The Insurance Industry in Kazakhstan, Key Trends and Opportunities to 2020

The Insurance Industry in Kazakhstan, Key Trends and Opportunities to 2020

Synopsis

Timetric’s 'The Insurance Industry in Kazakhstan, Key Trends and Opportunities to 2020' report provides a detailed analysis of the Kazakh insurance industry.

It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, total assets, total investment income and retentions during the review (2011–2015) and forecast periods (2015–2020).

The report also gives a comprehensive overview of the Kazakh economy and demographics, and provides detailed information on the competitive landscape in the country. It also includes analysis of the impact of natural hazards on the insurance industry.

The report brings together Timetric’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations and recent changes in the regulatory structure.

Summary

Timetric’s 'The Insurance Industry in Kazakhstan, Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Kazakh insurance industry, including:

  • An overview of the Kazakh insurance industry
  • The Kazakh insurance industry's growth prospects by segment and category
  • A comprehensive overview of Kazakhstan's economy and demographics
  • Details of the competitive landscape in the Kazakh insurance industry
  • Details of regulatory policy applicable to the Kazakh insurance industry
  • Analysis of natural hazards in Kazakhstan
Scope

This report provides a comprehensive analysis of the insurance industry in Kazakhstan:
  • It provides historical values for the Kazakh insurance industry for the report’s 2011–2015 review period, and projected figures for the 2015–2020 forecast period.
  • It offers a detailed analysis of the key segments in the Kazakh insurance industry, with market forecasts to 2020.
  • It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, combined ratio, total assets, total investment income and retentions.
  • It profiles the top insurance companies in Kazakhstan, and highlights recent developments.
  • It covers the economy and demographic structure of Kazakhstan.
  • It analyzes the impact of natural hazards in the Kazakh insurance industry.
Reasons To Buy
  • Make strategic business decisions using in-depth historic and forecast market data related to the Kazakh insurance industry and each segment and category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Kazakh insurance industry.
  • Assess the competitive dynamics in the Kazakh insurance industry.
  • Identify growth opportunities and market dynamics in key segments.
  • Gain insights into key regulations governing the Kazakh insurance industry, and their impact on companies and the industry's future.
Key Highlights
  • In February 2016, the ‘Ministry of Economy and Budget Planning’ proposed the introduction of compulsory property insurance.
  • In September 2015, the Ministry of Investment and Development announced the creation of an insurance fund for Kazakhs travelling abroad.
  • The non-life segment accounted for a 71.2% share of the total industry’s gross written premium in 2015.
  • The Kazakh insurance industry is concentrated, with the 10 leading insurers accounting for 64.9% of the total gross written premium in 2015.


