The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan published April insurance market statistics showing that sector assets rose 2.6% in the month to KZT 4.1 trillion and liabilities rose 4.5% to KZT 3.0 trillion, while equity fell 2.3% to KZT 1.1 trillion. The market recorded a KZT 2.1 billion loss in April, but remained profitable year to date with net profit of KZT 29.7 billion as of 1 May 2026. Kazakhstan had 25 insurers, including 10 life insurers, and securities accounted for 73.7% of assets. Premiums collected in April totaled KZT 155.9 billion, up 2.2% from a year earlier on higher voluntary insurance premiums, although year to date premiums were 2.8% lower. Within the year-to-date total, compulsory insurance premiums rose 13.7% to KZT 99.3 billion, mainly on employee accident insurance, while voluntary personal insurance fell 3.2% to KZT 255.9 billion and voluntary property insurance fell 9.8% to KZT 173.0 billion. Insurance payouts were KZT 41.5 billion in April and KZT 160.4 billion year to date, up 21.6% from a year earlier because of higher voluntary personal insurance payouts, while the number of contracts written in April fell 25.6% to 1.6 million due to fewer accident insurance policies.
Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan2026-06-09
Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan reports April insurance sector assets rose to KZT 4.1 trillion while equity fell to KZT 1.1 trillion
The Agency for Regulation and Development of the Financial Market of Kazakhstan reported insurance sector assets rose 2.6% in April to KZT 4.1 trillion and liabilities 4.5% to KZT 3.0 trillion, while equity fell 2.3% to KZT 1.1 trillion. The market posted a KZT 2.1 billion monthly loss but remained profitable year to date with net profit of KZT 29.7 billion. April premiums increased 2.2% year on year to KZT 155.9 billion, although year-to-date premiums declined 2.8%. Compulsory insurance rose 13.7%, while voluntary personal and property insurance fell 3.2% and 9.8%. Insurance payouts reached KZT 41.5 billion in April and KZT 160.4 billion year to date, up 21.6%, while April contracts fell 25.6% to 1.6 million.