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).
2026-01-12Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan
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.