  • Key Facts and Highlights
    • Table Kazakh Insurance Industry - Key Facts, 2015
    • Table Kazakh Insurance Industry - Segment Shares of the Top Insurers, 2014
  • Executive Summary
  • Economy and Demographics
    • Table Kazakh Government Credit Ratings
  • Industry Outlook
    • Regional Comparison
    • Industry Indicators
      • Gross written premium
        • Table Kazakh Insurance Industry - Gross Written Premium by Segment (KZT Billion), 2011-2015
        • Table Kazakh Insurance Industry - Gross Written Premium by Segment (KZT Billion), 2015-2020
        • Table Kazakh Insurance Industry - Density by Segment (KZT), 2011-2015
        • Table Kazakh Insurance Industry - Density (Direct Written Premium Per Capita) by Segment (KZT), 2015-2020
      • Claims
        • Table Kazakh Insurance Industry - Paid Claims by Segment (KZT Billion), 2011-2015
        • Table Kazakh Insurance Industry - Paid Claims by Segment (KZT Billion), 2015-2020
      • Assets and investments
        • Table Kazakh Insurance Industry - Total Assets by Segment (KZT Billion), 2011-2015
        • Table Kazakh Insurance Industry - Total Assets by Segment (KZT Billion), 2015-2020
        • Table Kazakh Insurance Industry - Total Investment Income by Segment (KZT Billion), 2011-2015
        • Table Kazakh Insurance Industry - Total Investment Income by Segment (KZT Billion), 2015-2020
  • Life Insurance Outlook
    • Individual Life Insurance
      • Gross written premium
        • Table Kazakh Individual Life Insurance - Gross Written Premium (KZT Billion and US$ Million), 2011-2015
        • Table Kazakh Individual Life Insurance - Gross Written Premium (KZT Billion and US$ Million), 2015-2020
      • Penetration
  • Non-Life Insurance Outlook
    • Property Insurance
      • Gross written premium
        • Table Kazakh Property Insurance - Gross Written Premium (KZT Billion and US$ Million), 2011-2015
        • Table Kazakh Property Insurance - Gross Written Premium (KZT Billion and US$ Million), 2015-2020
      • Penetration
      • Claims
        • Table Kazakh Property Insurance - Paid Claims (KZT Billion and US$ Million), 2011-2015
        • Table Kazakh Property Insurance - Paid Claims (KZT Billion and US$ Million), 2015-2020
      • Profitability
        • Table Kazakh Property Insurance - Earned Premium (KZT Billion ), 2011-2015
        • Table Kazakh Property Insurance Earned Premium (KZT Billion ), 2015-2020
    • Motor Insurance
      • Gross written premium
        • Table Kazakh Motor Insurance - Gross Written Premium (KZT Billion and US$ Million), 2011-2015
        • Table Kazakh Motor Insurance - Gross Written Premium (KZT Billion and US$ Million), 2015-2020
      • Penetration
      • Claims
        • Table Kazakh Motor Insurance - Paid Claims (KZT Billion and US$ Million), 2011-2015
        • Table Kazakh Motor Insurance - Paid Claims (KZT Billion and US$ Million), 2015-2020
      • Profitability
        • Table Kazakh Motor Insurance - Earned Premium (KZT Billion), 2011-2015
        • Table Kazakh Motor Insurance - Earned Premium (KZT Billion), 2015-2020
    • Liability Insurance
      • Gross written premium
        • Table Kazakh Liability Insurance - Gross Written Premium (KZT Billion and US$ Million), 2011-2015
        • Table Kazakh Liability Insurance - Gross Written Premium (KZT Billion and US$ Million), 2015-2020
      • Penetration
      • Claims
        • Table Kazakh Liability Insurance - Paid Claims (KZT Billion and US$ Million), 2011-2015
        • Table Kazakh Liability Insurance - Paid Claims (KZT Billion and US$ Million), 2015-2020
      • Profitability
        • Table Kazakh Liability Insurance - Earned Premium (KZT Billion), 2011-2015
        • Table Kazakh Liability Insurance - Earned Premium (KZT Billion), 2015-2020
    • Marine, Aviation and Transit Insurance
      • Gross written premium
        • Table Kazakh Marine, Aviation and Transit Insurance - Gross Written Premium (KZT Billion and US$ Million), 2011-2015
        • Table Kazakh Marine, Aviation and Transit Insurance - Gross Written Premium (KZT Billion and US$ Million), 2015-2020
      • Penetration
      • Claims
        • Table Kazakh Marine, Aviation and Transit Insurance - Paid Claims (KZT Billion and US$ Million), 2011-2015
        • Table Kazakh Marine, Aviation and Transit Insurance - Paid Claims (KZT Billion and US$ Million), 2015-2020
