In the first quarter of this year, the net profit of life insurance companies after taxes amounted to 15.2 billion tenge in Kazakhstan, 42.8% less than in the same period of 2023. However, a year earlier, 4 out of 10 LICs recorded a net loss. But thi...
The analysts of the Swiss insurance group Swiss Re believe that the global economy remains stable creating conditions for growth and increased profitability in the insurance industry, the online publication UkrStrakhovanie reports....
Certain classes of insurance had a positive impact on premium collection...
The world has heard more and more about fairly destructive earthquakes in recent years. Thus, out of the 20 deadliest earthquakes of the 21st century, 5 occurred in 2021–2023....
According to a Greenwald Research survey, 90% of Americans participating in corporate retirement plans like 401(k) worry that these plans do not provide a reliable source of income that can withstand the financial strain of inflation. Inflation hit i...
Life insurance is an important financial tool that provides coverage and financial security for your loved ones in the event of an unforeseen situation. However, there are many myths and misconceptions surrounding this topic. Let us look at four comm...
As of June 1, 2024, the insurance sector of the Republic of Kazakhstan is represented by 24 insurance organizations, 9 of which are life insurance, the press service of the Agency of the Republic of Kazakhstan for Regulation and Development of the Fi...
The international rating agency S&P Global Ratings confirmed the long-term credit rating and financial stability rating of the life insurance company Eurasia at the level of "BBB-". The forecast is "Stable". The rating on the national scale was also ...
The net profit of life insurance companies decreased by 48.3% to 17.6 billion tenge, Kursiv writes. The ratio of net profit to average total assets (ROA) is 6.9% over the past year, ROE (the ratio of net profit to average equity) is 19%....
The Russian insurance company Sovcombank Life Insurance got more than 1 million rubles (5.3 million tenge at the exchange rate of the National Bank of the Republic of Kazakhstan) back, which had been transferred to the widow of a deceased man several...
Pension payments from the UAPF may be exempt from individual income tax (IIT) next year, LS reports....
Supplementary life insurance is suitable for people who financially support others, such as a spouse, children or relatives....
The size of average pension varies around the world depending on the state economy, government social policy and GDP level. Below, we compare pensions in different countries and learn what they depend on....
Insurance plays a significant role in people's lives providing not only financial security but also various health programs. Such initiatives help reduce medical claims, improve customer experience and save money reflecting a better understanding tha...
Life insurance is an important instrument of financial security that can help your family through difficult life situations. However, unfortunately, there are scammers who try to deceive people wishful to purchase life insurance....
The experts of LIC Freedom Life studied data from international statistical companies and found out how the level of education changed in Kazakhstan over the past 10 years, and which countries the most literate people lived in....
Life insurers can support for the future development of small and medium enterprises (SMEs) in the country. This promotes the emergence of production and technology businesses, which are currently not identified in the structure of small and medium-s...
The National Bank of Kazakhstan is developing a draft resolution that will regulate the work of the Antifraud Center, the press service of the first-tier bank reports....
