Kazakhstan Mining Q1 2019
Kazakhstan's insurance industry is relatively well placed for growth. A recovery in global commodity prices is boostingeconomic growth in the country, supported by an ambitious privatisation programme and efforts to diversify the economy andboost foreign direct investment. As a result we anticipate improved employment and income rates which will increase affordabilityof various insurance covers, while efforts by carriers to raise awareness of the benefits of insurance will increase demand. Barriersremain, however, including a weak regulatory environment and a lack of foreign insurers in the market, which means productranges and distribution channels are slim compared to developed markets.
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