      • Profitability
        • Table Kazakh Marine, Aviation and Transit Insurance - Earned Premium (KZT Billion), 2011-2015
        • Table Kazakh Marine, Aviation and Transit Insurance - Earned Premium (KZT Billion), 2015-2020
  • Personal Accident and Health Insurance Outlook
    • Personal Accident Insurance
      • Gross written premium
        • Table Kazakh Personal Accident Insurance - Gross Written Premium (KZT Billion and US$ Million), 2011-2015
        • Table Kazakh Personal Accident Insurance - Gross Written Premium (KZT Billion and US$ Million), 2015-2020
      • Penetration
      • Claims
        • Table Kazakh Personal Accident Insurance - Paid Claims (KZT Billion and US$ Million), 2011-2015
        • Table Kazakh Personal Accident Insurance - Paid Claims (KZT Billion and US$ Million), 2015-2020
      • Profitability
        • Table Kazakh Personal Accident Insurance - Earned Premium (KZT Billion), 2011-2015
        • Table Kazakh Personal Accident Insurance - Earned Premium (KZT Billion), 2015-2020
    • Health Insurance
      • Gross written premium
        • Table Kazakh Health Insurance - Gross Written Premium (KZT Billion and US$ Million), 2011-2015
        • Table Kazakh Health Insurance - Gross Written Premium (KZT Billion and US$ Million), 2015-2020
      • Penetration
      • Claims
        • Table Kazakh Health Insurance - Paid Claims (KZT Billion and US$ Million), 2011-2015
        • Table Kazakh Health Insurance - Paid Claims (KZT Billion and US$ Million), 2015-2020
      • Profitability
        • Table Kazakh Health Insurance - Earned Premium (KZT Billion), 2011-2015
        • Table Kazakh Health Insurance - Earned Premium (KZT Billion), 2015-2020
  • Reinsurance Outlook
    • Premium Ceded
      • Table Kazakh Reinsurance - Premium Ceded by Insurance Segment (KZT Billion), 2011-2015
      • Table Kazakh Reinsurance - Premium Ceded by Insurance Segment (KZT Billion), 2015-2020
  • Distribution Channel Outlook
  • Natural Hazards
    • Flooding
    • Man Made Hazards
    • Wildfires
    • Exposure
  • Competitive Landscape
    • Table Kazakh Insurance Industry - Market Shares of Leading Insurers (%), 2015
    • Table Kazakh Insurance Industry - Segment Shares (%) of Leading Life Insurers, 2015
    • Table Kazakh Insurance Industry - Segment Shares (%) of Leading Non-Life Insurers, 2015
    • Table Kazakh Insurance Industry - Segment Shares (%) of Leading Personal Health and Accident Insurers, 2015
    • Company Profiles
      • JSC Eurasia Insurance Company - company overview
        • Table JSC Eurasia Insurance Company - Key Facts
      • Halyk-Kazakhinstrakh JSC - company overview
        • Table Halyk-Kazakhinstrakh JSC - Key Facts
      • Halyk-Life JSC - company overview
        • Table Halyk-Life JSC - Key Facts
      • JSC Nomad Life Insurance - company overview
        • Table JSC Nomad Life Insurance - Key Facts
      • IC Kazakhmys JSC - company overview
        • Table IC Kazakhmys JSC - Key Facts
  • Governance, Risk and Compliance
    • Table Kazakhstan - Insurance Regulatory Framework Key Features
    • Legislation Overview and Historical Evolution
    • Latest Changes in Regulation
    • Legislation and Market Practice by Type of Insurance
      • Life insurance
        • Table Kazakhstan - Life Insurance Regulatory Framework
      • Property insurance
        • Table Kazakhstan - Property Insurance Regulatory Framework
      • Motor insurance
        • Table Kazakhstan - Motor Insurance Regulatory Framework
      • Liability insurance
        • Table Kazakhstan - Liability Insurance Regulatory Framework
      • Marine, aviation and transit insurance
      • Personal accident and health insurance
    • Compulsory Insurance
      • Motor third-party liability insurance
      • Workers' compensation insurance
      • Civil liability insurance for passengers
    • Supervision and Control
      • International Association of Insurance Supervisors
      • Committee for the Control and Supervision of the Financial Market and Financial
    • Non-Admitted Insurance Regulations
      • Overview
      • Intermediaries
      • Market practices
      • Fines and Penalties
    • Company Registration and Operations
      • Type of insurance organization
      • Establishing a local company
      • Foreign ownership
      • Types of license
      • Capital requirements
