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 October 2025 and for September 2025. The market comprised 25 insurance organisations, including 10 life insurers, with sector assets up 2.0% in September to KZT 3.8 trillion and insurance premiums totalling KZT 118.2 billion for the month and KZT 1.2 trillion since the start of 2025. Assets were up 20.1% since the start of 2025, mainly reflecting higher income from insurance operations and securities investments. Securities accounted for 71.5% of assets (KZT 2.7 trillion), followed by cash and deposits in second-tier banks at 8.4% (KZT 316 billion) and insurance receivables at 4.1% (KZT 153 billion). Liabilities increased 1.5% in September to KZT 2.6 trillion (up 21.0% since the start of 2025), while equity rose 3.2% to KZT 1.1 trillion (up 18.0%) due to higher retained earnings; net profit was KZT 33.5 billion in September and KZT 222 billion year to date. The number of insurance contracts reached 18.8 million since the start of 2025, up 11.4% versus the comparable 2024 period, with the main increase in life insurance contracts (up 107.7%). Year-to-date premium growth of 13.4% was driven mainly by voluntary personal insurance (KZT 607.8 billion year to date, up 11.3%), reflecting higher premiums in pension annuity insurance (up 9.3%) and life insurance (up 17.1%), and voluntary property insurance (KZT 419.1 billion, up 19.9%) largely due to property damage insurance (up 17.1%). Mandatory insurance premiums were KZT 201.5 billion year to date (up 7.2%), mainly due to compulsory motor third-party liability premiums rising 18.5% to KZT 88.3 billion. Claims payments totalled KZT 37.7 billion in September across 140.7 thousand payments and KZT 319.7 billion year to date (up 36.8%), mainly due to voluntary property insurance payouts increasing 48.8% to KZT 103.3 billion.

Original source View in tracker