The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan published a statistical update on the insurance sector showing modest balance-sheet growth in January 2026 alongside slightly higher premium income and a marked increase in claims payments. As of 1 February 2026, Kazakhstan had 25 insurers, including 10 life insurers. Insurance and reinsurance assets rose 1.4% to KZT 4.0 trillion, driven mainly by higher premiums, with securities accounting for 71.7% of assets (KZT 2.8 trillion), cash and deposits in second-tier banks 8.1% (KZT 322 billion) and insurance receivables 4.6% (KZT 182 billion). Liabilities increased 1.6% to KZT 2.8 trillion due to higher insurance reserves on January contracts, while equity grew 0.8% to KZT 1.1 trillion and sector net profit totalled KZT 10.1 billion. Premiums written reached KZT 155.9 billion (+0.7% year on year), including KZT 24.1 billion in compulsory insurance (+18.2%), with the rise linked to employer accident cover premiums (+26.6%); one voluntary segment totalled KZT 72.7 billion (+17.4%), supported by pension annuity premiums (up 1.7 times) and life insurance premiums (+74.4%), while voluntary property insurance premiums were KZT 59.1 billion (-18.4%) amid a 39.1% drop in property damage cover. The number of insurance contracts fell to 1.3 million (-33.1%), attributed to an 88.3% decrease in accident insurance contracts, and claims payments rose to KZT 42.0 billion (+29.5%) across 155,600 payments, linked to higher payouts in pension annuity and life insurance.

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