      • Solvency margin
      • Reserve requirements
      • Investment regulations
      • Statutory return requirements
      • Fee structure
    • Taxation
      • Insurance premium or policy taxation
      • Withholding taxes on premium paid overseas
      • Corporate tax
        • Table Kazakhstan - Corporate Tax Rates for the Financial Year 2016
      • VAT
      • Captives
    • Legal System
      • Introduction
      • Access to court
      • Alternative dispute resolution (ADR)
  • Databook
    • Life Insurance
      • Policies and premium
        • Table Kazakh Life Insurance - Policies and Premium, 2011-2015
        • Table Kazakh Life Insurance - Policies and Premium, 2015-2020
      • Claims and expenses
        • Table Kazakh Life Insurance - Claims and Expenses, 2011-2015
        • Table Kazakh Life Insurance - Claims and Expenses, 2015-2020
      • Assets and investments
        • Table Kazakh Life Insurance - Assets and Investments, 2011-2015
        • Table Kazakh Life Insurance - Assets and Investments, 2015-2020
      • Individual life insurance
        • Table Kazakh Life Insurance - Individual Life Insurance, 2011-2015
        • Table Kazakh Life Insurance - Individual Life Insurance, 2015-2020
      • Individual life insurance by product
        • Table Kazakh Life Insurance - Individual Life Insurance by Product, 2011-2015
        • Table Kazakh Life Insurance - Individual Life Insurance by Product, 2015-2020
    • Non-Life Insurance
      • Policies and premium
        • Table Kazakh Non-Life Insurance - Policies and Premium, 2011-2015
        • Table Kazakh Non-Life Insurance - Policies and Premium, 2015-2020
      • Claims and expenses
        • Table Kazakh Non-Life Insurance - Claims and Expenses, 2011-2015
        • Table Kazakh Non-Life Insurance - Claims and Expenses, 2015-2020
      • Assets and investments
        • Table Kazakh Non-Life Insurance - Assets and Investments, 2011-2015
        • Table Kazakh Non-Life Insurance - Assets and Investments, 2015-2020
      • Property insurance
        • Table Kazakh Non-Life Insurance - Property Insurance, 2011-2015
        • Table Kazakh Non-Life Insurance - Property Insurance, 2015-2020
      • Motor insurance
        • Table Kazakh Non-Life Insurance - Motor Insurance, 2011-2015
        • Table Kazakh Non-Life Insurance - Motor Insurance, 2015-2020
      • Motor insurance by product
        • Table Kazakh Non-Life Insurance - Motor Insurance by Product, 2011-2015
        • Table Kazakh Non-Life Insurance - Motor Insurance by Product, 2015-2020
      • Liability insurance
        • Table Kazakh Non-Life Insurance - Liability Insurance, 2011-2015
        • Table Kazakh Non-Life Insurance - Liability Insurance, 2015-2020
      • Marine, aviation and transit insurance
        • Table Kazakh Non-Life Insurance - Marine, Aviation and Transit Insurance, 2011-2015
        • Table Kazakh Non-Life Insurance - Marine, Aviation and Transit Insurance, 2015-2020
    • Personal Accident and Health Insurance
      • Policies and premium
        • Table Kazakh Personal Accident and Health Insurance - Policies and Premium, 2011-2015
        • Table Kazakh Personal Accident and Health Insurance - Policies and Premium, 2015-2020
      • Claims and expenses
        • Table Kazakh Personal Accident and Health Insurance - Claims and Expenses, 2011-2015
        • Table Kazakh Personal Accident and Health Insurance - Claims and Expenses, 2015-2020
      • Assets and investments
        • Table Kazakh Personal Accident and Health Insurance - Assets and Investments, 2011-2015
        • Table Kazakh Personal Accident and Health Insurance - Assets and Investments, 2015-2020
      • Personal accident insurance
        • Table Kazakh Personal Accident and Health Insurance - Personal Accident Insurance, 2011-2015
        • Table Kazakh Personal Accident and Health Insurance - Personal Accident Insurance, 2015-2020
      • Health insurance
        • Table Kazakh Personal Accident and Health Insurance - Health Insurance, 2011-2015
        • Table Kazakh Personal Accident and Health Insurance - Health Insurance, 2015-2020
  • Definitions and Methodology
    • Definitions
      • Table Insurance Industry Definitions
    • Methodology
  • About Timetric
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Disclaimer

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