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Kazakhstan Insurance Report Q4 2017

Kazakhstan Insurance Report Q4 2017

BMI View:

Kazakhstan's insurance market is in the relatively early stages of development, particularly in terms of the small life insurance segment. The outlook for the market is, however, broadly positive. We see significant potential for the small life insurance market as the country's savings and investments climate becomes more sophisticated and as employment and income rates improve. In the non-life sector, the development of a wider range of more affordable products will also ensure steady premium growth, particularly in the health segment, though weak short-term prospects for credit/financial guarantee insurance will undermine market potential.

Key Updates And Forecasts

Kazakhstan has started rolling out a new national health insurance scheme and the Social Health Insurance Fund reported receiving some KZT800mn (USD2.4mn) in contributions in its first month of operation (July 2017) with cover reaching over 384,000 people.


BMI Industry View
Table: Headline Insurance Forecasts (Kazakhstan 2014-2021)
SWOT
Insurance
Industry Forecast
Life Premiums Forecast
Table: Life Premiums (Kazakhstan 2014-2021)
Table: Life Claims (Kazakhstan 2010-2016)
Non-Life Premiums Forecast
Table: Non-Life Premiums (Kazakhstan 2014-2021)
Table: Non-Life Claims (Kazakhstan 2010-2016)
Non-Life Sub-Sector Forecast
Table: Non-Life Insurance Premiums by Product Line (Kazakhstan 2014-2021)
Insurance Risk/Reward Index
Emerging Europe Insurance Risk/Reward Index
Table: Emerging Europe Insurance Risk/Reward Index, Q4 2017
Market Overview
Life Market Overview
Product Offering
Competitive Landscape
Table: Life Market Share (USDmn), 2009-2016
Non-Life Market Overview
Product Offering
Competitive Landscape
Table: Non-Life Market Share (USDmn), 2009-2016
Company Profile
Eurasia
Kazakhinstrakh
London Almaty Insurance Company
Nomad Insurance
Methodology
Industry Forecast Methodology
Sector-Specific Methodology
Risk/Reward Index Methodology
Table: Indicators
Table: Weighting of Indicators

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