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Total assets of insurance companies come up to KZT1 trillion

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 and interest in their services. Over the past 5 years, the assets of insurance companies have doubled by KZT492.5 billion.
Total assets of insurance companies come up to KZT1 trillion

Same as in the banking sector, the insurance industry has a high concentration of assets in the five largest companies. The share of TOP-5 insurance companies is 54.3% (KZT539.1 billion) of the sector total assets.  

An absolute leader in the industry in terms of assets is Eurasia with KZT246.9 billion (+19.4% year to year). Next comes Victoria with KZT84.4 billion (+7.2% year-to-year).

"NOMAD LIFE" is in the third place with KZT73 billion (+21.1% year-to-year). Halyk-Life is in the fourth place with KZT69.9 billion (+25.9% year-to-year).

The top five is closed by Kazkommerts-Life; its assets by the end of June this year amounted to KZT64.9 billion (+13.3% year-to-year).

However, the share of the TOP-5 fastest growing insurance companies is only 12.1% (KZT120 billion) of total assets.

Among the leaders in asset growth Asia-Life is in the first place; its assets have grown by 87.4% year-to-year, from KZT8.3 to 15.6 billion.

Next is Interteach with increase of 30.7% or KZT1.8 billion. In the third place is Halyk-Life that has increased the volume of assets for the year by 25.9% (KZT14.4 billion).

Then comes Kompetenz with an increase of 24.9% or KZT2 billion (year-to-year). Kommesk-Omir closes the top-5; the total volume of the company has increased by 21.8% and amounted to KZT17.1 billion against KZT14.1 billion a year earlier.

Source, internet-resource: Finprom.kz

Same as in the banking sector, the insurance industry has a high concentration of assets in the five largest companies. The share of TOP-5 insurance companies is 54.3% (KZT539.1 billion) of the sector total assets.  

An absolute leader in the industry in terms of assets is Eurasia with KZT246.9 billion (+19.4% year to year). Next comes Victoria with KZT84.4 billion (+7.2% year-to-year).

"NOMAD LIFE" is in the third place with KZT73 billion (+21.1% year-to-year). Halyk-Life is in the fourth place with KZT69.9 billion (+25.9% year-to-year).

The top five is closed by Kazkommerts-Life; its assets by the end of June this year amounted to KZT64.9 billion (+13.3% year-to-year).

However, the share of the TOP-5 fastest growing insurance companies is only 12.1% (KZT120 billion) of total assets.

Among the leaders in asset growth Asia-Life is in the first place; its assets have grown by 87.4% year-to-year, from KZT8.3 to 15.6 billion.

Next is Interteach with increase of 30.7% or KZT1.8 billion. In the third place is Halyk-Life that has increased the volume of assets for the year by 25.9% (KZT14.4 billion).

Then comes Kompetenz with an increase of 24.9% or KZT2 billion (year-to-year). Kommesk-Omir closes the top-5; the total volume of the company has increased by 21.8% and amounted to KZT17.1 billion against KZT14.1 billion a year earlier.

Source, internet-resource: Finprom.kz

 

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