The economic consequences of the pandemic will have a greater impact on the performance of Kazakhstani insurance companies than the accompanying insurance risks, LS reports. The S&P analysts share their opinion in the new agency’s report....
The outbreak of the COVID-19 pandemic has claimed the lives of many people around the world. As a result, interest in service of life insurance companies has grown many times....
In 2018, for the first time in many years, an insurance market reform took place in Kazakhstan. Insurers have built policy sales over the Internet, company capitalization has grown, and the life insurance sector has become more attractive to investor...
There are 28 insurance companies in the Kazakhstani market; eight of them are life insurance companies. Two new life insurance companies appeared in the domestic market and three general insurance organizations left it in 2019....
Due to the coronavirus pandemic and quarantine in most cities of the country, the Agency of the Republic of Kazakhstan on Regulation and Supervision of Financial Market and Financial Organizations introduced more favorable requirements to insurers. T...
At year 2019-end, the Board of Directors of Halyk-Life JSC decided to distribute profit from investment activities in the amount of 162 million tenge among customers under endowment contracts with participation in profit....
According to estimates of the world's largest insurance market Lloyd`s of London, the loss of insurance companies due to the pandemic of the coronavirus COVID-19 reached $203 billion, Kommersant writes....
The Coronavirus, oil price collapse, falling Tenge and falling markets do not scare Kazakhstani life insurers. Despite the fact the companies’ head offices are closed, LICs continue to work in the remote mode....
A high amount of premiums in February supported the companies’ capitalization....
The Financial Supervision Agency has developed proposals for Kazakhstani people to invest their own savings in the UAPF. Deputy Chairman of the Agency for Financial Market Regulation and Development of the Republic of Kazakhstan (ARRFR) told Kursiv.k...
Pension insurance or retirement annuity is an actual way of early retirement savings. Men at the age of 55+ and women - 51.5+ with sufficient pension savings can conclude a retirement annuity agreement with a life insurance company, the “Capital”...
The world insurance companies while preparing to cover damage caused by coronavirus this week have also faced a fall in commodity and stock markets, Reuters writes....
The main growth factor for Kazakhstani insurance market in future will be the growth of life insurance sector, analysts of the international rating agency S&P Global Ratings say....
An economist Dauren Nurmukhambetov prepared an op-ed for the Kapital.kz business information center....
Chinese doctors have studied more than 70 thousand cases of Covid-19, and concluded that a new strain of coronavirus rarely affects children and adolescents. The age categories from zero to ten years and from ten to 19 account for one percent of infe...
Life insurance is leading in the premium structure of developed countries where more than 50% of the market falls on life insurance companies’ (LIC) products, writes Yekaterina Tolstova, Deputy Director of Financial Institutions Ratings of S&P Glob...
The international rating agency AM Best affirmed JSC Halyk-Life with a long-term credit rating of BBB- and a financial stability rating of B+ (Good), and also changed its rating outlook from Stable to Positive....
As of January 1, 2019, six life insurance companies have been worked in Kazakhstan; now there are nine organizations on the market. Several industrial and financial groups created LICs....
