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Kazakhstan Insurance Report Q1 2016

  • December 2015
  • -
  • Business Monitor International
  • -
  • 51 pages

Includes 3 FREE quarterly updates

BMI View: Kazakhstan's insurance industry is small by global standards, but developing rapidly. Lifeinsurance in particular is expected to experience healthy double-digit growth rates, driven by growingawareness of the benefits of various life products as well as demographic trends which support increaseddemand for later-in-life and retirement savings products. The more established non-life sector is expect tosee slower growth over the forecast period and will also see more extensive contractions in US dollar termsin the short term due to the devaluation of the tenge.

Key Updates And Forecasts Include

- The government has increased payments for a range of social benefits including pensions, disabilitypayments, unemployment benefits and burial cover, with most payments increasing by around 9%.Although benefits are still relatively low, this will dampen demand for non-mandatory insurance amonglow-income households.

- Kazkommertsbank has reportedly now completed the merger of two of its subsidiary insurancecompanies: BTA Life has been merged with Kazkommerts-Life in a move which was first announced inlate 2014.

Table Of Contents

Kazakhstan Insurance Report Q1 2016
BMI Industry View 5
Table: Headline Insurance Forecasts (Kazakhstan 2012-2019) 5
Insurance 6
Industry Forecast 8
Life Premiums Forecast 8
Table: Life Premiums (Kazakhstan 2012-2019) 11
Table: Life Insurance Claims (Kazakhstan 2007-2014) 11
Non-Life Premiums Forecast 12
Table: Non-Life Premiums (Kazakhstan 2012-2019) 15
Table: Non-Life Insurance Claims (Kazakhstan 2008-2014) 17
Non-Life Sub-Sector Forecast 17
Table: Non-Life Insurance Premiums By Product Line (Kazakhstan 2012-2019) 26
Industry Risk Reward Ratings 27
Emerging Europe Risk/Reward Index 27
Table: Emerging Europe Insurance Risk/Reward Index 28
Market Overview 29
Life Market Overview 29
The Product Offering 29
The Competitive Landscape 29
Table: Life Market Share, 2008-2014 (USDmn) 31
Non-Life Market Overview 32
The Product Offering 32
The Competitive Landscape 32
Table: Non-Life Market Share, 2007-2014 (USDmn) 34
Company Profile 36
Eurasia 36
Kazakhinstrakh 38
London Almaty Insurance Company 40
Nomad Insurance 43
Methodology 45
Industry Forecast Methodology 45
Risk/Reward Index Methodology 48
Table: Indicators 50
Table: Weighting of Indicators 51

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