Life insurance is protection in case of loss of a breadwinner. There are often situations when one of the family members earns most of the family income. And if he passes, the financial situation of the family worsens. To get protected from such a po...
As of April 1, UAPF has completed 1.3 million applications for the use of pension savings to improve housing conditions. More than 3.1 trillion tenge were transferred to the special accounts of Kazakhstanis opened in banks-authorized operators. The a...
Life insurance provides financial support to the beneficiary in the event of untimely decease of the insured person. It is an important financial reason for all responsible parents, both married and single, according to Black Enterprise....
The prices for many financial instruments drop significantly during the crisis, as one group of investors after assessing potential risks or being overcome with panic, sells assets in order to fix their losses or reduce the future probable loss. Anot...
The gross outflow of direct investments of Kazakhstani investors abroad in January-September 2021 amounted to $1.5 billion, which already exceeded the figure for the entire 2020, Ranking.kz reports....
The past year was marked with the recovery in the consumer lending dynamics. The growth rate of the consumer loan portfolio accelerated from 4.3% in 2020 to 40.0% in 2021, according to a Halyk Finance report....
JP Morgan analysts still believe that overall upward tariff trend in P&C sector should remain positive for reinsurers in 2022 providing attractive growth opportunities and outpacing inflation losses, Forinsurer informs....
In response to an official request from LS, the Agency for Regulation of the Financial Market has noted that a bill on control over such organizations is under consideration in the Majilis of the Parliament....
The Freedom Finance Camp project was created with the support of the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market with concern for the future. Its main goal is to help the younger generation determine th...
Berenberg analysts believed the declining efficiency trend among reinsurers grew into reversal following a successful run of contract renewals in January 2022, when rates had increased by more than 10% in many cases for natural disaster risks, accord...
The deal implies that the MetLife subsidiary will provide reinsurance for the longevity risk associated with $3.5 billion in pension obligations, according to Forinshurer....
During the terrorist attack on Kazakhstan, all financial organizations in the country had to suspend their work. People in search of profit smashed the offices of banks and insurance companies, tried to rob ATMs. The financial organizations are now t...
Nearly 3.4 million people have been infected with coronavirus worldwide over the past day, which is the highest daily rate for the entire time of the pandemic. These data was published by the World Health Organization (WHO) on Wednesday evening, TASS...
ULIP, investment plans in the legal cover of life insurance, are very convenient for individuals for long-term savings. These life insurance policies allow invest in various assets in the global financial markets, writes the Times of India....
According to the US government, a middle-class family spends more than $200,000 on a child under 18, excluding a college fee. People do not like to think about the risks, but it is term life insurance that can protect the child if one of the parents ...
Almost 22% of Russians would like to give their children a paid education, but only one in 10 of those is financially able to do so. This conclusion was published in the poll by TASS....
In the 3rd Q 2021, the nominal average monthly wage in the state reached 243.7 thousand tenge, 19.3% more than a year earlier. The real growth in the purchasing power of wages was 9.8%. For comparison: the average salary in the 3rd Q 2020 was 204.3 t...
Insurance, investment, and emergency savings are three pillars of any sound financial plan. People who do not understand the stock market opt for Unit Linked Insurance Plans (ULIPs)....
Despite the fact that almost every American citizen over the age of 62 today receives stable payments from the social security fund after retirement, these funds are often enough only for food and paying bills. And those among the private sector work...
The European Commission's initiative to reduce capital requirements for insurers Solvency II could lead to increased investment in environmental projects and assets that comply with environmental, social and corporate governance (ESG) principles. To ...
