Minister of National Economy Alibek Kuantyrov submitted to the government clarifications on the forecast of economic indicators and budget parameters for 2022, LS reports....
Life insurance is a complex and important type of insurance coverage. Unlike other financial products, a life insurance policy can accompany a person for 30-50 years. Therefore, it is very important to purchase insurance, taking into account many asp...
According to the report prepared by Financial Institutions’ Association of Kazakhstan (FIAK), a very low volume of transfers of the UAPF funds to private management companies (0.2% of the total) indicates the withdrawal of pension savings from the ...
The fall in premiums among LICs slowed down in February 2022....
By early February of this year, the country's gross international reserves amounted to $33.4 billion, 13.8% more than in January 2020, the last almost “pre-covid crisis” month in the world. Thus, despite the crisis associated with the COVID-19 pa...
The State Bank of India informs in its Ecowrap report that one in three life insurance policies in India are sold to women, Business News India reports....
Kazakhstani life insurers increased their fees by 71.3% last year. The amount of collected premiums reached 392.1 billion tenge in absolute terms, the Kursiv weekly reports....
According to statistics, women buy life insurance policies less frequently than men. The Zee Business article is a guide for women who decide to purchase a life insurance policy....
According to the regular act published by the Insurance Authority (IA) of Hong Kong, online distribution of all life insurance products to the public is facilitated, writes Insurance Asia Awards....
According to a survey conducted by the Life Insurance Board (LIB), the majority of Indians (about 91% of respondents) consider the purchase of a life insurance policy a necessity, but only 70% buy such insurance policies, writes Business Standard....
LICs reduced the dynamics of premiums for certain market segments in January 2022....
The main risk of keeping money at home is its depreciation. The experts interviewed by the Prime agency share where it is safer to keep savings....
The premiums in the life insurance market in 2021 increased to 392.1 billion tenge, with unit-linked product. Last year turned out to be extremely successful for the life insurance market. The annual dynamics of total LIC premiums of 66% versus 16% i...
Under the geopolitical situation that has developed around Ukraine, financial markets are experiencing serious volatility. The situation had a particularly negative impact on the foreign exchange market, writes Finprom.kz....
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 ...
