bs-preloader__icon
ru kz en

Daniyar Akishev looks to the future of life insurance positively

The volume of payments for this product increased in 2017, said the Head of the National Bank
Daniyar Akishev looks to the future of life insurance positively

Despite the objective reasons, which have negatively affected the life insurance industry in Kazakhstan, life insurance has good prospects for development. The Chairman of the National Bank of the Republic of Kazakhstan, Daniyar Akishev, told about it during an online conference, as reported by a correspondent of Kapital.kz. Business Information Center.

 “As for life insurance, then, according to statistics, which I have, there was an increase in amount of payments made by these companies, in 2017. But we need to look at the environment, in which they work, and those changes occurred in the market (insurance. - Ed.),” - he said.

Foremost, slowdown in the field of mortgage lending has had a negative impact on life insurance. Secondly, cash flow in the insurance market flowed in the direction of insurance against accidents, after amendments to the insurance laws adoption in 2015, - the chief banker explained. According to them, compensation for harm to the injured worker is divided between the state, the employer and the insurance organization.

“But I think this market (life insurance - Ed.) will have great opportunities in the future. Most likely, it will depend on the legislative support, tax opportunities,” - Daniyar Akishev added.

Source photo: https://i.kapital.kz/c/97a5343ffb281ab9b4bfaec28d53c6e8/m/1024/768/3/1/1/8/f/14ec9ac1090403e641d5f9df292.jpg

Share
read also
Unit linked and Investment Insurance
Unit linked and Investment Insurance

Investors who want to participate in the stock market growth and have a guarantee of ...

How much water we should drink in the heat
How much water we should drink in the heat

With warm season coming we begin to drink more water, which is logical: the increased...

The leader in annuity insurance has changed
The leader in annuity insurance has changed

LICs have reported on the results as of April...

The most interesting materials of the site you have in the mail! Subscribe to the newsletter.

ASK A QUESTION TO THE EXPERT
ASK A QUESTION TO THE EXPERT
Submit your application