The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan published a statistical update on the insurance sector as of 1 August 2025, reporting further balance-sheet expansion and higher premium volumes in July 2025. The market comprised 25 insurance organisations, including 10 life insurers, with assets rising 3.5% over the month to KZT 3.6tn and gross written premiums of KZT 163.9bn in July. Assets were up 14.4% since the start of 2025, with securities accounting for 71.2% of the portfolio, KZT 2.5tn, followed by cash and deposits in second-tier banks at 7.6%, KZT 271bn, and insurance receivables at 4.8%, KZT 171bn. Liabilities increased 4.4% in July to KZT 2.5tn, up 16.2% since the start of the year, reflecting higher dividend payables, while equity rose 1.3% to KZT 1.0tn. Net profit totalled KZT 45.9bn in July and KZT 155bn year-to-date; policy activity reached 2.4 million contracts in July, up 6.5% month on month, and 15.2 million contracts year-to-date, up 19.5% year on year, with most growth attributed to life insurance. Premiums totalled KZT 964.0bn in the first seven months of 2025, up 17.0% year on year, led by voluntary personal insurance at KZT 469bn, up 22.8%, supported by pension annuity and life insurance; voluntary property insurance reached KZT 340.5bn, up 15.1%, and compulsory insurance KZT 154.6bn, up 5.6%, mainly motor third-party liability. Insurance payouts were KZT 39.9bn in July and KZT 245.0bn year-to-date, up 39.2% year on year, driven by higher voluntary property claims.

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