Kazakhstan Insurance Q4 2018
Although still operating on a relatively small scale, the outlook for the insurance industry in Kazakhstan is positive. Risingoil prices are driving stronger economic growth in the country, while ongoing efforts to attract foreign direct investment anddiversify industry will also stimulate employment and income rates. As a result, demand is expected to rise across a broad spectrumof insurance lines, with particularly strong demand anticipated in the currently underdeveloped life insurance and health insurancelines. Restrictions on foreign investment mean that domestic carriers are currently the only beneficiaries of growth.
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