As of October 29, 2018, the life insurance company Asia Life JSC has been renamed Freedom Finance Life Insurance Company JSC and joined the Freedom Holding Corp company group, the company’s website reports....
In the meantime, insurance organizations have their hands tied to both the investigation and participation in the punishment for such fraud, reports Zakon.kz....
The tender is scheduled for December 28, 2018, minfin.gov.kz has reported today. Starting price is 6,643,907,000 tenge....
The decision to issue a permit for readjustment of Kazkommerts-Life JSC in the form of merging Halyk-Life JSC was made by the National Bank of Kazakhstan on September 27 this year....
JSC Life Insurance Company Asia Life (Almaty), which shares are on the official list of the Kazakhstan Stock Exchange (KASE), has notified KASE of the decisions of the extraordinary general meeting of shareholders held on September 28, 2018, reports ...
The national seminar “Prospects for the Compulsory Social Insurance System Development” was held in Astana on September 28....
The highest growth rate in the market in August was total profit (retained earnings), 29.3% to KZT70.7 billion. About half of this amount was earned by Eurasia, 34.1 billion tenge, with an increase of 42.7% in August. Victoria is in second place with...
The National Bank of Kazakhstan has drafted a new version of the Reinsurance Requirements. According to experts, the regulator seeks to prevent shady reinsurance schemes in the market. Lifeinsurance.kz referred to representatives of life insurance co...
Yelena Kudaibergenova was appointed to the post of deputy chairman of the company's board, kase.kz reports....
Erzhan Konurbayev, recently elected to the post of the new Chairman of Standard Life Company, is an experienced player in the insurance market. In the interview with our magazine, he expresses his opinion why life insurance is beneficial for the coun...
The National Bank of Kazakhstan sees the potential in the development of unit-linked investment life insurance in the country. However, the introduction of this product should be one of several measures both from the state and insurance companies to ...
The A.M. Best rating agency assigned Halyk Life, a life insurance subsidiary company of Halyk Bank (Kazakhstan), with a financial stability rating of B+ (good) and long-term credit emitent rating of the “bbb-“ level, and put to the revision queue...
The life expectancy of Kazakhstanis is growing. By the end of the year it is 72.95 years versus 72.41 in 2016 and 70.62 in 2013, according to ranking.kz....
The insurance sector assets as of end of June 2018 amounted to KZT993.2 billion, 10.9% more than a year earlier, KZT895.4 billion. An approach of KZT1 trillion mark and moderate growth rates represent a systematic activation of insurance companies an...
According to viability rating of pension systems, only 25 countries have more or less reliable pension models. Russia and Belarus recognize that their pension systems are at a dead end and require serious reforms. Why Kazakhstan was the first in the ...
Due to voluntary reorganization of Kazkommertsbank JSC in the form of merging with Halyk Bank of Kazakhstan JSC on July 28, 2018, a transfer certificate was signed between the banks as of July 27, 2018, kklife.kz reports....
Amendments and additions concern the Law of the Republic of Kazakhstan No. 166-VI "On Amendments and Additions to Certain Legislative Acts of the Republic of Kazakhstan on Insurance, Insurance Activity, and the Securities Market", adopted on July 2, ...
As of January 1, 2019, insurance organization customers will be able to enter into electronic insurance contracts using Internet resources and formalize the insurance policy in electronic form, the National Bank press service of the Republic of Kazak...
According to kklife.kz, JSC Kazkommerts-Life is working in the same mode at the moment, there are no changes in the company's activities....
In early July, President Nursultan Nazarbayev signed the Law on Amendments to Insurance and Insurance Activities and the Securities Market. LS prepared information graphics about changes in this sector....
