The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan published May 2026 insurance sector data showing continued balance sheet growth alongside weaker premium volumes. Insurance and reinsurance sector assets rose 2.4% in May to KZT 4.2 trillion, taking growth since the start of 2026 to 8.3%, mainly because of higher securities holdings. Liabilities increased 2.9% to KZT 3.1 trillion as insurance reserves on concluded contracts grew, while equity rose 1.2% to KZT 1.1 trillion. Net profit was KZT 55.8 billion in May and KZT 85.5 billion year to date. Kazakhstan had 25 insurance companies as of June 1, including 10 life insurers. Securities made up 73.9% of sector assets, followed by cash and deposits at second-tier banks at 7.0% and insurance receivables at 4.5%. Premiums written totaled KZT 129.0 billion in May and KZT 657.2 billion year to date, down 2.6% from the same period of 2025, reflecting lower voluntary property insurance and weaker voluntary personal insurance volumes, including steep declines in accident insurance and life insurance premiums. Mandatory insurance was the main area of growth, rising 12.0% year to date to KZT 121.8 billion on higher premiums for employer accident cover and motor third-party liability. Insurance payouts reached KZT 197.5 billion year to date, up 18.5%, while the number of contracts fell 29.3% to 7.4 million because accident insurance contracts dropped 84.1%.
Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan2026-07-07
Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan reports insurance sector assets at KZT 4.2 trillion as premiums fall 2.6%
The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan reported that insurance sector assets rose to KZT 4.2 trillion in May, while liabilities increased to KZT 3.1 trillion as reserves grew. Year to date premiums were KZT 657.2 billion, down 2.6% from a year earlier because voluntary insurance weakened, although mandatory insurance rose 12.0%. Insurance payouts increased 18.5% to KZT 197.5 billion and the number of contracts fell 29.3% to 7.4 million.