The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan published a snapshot of the insurance sector as of 1 November 2025, reporting that insurance and reinsurance assets fell 0.3% in October to KZT 3.7 trillion, while remaining up 19.8% since the start of 2025. The asset decline was attributed mainly to tenge appreciation against foreign currencies and the resulting revaluation of foreign currency-denominated assets. The market comprised 25 insurers, including 10 life insurers. Securities represented 72.8% of assets (KZT 2.7 trillion), followed by cash and deposits in second-tier banks at 8.3% (KZT 309 billion) and insurance receivables at 3.8% (KZT 143 billion). Liabilities were broadly unchanged in October at KZT 2.6 trillion (up 21.0% year to date), while equity fell 0.9% to KZT 1.1 trillion due to dividend payments (up 17.0% year to date). Net profit was KZT 5.0 billion in October and KZT 227 billion year to date. The number of insurance contracts reached 20.2 million year to date, up 6.5% year on year, driven by life insurance contracts (up 106.9%). Premiums totalled KZT 117.9 billion in October and KZT 1.3 trillion year to date (up 11.2% year on year), led by voluntary personal lines (KZT 675.8 billion year to date, up 7.9%) and voluntary property insurance (KZT 451.3 billion year to date, up 19.3%), while compulsory insurance premiums reached KZT 219.2 billion year to date (up 6.2%), including compulsory motor third-party liability at KZT 98.3 billion (up 17.9%). Claims payments were KZT 45.3 billion in October across 170,200 payments and KZT 365.0 billion year to date (up 36.9% year on year), driven mainly by higher payments in voluntary property insurance (up 45.1% to KZT 118.3 billion).

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