The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan published insurance sector indicators as of 1 September 2025 and for August 2025, showing continued growth in insurers’ balance sheets and premium volumes across market segments. The market comprised 25 insurance companies, including 10 life insurers. Total assets of insurance and reinsurance organisations rose 2.9% in August to KZT 3.7tn, taking growth since the start of 2025 to 17.8%, driven mainly by higher income from insurance activities and securities investments. Securities accounted for 73.1% of assets (KZT 2.7tn), followed by cash and deposits in second-tier banks at 6.9% (KZT 254bn) and insurance receivables at 4.6% (KZT 169bn). Liabilities increased 2.6% in August to KZT 2.6tn (up 19.2% since the start of 2025), while equity rose 3.7% to KZT 1.1tn (up 14.4%) due to higher retained earnings; net profit was KZT 33.5bn for August and KZT 188.6bn year to date. Premiums accepted under insurance and reinsurance contracts totalled KZT 146.3bn in August and KZT 1.1tn year to date, up 14.9% versus the comparable period, alongside 17.2m contracts since the start of the year (up 16.2%), with the main increase in life insurance contracts (up 107.9%). Voluntary property insurance was the main premium growth driver, reaching KZT 47.4bn in August and KZT 387.9bn year to date (up 19.1%), supported by a 91.0% increase in premiums for insurance against other financial losses and a 14.7% rise in property damage cover. Voluntary personal insurance premiums were KZT 73.4bn in August and KZT 542.2bn year to date (up 15.2%), reflecting growth in pension annuity insurance to KZT 227.5bn (up 10.9%) and life insurance to KZT 160.3bn (up 19.3%). Compulsory insurance premiums reached KZT 25.5bn in August and KZT 180.1bn year to date (up 5.9%), mainly due to a rise in compulsory motor third-party liability insurance to KZT 68.4bn (up 19.3%). Payouts totalled KZT 37.0bn in August across 130.8k payments and KZT 282.0bn year to date (up 39.0%), led by a 59.7% increase in voluntary property insurance payouts to KZT 92.0bn.
Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan 2025-10-09
Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan reports insurance sector assets at KZT 3.7tn and premiums at KZT 1.1tn year to date
The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan reported continued growth in the insurance sector as of September 2025, with total assets rising 2.9% in August to KZT 3.7tn. Premiums under insurance and reinsurance contracts increased 14.9% year to date, driven by significant growth in life and voluntary property insurance. Payouts rose 39.0% year to date, led by a 59.7% increase in voluntary property insurance payouts.