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A new LIC, JSC Life Insurance Company KM Life is being created in Kazakhstan.

In accordance with the decision of the National Bank Board of the Republic of Kazakhstan No. 141 dated August 13, L. Kargapolova was granted to acquire the status of a major participant in the newly created insurance organization, JSC LIC KM Life. It was stated on the regulator’s official website www.nationalbank.kz.

According to information on the IC Kazakhmys official website, Larisa Kargapolova owns a 9.11% stake in the company. Dmitry Anatolyevich Kargapolov has been the Chairman of the Board of Directors of IC Kazakhmys since 2013.

Let us remind, according to the National Bank latest data, 7 life insurance companies have been working in Kazakhstan by August 1. The collected insurance premiums in the life insurance industry since the beginning of 2019 amount to 105,251 million tenge, which is 61% more than for the same period last year.

Sources: https://nationalbank.kz/library/printnews/print.cfm?id=22087&docid=3329

https://www.kmic.kz/ru/page/informaciya-o-krupnyh-akcionerah_17/

https://www.kmic.kz/ru/team/

https://nationalbank.kz/cont/%D0%A2%D0%A1%2001.07.2019%20%D1%80%D1%83%D1%81.pdf

Photos: Kazpravda.kz, inbusiness.kz

#lifeinsurance #life insurance in Kazakhstan