1. Market Research
  2. > Financial Services
  3. > Insurance Market Trends
  4. > Kazakhstan Insurance Report Q3 2016

Kazakhstan Insurance Report Q3 2016

  • June 2016
  • -
  • Business Monitor International
  • -
  • 52 pages

Includes 3 FREE quarterly updates

BMI View: The depreciation of the tenge and high rates of inflation will distort growth rates in both the lifeand non-life sectors of Kazakhstan's insurance market in the short-term, though medium-term prospectsremain highly positive. Kazakhstan's insurance market offers significant potential to grow rapidly from alow base, benefiting from steady improvements to average household income rates and the expansion ofproducts available on the market from both domestic and multinational providers, which will boost demandfor a range of covers and stimulate steady premium growth.

Key Updates And Forecasts

- The economic outlook for Kazakhstan has deteriorated somewhat in recent quarters owing to weakness inthe key export - oil - which accounts for half of public sector revenues and 80% of exports. This willimpact investment in oil sector infrastructure, which in turn will dampen demand for non-life lines suchas transport insurance and engineering cover.

- Life insurance premiums are forecast to show strong growth throughout the forecast period, though, asnoted above, growth rates will be distorted somewhat by inflation. Overall, life premiums are forecast toincrease from KZT121.6bn in 2016 to KZT224.3bn in 2020, with slower growth in US dollar terms.

- The larger non-life sector will see steadier growth, with premiums increasing from KZT249.4bn in 2016to KZT347.0bn in 2020. Following a short-term contraction in 2016, premiums will also grow steadily inUS dollar terms and coverage will improve.

Table Of Contents

Kazakhstan Insurance Report Q3 2016
BMI Industry View 5
Table: Headline Insurance Forecasts (Kazakhstan 2013-2020) 5
Insurance 6
Industry Forecast 8
Life Premiums Forecast 8
Table: Life Premiums (Kazakhstan 2013-2020) 11
Table: Life Insurance Claims (Kazakhstan 2008-2014) 11
Non-Life Premiums Forecast 12
Table: Non-Life Premiums (Kazakhstan 2013-2020) 15
Table: Non-Life Insurance Claims (Kazakhstan 2009-2014) 17
Non-Life Sub-Sector Forecast 18
Table: Non-Life Insurance Premiums By Product Line (Kazakhstan 2013-2020) 26
Insurance Risk/Reward Index 28
Emerging Europe Risk/Reward Index 28
Table: Emerging Europe Insurance Risk/Reward Index - Q316 29
Market Overview 30
Life Market Overview 30
The Product Offering 30
The Competitive Landscape 30
Table: Life Market Share, 2008-2014 (USDmn) 32
Non-Life Market Overview 33
The Product Offering 33
The Competitive Landscape 33
Table: Non-Life Market Share, 2007-2014 (USDmn) 35
Company Profile 37
Eurasia 37
Kazakhinstrakh 39
London Almaty Insurance Company 41
Nomad Insurance 44
Methodology 46
Industry Forecast Methodology 46
Risk/Reward Index Methodology 49
Table: Indicators 51
Table: Weighting of Indicators 52

View This Report »

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 24 Million searchable statistics with tables, figures & datasets
  • More than 10,000 trusted sources
24/7 Customer Support

Talk to Veronica

+1 718 514 2762

Purchase Reports From Reputable Market Research Publishers
Commercial Non-Life Insurance Brokers in Europe

Commercial Non-Life Insurance Brokers in Europe

  • $ 10000
  • Industry report
  • August 2016
  • by Finaccord

Finaccord’s report titled Commercial Non-Life Insurance Brokers in Europe, plus the BrokerBASE™ and market data annexe that accompany it, investigate the importance of brokers in the distribution of ...

UK Travel Insurance: Market Dynamics and Opportunities 2016

UK Travel Insurance: Market Dynamics and Opportunities 2016

  • $ 3450
  • Industry report
  • August 2016
  • by Verdict Financial

Summary The UK travel insurance market declined by 12.3% to £625.4m in gross written premium (GWP) in 2015. This is a result of fewer policies being written, in addition to rates that have been prevented ...

Global Travel Insurance Market 2016-2020

Global Travel Insurance Market 2016-2020

  • $ 2500
  • Industry report
  • June 2016
  • by Infiniti Research Limited

About the Travel Insurance Market Travel insurance covers the expense, such as trip cancellation, cancellation due to the medical emergency, resulting from unexpected events during domestic and international ...


Reportlinker.com © Copyright 2016. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.