Deposits and endowment have common features: you give money to insurer or bank, receive additional return, and after a while you withdraw savings and interest. But if you take a closer look, significant differences become obvious....
Kyrgyzstani insurance markets are poorly developed, there is no compulsory residential insurance, and compulsory auto insurance has been introduced only in this April. So far, not all vehicle owners have bought such policies, since people in the neig...
Labor pensions in Belarus include several types and the most important factor when granting of labor pension is the presence of insurance and general experience or its absence, writes Financial Literacy, the consumer portal of the National Bank of Be...
According to the National Bank, as of March 1, 2021, the number of individual pension accounts for mandatory contributions exceeded 10.88 million, while the amount of savings amounted to almost 12.3 trillion tenge, LS reports....
The current account of the balance of payments formed a $6.3 billion deficit, compared with a $7.3 billion deficit in 2019. The main factor behind the improvement in the current account was a decrease in income payable to foreign investors, as well a...
Following the results of the forecast round “February-March 2021”, the National Bank revised its expectations regarding the dynamics of economic development of Kazakhstan in 2021. Thus, in 2021, the GDP growth rate will be 3.4% -3.7% (the previou...
A number of economic sectors of Kazakhstan showed an increase in wages as of end of 2020, writes LS....
Almost every second working woman in Kazakhstan has higher and postgraduate education, while the share of highly educated employed men is only 38%, Finprom.kz reports....
Kazakhstan has been in quarantine regime for a year. LS editors found out how the pandemic affected the country's economy....
The Ukrainian Cabinet of Ministers offers the Verkhovna Rada to introduce a Defined Contribution Professional Pension System (DCPPS) for certain categories of workers under the age of 35 who are entitled to preferential pension benefits, Forinshurer ...
According to the National Statistics Office, the average monthly nominal salary of one employee in October 2020 was 209,818 tenge, LS reports. Let us remind you that in September it was 212,894 tenge, and in August – 211,226 tenge....
The Prosecutor General’s Office of the Russian Federation conducted an audit in connection with the information received about a possible violation of the law when insuring during the spread of the coronavirus infection, the press service of the de...
The new coronavirus pandemic and associated economic crisis will most noticeably affect credit life insurance, car insurance, and travel insurance, Prime informs....
A group endowment or “golden handcuffs” is one of the effective social security solutions for medical and other health workers, including the COVID-19 situation, as well as increasing their motivation....
Due to the national currency depreciation, the return on investment of pension savings amounted to 541.9 billion tenge in March. In the first half of April, the tenge strengthened and UAPF currency portfolio showed a negative income of 179.7 billion ...
To make investments one needs a clear financial plan and purpose of investment. The first Deputy Board Chairman of Sberbank Alexander Vedyakhin said that to the Prime agency....
The proven damage of insurance companies from fraudsters in 2019 amounted to 8 billion rubles. The lion share of unfair practices are still concentrated in compulsory motor third-party liability insurance, but they have already begun to migrate to ot...
The Ukrainian National Bank is considering possibility of introducing the “financial adviser” concept proposed by the life insurance market, writes Interfax-Ukraine....
Vice-President of the All-Russian Union of Insurers Viktor Dubrovin outlined trends and directions in the life insurance market development in Russia. The article was published on the “Insurance Today” portal....
The Ukrainian National Bank issued the first exchange control license to a life insurance company, RBC-Ukraine reports citing the NBU press service....
