Americans purchased $3.3 trillion worth of new life insurance policies in 2020, according to the American Council of Life Insurers (ACLI). Thus, the total amount of life insurance in the United States is about 20.4 trillion dollars, according to US N...
Ramai Kurbangaliyev, the Sales Department Director of Nomad Life, has told inbusiness.kz correspondent about what is happening in the life insurance market and whether Kazakhstanis are more interested in program today....
The Chairman of the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market (ARDFM) Madina Abylkassymova held a meeting with insurance organizations discussing the results of the supervisory policy in 2021 and the ...
The Kazakhstani life insurance market continues to grow. As of end of last year, the life insurance companies’ premiums reached 392.1 billion tenge, 71.3% more than in the previous year. The level of penetration of insurance services, however, is s...
The average life insurance fees worldwide have been 3.3-3.5% of GDP in the past five years. According to S&P Global Ratings, the level of penetration of life insurance services in Kazakhstan in 2021 was quite low, less than 1%. Why this type of insur...
The life insurance industry has been leading in the insurance sector for the second year in a row. Thus, there was an almost two-fold increase in 2021 to 158.61 billion tenge compared to January-November 2020, which happened to be the highest figure ...
Life insurance has always been based on data analysis. Accident statistics and the insured's personal information group people into different risk categories and create payout funds. Digitization of the industry and Big Data help computerize many man...
Experts anticipate that the consequences of the coronavirus pandemic and the emergence of new strains can literally lead to the collapse of the global economy....
In January-November 2021, life insurance premiums amounted to 345.7 billion tenge, including unit-linked....
The last year has shown that despite the government support of many countries, people more often rely on their own resources and savings. The Financial Express article is giving recommendations on capital accumulation....
According to the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market (ARDFM), the assets of the insurance market have grown by 76% over the past three years and amounted to 1.7 trillion tenge or 2.3% of GDP by ...
The Agency of the Republic of Kazakhstan for the Regulation and Development of the Financial Market (ARDFM) developed the rules for endowment investment life insurance Unit-Linked almost two years ago. The product combines all the positive properties...
The Covid pandemic has drawn attention of many families to financial security. Interest in life insurance skyrocketed in 2021 as people looked for ways to ensure financial stability during challenging times. Term life insurance always popular for its...
The Listvyazhnaya mine employees, where the accident took place, as well as rescuers who eliminated the consequences of fumigation, could count on insurance payments under the law on compulsory liability insurance for the operation of hazardous facil...
In January-October 2021, the life insurance premiums exceeded 305 billion tenge....
Digitalization and fintech are now undoubtedly the areas that largely determine the financial market’s further development, including insurance. The impact of IT technologies on insurers was discussed at the IX Congress of Kazakhstani financiers....
Kursiv Research compiled a ranking of life insurance companies (LIC) for 2020. It turned out the life insurance industry has been growing faster than general insurance in the pandemic year....
In January-September 2021, almost all segments of the life insurance market showed a double-digit increase in premiums...
Deputy Chairman of the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market (ARDFM) Mariya Khadzhiyeva told the Kapital.kz Business Information Center about the changes in the work of insurance companies....
The government has not shown interest in reforms in the life insurance market for a long time. The situation changed several years ago: the Agency of the Republic of Kazakhstan on Regulation and Supervision of Financial Market and Financial Organizat...
