The financial strength rating of Halyk-Life was confirmed at B+ level and long-term credit rating of the issuer at bbb- level. The outlook for the ratings is "Positive", according to the press service of the life insurance company....
The external debt of Kazakhstan as of October 1, 2020 was USD 160.9 billion (or 90.7% of GDP). The specified amount is not subject to payment at the expense of the budget or population, as about 80% of the external debt falls on liabilities of privat...
The National Bank is a trustee of the UAPF's pension assets and invests them in accordance with the investment declaration. The list of financial instruments allowed for pension asset investing is being approved by the government. The principal direc...
Monetary policy issues are key to the lack of exchange rate stability. An economist Vladislav Turkin shared this opinion with LS....
At the end of the fourth quarter of 2020, the average monthly salary of Kazakhstanis showed an annual growth of 14.3% and reached 233.1 thousand tenge. The real growth adjusting for inflation was 6.5%, finprom.kz writes....
As a result of an additional infusion of 1 billion tenge by the company’s shareholder, JSC Insurance Company Eurasia, the equity of the LIC Eurasia reached 10 billion tenge, the press service of the organization reports....
The life insurance sector reported on the results of 2020....
As of this year, foreign insurers will be able to open branches in Kazakhstan under the simplified procedure. Maria Khadzhiyeva, the Deputy Chairman of the Agency for Regulation and Development of the Financial Market (ARDFM), shares how foreign comp...
Young people rarely think about life insurance, however, it helps save money for various purposes and protect interests in the event of injury. The younger you are when you conclude an endowment life insurance contract, the lower the premiums will be...
The dollarization of deposits in Kazakhstan has dropped to its lowest level since 2013, LS reports....
According to the National Bank of Kazakhstan, the total volume of insurance premiums in the whole market for the year increased by 8% and amounted to 452.5 billion tenge. In the sector of voluntary personal insurance, the volume of premiums increased...
The life insurance sector has increased the dynamics of premiums in the eleven months of 2020....
During the New Year holidays, many are trying to find an easy way to get rid of the hangover syndrome. The experts of the Indian edition of Times Now have made a list of food and drinks that help in solving the problem, reports Paragraph....
In the US, the regulatory goals of the insurance industry are well developed and can vary significantly depending on social and economic priorities. US companies should consider climate change like any other threat to business, according to NatLawRev...
The current account of balance of payments formed with a deficit and amounted to USD 4.1 billion, compared with a deficit of USD 5.1 billion for 9 months of 2019, the press service of the first tier bank informed....
The average monthly salary of Kazakhstani people in 2021 will exceed 210 thousand tenge. This LS forecast was announced by the Center for Development of Human Resources....
Vladimir Chernikov, General Director of Ingosstrakh-Life, told the Insurance Today website what transformations are in for the life insurance products, the main prerequisites for their changes and main steps along this path....
The worst disaster a family can face is death! Losing the relative (husband, wife, parents, or children) is a terrible emotional loss. In addition to emotional loss, the family also faces huge financial problems if the breadwinner dies, writes Financ...
In January-October 2020, LIC gross premiums increased by 14.4% (year-on-year) reaching 179.4 billion tenge. It is notable that by the end of ten months of 2020, the total premium leader in the LIC market has changed. LIC Nomad Life collected 54,792 m...
LICs increased the dynamics of premiums in the first three quarters of 2020....
