Kazakhstan Insurance Q3 2018
Kazakhstan's insurance sector is set for rapid growth in both the non-life market and the smaller life insurance segment.Key growth drivers include ongoing improvements to the country's employment and income rates, which will boost privateconsumption leading to greater demand for cover in segments such as motor insurance. Widespread investment in infrastructure isalso boosting demand in the property insurance segment, though across the market coverage rates remain relatively low. While thegrowth outlook is positive, the market will face headwinds stemming from a restricted competitive landscape and lack of diversity interms of product lines, as well as widespread income inequality.
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