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....
Kommesk-Umir registered a subsidiary JSC LIC Centras Kommesk Life in Justice Department in December 2019. The license is expected in the near future....
LICs showed an increase in premiums and net profit at 2019 year-end and changed the structure of premiums as well....
The insurance market representatives met with management of the Agency for the Financial Market Regulation and Development in Almaty. The regulator shared a detailed plan for insurance development in the Republic of Kazakhstan, the press service of I...
The network publication LIFE INSURANCE, Information and Analytical Website on Life Insurance, reminded about the main events and trends of 2019. Therefore, the editorial office talked with top managers of the two largest LICs in the country. In addit...
As of the beginning of 2019, 29 insurers have worked in the market, including 6 life insurers. According to the National Bank statistic data, by November 1 there have been 27 of them, but the number of life insurance companies has grown to 7....
The National Bank of the Republic of Kazakhstan gave authorization to Kommesk-Omir Insurance Company to create a subsidiary JSC LIC Centras Kommesk Life. This was reported by the correspondent of the Kapital.kz business information center....
