The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan reported that insurance sector assets rose 4.7% in June to KZT 4.4 trillion, up 13.4% since the start of 2026, mainly because of increased securities holdings. As of July 1, the sector comprised 25 insurers, including 10 life insurers, with securities representing 71.6% of total assets. Liabilities increased 6.6% in June to KZT 3.3 trillion as insurance reserves grew, while equity declined 0.7% to KZT 1.1 trillion. The sector recorded a KZT 3.7 billion loss for June, mainly due to a higher unearned loss reserve for pension annuity contracts, but retained net profit of KZT 81.9 billion for the year to date. Premiums reached KZT 201.1 billion in June, 60.2% above June 2025, and KZT 858.3 billion for the first half, up 7.3% year on year. Claims paid rose 23.3% to KZT 252.9 billion for the first half. Insurers concluded 8.9 million contracts in the first half. The number of accident insurance contracts fell 81.1% following the introduction of a cap limiting insurance agent commissions on bank loan-related policies to no more than 10% of the premium.
Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan2026-08-03
Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan reports insurance assets of KZT 4.4 trillion and premium growth
Kazakhstan’s financial market regulator reported that insurance assets reached KZT 4.4 trillion as of July 1, up 13.4% since the start of 2026. First-half premiums rose 7.3% year on year to KZT 858.3 billion, while claims increased 23.3% to KZT 252.9 billion. A commission cap for bank loan-related policies contributed to an 81.1% decline in accident insurance contracts.