it is much more beneficial to conclude an agreement with a life insurance company and start getting an additional passive income than to keep money in a...
Life Insurance Company Nomad Life offers a product that allows save up for the purchase of housing, education for children or future passive income in hard currency. Investment areas (stock indices) offered when purchasing the ZOLOTO NOMADOV Invest p...
Thanks to changes in legislation, the life insurance companies (LICs) can significantly expand the range of their services this year. Thus, in particular, the age of potential clients for concluding a deferred retirement annuity agreement was reduced...
The Deputy Chairman of the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market (ARDFM) Maria Khadzhiyeva spoke about the reduction in the cost of retirement annuities. The fact of the matter is that the law on ...
Universal life insurance (endowment) has become a driver in its segment, it helps form savings for a long time and therefore is and will be attracting more and more consumers, said Sergey Perelygin, CEO of PPF Life Insurance, to PRIME News Agency....
Pavel Ananyev, Vice-president, Director of retail sales at JSC IC MetLife, wrote a column for the website Insurance Today....
A law allowing life insurance companies to offer their customers a highly profitable product unit-linked or investment insurance has come into operation in Kazakhstan. While the deposit rates in Europe tend to zero, the average share of unit-linked c...
