The wage gap between men and women in the Republic of Kazakhstan has been decreasing for the last two years, writes Finprom.kz....
The problem with life insurance is that the person who pays the premium does not immediately experience the full benefits of this investment. And this prospect has a negative effect for young people, writes MoneyWise....
According to the Goldman Sachs global survey, 328 CFOs and chief investment officers by asset allocation and portfolios of their firms are interested in taking roots in the sector, ACH informs....
The population of the Republic of Kazakhstan has increased by 1.3% over the year, to 19.12 million people by early 2022. 9.84 million of them are women, 9.29 million are men. The share of women in the total population by the year beginning was 51.44%...
As of May, 2022, the annual inflation in Kazakhstan was 14%, LS reports....
Any business is integrated into society, but life insurance still depends on the well-being and high social development of this society. Therefore, life insurers invest their efforts and resources in the education and development of children, in chil...
Just because your child is under 18 doesn't mean he hasn't matured into financial services. Life insurance companies have various offers for children and their parents: special savings policies, policies that include insurance for children and parent...
Life insurance can sometimes seem complicated and confusing given the variety of insurance companies and types of programs. Insurers always elaborate about their products. However, there are also myths about life insurance....
The Mazhilis approved a draft law on the regulation and development of the insurance and securities market. Thus, the document allows Kazakhstanis to buy joint retirement annuities; for insured borrowers there is a limit on the insurer's administrati...
Insurance companies are actively launching cut-down products at a lower price, organizations informed Izvestia. This is intended to make policies more affordable for customers amid the crisis and rising prices. The companies either already note an in...
Financial Institutions’ Association of Kazakhstan prepared a report on the life insurance market development. The assets of life insurance companies (LICs) have slightly decreased to 775.6 billion tenge, which is 41% of the total assets of the enti...
The analysts of Swiss reinsurer Swiss Re Institute predict a slowdown in economic growth coupled with high inflation, reports UkrStrakhovanie....
LICs reduced the amount of premiums in certain sectors in March 2022....
As a result of the difficult pandemic period, the life insurance sector demonstrated not only a steady growth but also a rapid development of online services. Many products that previously could only have been purchased at an insurance company’s of...
Kazakhstani consumers are less optimistic compared to last year. 71% of them believe that the country is in an economic crisis. Such data was provided by commercial director of Nielsen Kazakhstan Madina Seisengaliyeva, LS reports....
Insurance companies have concluded 1.5 million contracts with clients in two months of 2022, 11.3% more than in the same period of 2021. This growth is largely due to the fears of the population for their health and life. As statistics showed, the nu...
By early March 2022, the assets of life insurance companies (LICs) reached 791.2 billion tenge. The increase compared to the same period last year amounted to 26.9%, according to Ranking.kz calculations....
The total income of Kazakhstani insurance companies in January-February this year reached 158.5 billion tenge, 42.9% more compared to the same period last year and almost 10 times higher than the figure recorded 10 years ago, RANKING.KZ reports....
According to the results of January-February this year, the volume of premiums collected by life insurance companies amounted to 47.7 billion tenge. Such gain is, first of all, associated with the growth of financial literacy of the population and pe...
