The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan published supervisory statistics on the insurance sector as of 1 December 2025 and for November 2025, showing continued balance-sheet growth alongside rising premium and claims volumes. Insurance and reinsurance assets increased 1.4% in November to KZT 3.8 trillion (up 21.1% since the beginning of 2025), while year-to-date premiums reached KZT 1.5 trillion (up 9.8% versus the same period in 2024) and year-to-date insurance payments totalled KZT 403.0 billion (up 33.9%). As of 1 December 2025, Kazakhstan had 25 insurance organizations, including 10 life insurers. Securities accounted for 73.8% of assets (KZT 2.8 trillion), followed by cash and deposits in second-tier banks at 7.6% (KZT 289.7 billion) and insurance receivables at 3.7% (KZT 141.9 billion). Liabilities rose 2.6% in November to KZT 2.7 trillion (up 24.2% since the beginning of 2025), while equity capital fell 1.6% to KZT 1.1 trillion in November following dividend payments (up 15.1% since the beginning of 2025). Net profit was KZT 7.7 billion in November and KZT 234.8 billion year-to-date; 21.1 million insurance contracts were concluded year-to-date, down 0.4% year on year. Premium growth was driven by voluntary classes: voluntary personal insurance premiums were KZT 739.1 billion year-to-date (up 5.4%), supported by higher pension annuity insurance premiums (up 6.4%) and life insurance premiums (up 15.3%). Voluntary property insurance premiums reached KZT 491.5 billion year-to-date (up 18.9%), mainly reflecting an increase in property damage insurance premiums (up 19.8%). Compulsory insurance premiums were KZT 238.4 billion year-to-date (up 6.6%), with compulsory motor third-party liability premiums up 17.6% to KZT 108.0 billion; in November, total premiums collected were KZT 122.6 billion. Claims paid were KZT 38.0 billion in November across 143.8 thousand payments, with the year-to-date increase mainly attributed to higher voluntary personal insurance payments (up 47.1% to KZT 133.4 billion).
Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan 2026-01-12
Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan reports insurance assets at KZT 3.8 trillion and 2025 premiums up 9.8%
The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan reported continued growth in the insurance sector as of December 2025, with assets rising 1.4% in November to KZT 3.8 trillion and year-to-date premiums increasing 9.8% to KZT 1.5 trillion. Voluntary personal and property insurance premiums drove growth, while liabilities rose 2.6% to KZT 2.7 trillion, and equity capital decreased 1.6% to KZT 1.1 trillion due to dividends.