Kazakhstan's Agency for Regulation and Development of the Financial Market published an update on the insurance sector as of 1 May 2025 and performance in April 2025, showing balance-sheet expansion and higher premium volumes. The sector comprised 25 insurers, including 10 life insurers, with assets rising 3.9% in April to KZT 3.3 trillion and premiums collected reaching KZT 543.6 billion year to date, up 24.8% versus the comparable period. Asset growth was attributed mainly to higher investment income, with securities accounting for 72.0% (KZT 2.4 trillion) of assets, followed by cash and deposits in second-tier banks at 7.0% (KZT 236.1 billion) and insurance receivables at 4.8% (KZT 160.7 billion). Liabilities increased 4.6% in April to KZT 2.4 trillion, driven by higher insurance reserves, while equity rose 2.2% to KZT 981 billion; insurers recorded KZT 24.4 billion of profit in April and KZT 42.6 billion net profit year to date. The number of insurance contracts concluded year to date reached 8.2 million, up 28.1% year on year, led by personal accident insurance (1.4 million contracts, up 66.5%); claims payments were KZT 41.6 billion in April and KZT 131.9 billion year to date (up 37.6%), across 152.3 thousand payments.
Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan 2025-06-02
Kazakhstan's Agency for Regulation and Development of the Financial Market reports insurance sector assets of KZT 3.3 trillion and premiums up 24.8% year to date
Kazakhstan's financial regulator reported a 3.9% asset increase in the insurance sector to KZT 3.3 trillion in April 2025, with premiums up 24.8% year to date at KZT 543.6 billion. Securities comprised 72% of assets, while liabilities rose 4.6% to KZT 2.4 trillion, driven by higher insurance reserves. The sector saw a 28.1% rise in insurance contracts to 8.2 million, with claims payments totaling KZT 131.9 billion year to date, up 37.6%.