Life insurance company Eurasia has a very high strategic importance for the parent company with a growing life insurance portfolio. The company is gradually developing operations on the open market and forming its own client base, as well as its own risk management system, S&P analysts believe.
The rating of LIC Eurasia is one of the highest ratings by S&P among domestic life insurance companies. The rating corresponds to the country's rating.
“Rating confirmation is an indicator that all our actions aimed at the enhanced development of the Company are effective. We are strengthening and expanding our branch networks, updating and improving our product basket with innovative and profitable programs, building business processes in a new way, expanding our partner and client bases. The company is at the stage of transformation and there are many plans and interesting projects ahead,” commented Saken Shandybayev, Chairman of the Board of LIC Eurasia.
The company was founded in November 2018. It carries out insurance (reinsurance) activities in the life insurance industry based on a license issued by the ARDFM. According to the National Bank, following the results of the 1st Q this year, the charter capital of LIC Eurasia is more than 18.7 billion tenge, and the charter capital together with the parent company is 216.2 billion tenge, which is equal to the total charter capital of all insurance companies in the Republic of Kazakhstan. Regulatory assets are more than 77.4 billion tenge. Regulatory capital is over 26.2 billion tenge. The company has a developed sales network; we offer our services in almost all regional and district centers of the Republic of Kazakhstan.
Photo is from open sources.
