The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan published March 2026 insurance sector data showing modest balance sheet growth alongside lower equity and higher claims. As of 1 April, Kazakhstan had 25 insurance organizations, including 10 life insurers. Sector assets rose 0.6% during March to KZT 4.0 trillion, liabilities increased 1.2% to KZT 2.9 trillion, and equity fell 1.0% to KZT 1.1 trillion, mainly because some insurers paid dividends. Securities accounted for 72.5% of assets, followed by cash and deposits with second-tier banks at 7.8% and insurance receivables at 4.5%. Net profit was KZT 3.9 billion in March and KZT 31.9 billion year to date. The number of insurance contracts concluded by individuals and legal entities in March was 1.8 million, down 4.0% from a year earlier. Premiums under insurance and reinsurance contracts amounted to KZT 128.2 billion in March and were 4.8% lower year to date. Compulsory insurance premiums rose 17.4% year to date to KZT 72.3 billion, while voluntary personal and property insurance premiums fell 7.1% to KZT 178.2 billion and 11.5% to KZT 121.8 billion respectively. The decline in voluntary personal insurance reflected a 91.0% drop in accident insurance premiums and a 28.8% fall in life insurance premiums after the 30 June 2025 law capped insurance agents' commissions on insurance contracts linked to bank loans at 10% of premium. Claims totaled KZT 37.7 billion in March and KZT 118.9 billion year to date, up 31.6% from the same period of 2025, driven by voluntary personal insurance.

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