Profit of insurance sector for two months amounted to 10.3 billion tenge increasing by 66.8% compared with the same period last year, reports dknews.kz....
The AM Best rating agency forecasts in the long term an operational environment improvement for Kazakhstani insurers against a reduction in the number of market players....
Organizations reported on the results as of February, 2019...
In March 2019, AM Best confirmed a financial strength rating of Halyk-Life JSC at the level of B+ (Good) and a long-term emitent credit rating at the level of “bbb-”. The forecast on these credit ratings is stable, the press service of Halyk-Life...
A new player appeared on the domestic insurance market: on March 4, 2019, the National Bank of the Republic of Kazakhstan issued a license for insurance and reinsurance activities in the life insurance industry to JSC LIC Eurasia, which is a subsidia...
Life insurance companies (LICs) begin a year on a positive note. In January, insurance premiums increased by 34% (by 3.1 billion tenge) to 11.9 billion tenge compared to the same period of 2018. The insurance payments increased by only 0.3%, from 1.4...
By the end of January 2019, the assets of insurance organizations amounted to 1.1 trillion tenge with a 15.6% increase over the year. A year earlier, the amount of assets had increased by 6.9% over the year and amounted to 933.9 billion tenge. The ma...
The company is restarting a full work as of February 1, reports kursiv.kz....
The founder of the Freedom Finance group of companies headed the board of directors of two insurance companies tending to develop voluntary types of insurance and modernize compulsory ones....
Total insurance premiums over the past year have increased by 3.9% to 384.8 billion tenge, according to reports of the National Bank, published on the regulator’s website. Life insurance companies (LICs) added to payout dynamics amounting to 126.7 ...
For the last 3 years, the volume of life insurance market has been steadily increasing by 23-24%, kursiv.kz reports....
For 11 months of 2018, the assets of insurance companies have increased by 8.6%, reports afk.kz....
Insurers and financiers believe that it is necessary to stimulate the life insurance development in Kazakhstan, reports kursiv.kz....
On the New Year eve the editors of Lifeinsurance.kz conducted a survey among the leaders of Kazakhstani life insurance companies about their expectations and predictions in the market in 2019. There are enough reasons for the year to be eventful and ...
On December 26, at the meeting of the State Commission for Modernization of the Economy of the Republic of Kazakhstan, the decision to exclude JSC Life Insurance Company State Annuity Company from the list of objects to be privatized was made....
It is important for life insurance companies to interact with state databases in order to facilitate their social mission in the life of the country, payments to socially vulnerable groups of the population, namely, those who have entered into retire...
This was stated by Zhanat Kurmanov, the Deputy Chairman of the National Bank of Kazakhstan, during his speech on the site of the International Technological Park of IT start-ups “Astana Hub”, the regulator’s press service informs....
Its authors are Forbes Kazakhstan with the assistance of KPMG in Kazakhstan and Central Asia. Forbes notes that this rating is a purely journalistic and expert assessment study and cannot be used as official information or a document....
According to data as of 2017, the average life expectancy from birth is almost 73 years: 69 years among men, 77 years among women, the Unified Pension Savings Fund (UPSF) press office informs....
For the State Annuity Company (SAC) privatization it is necessary to choose the right time, the key factor of which is the growth of the entire insurance market, believes Yerlan Burabayev, the managing director of the Center for the Development of St...
