The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan published an update on the insurance and reinsurance sector as of 1 April 2025 and for March 2025. The sector comprised 25 insurers, including 10 life insurers, with total assets falling 0.3% in March to KZT 3.2tn, while insurance premiums totalled KZT 109.3bn for the month and KZT 391.0bn since the start of 2025, up 21.9% compared with the same period in 2024. Securities accounted for 73.7% (KZT 2.4tn) of assets as of 1 April, followed by cash and deposits in second-tier banks at 6.2% (KZT 200bn) and insurance receivables at 4.6% (KZT 151bn). Liabilities declined 0.7% in March to KZT 2.3tn, mainly reflecting maturities and lower volumes of direct REPO transactions, while equity increased 0.4% to KZT 959bn; insurers recorded KZT 18.4bn profit in March and KZT 18.1bn net profit year-to-date. The number of insurance contracts since the start of 2025 reached 6.0m, up 34.5% year on year, driven by accident insurance (1.44m contracts, up 108.3%). Voluntary personal insurance premiums totalled KZT 191.9bn year-to-date (up 50.4%), supported by accident insurance premiums rising 2.9 times to KZT 48.4bn and pension annuity insurance premiums increasing 1.7 times to KZT 67.4bn; compulsory insurance premiums reached KZT 61.6bn (up 10.2%), led by motor third-party liability insurance premiums up 27.6% to KZT 27.5bn. Insurance payouts were KZT 29.3bn in March and KZT 90.3bn year-to-date, up 39.2% year on year, across 124.4k payments.

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