country profile |

KAZAKHSTAN
According to forecasts made by the insurance company KOMMESK Omir, the Kazakhstan profile market will register in 2011,
compared to 2010, an increase of 16-18%.
Thus, this forecasted evolution will be supported by an increase
of 15-16% of the general insurance segment, conditioned by
increase of the price for mandatory MTPL insurance. At the same
time, this increase is due to increased monthly reference index
(MRP) from EUR6.3 to EUR6.9.

Life insurance
12.15%
Accidents insurance
4.52%
g Health insurance
6.87%
g Employees insurance in case of
accident
8.22%
g Damages to property
26.96%
g Motor Hull
2.19%
g MTPL
13.65%
g Aviation Insurance
1.17%
g Aviation liability
2.95%
g GTPL
11.67%
g Financial loss
4.13%
g Other non-life insurance
5.51%
g
g

Insurance
market
portfolio
2010

Source:
National Bank of Kazakstan
Kazakh currency exchange rate for calculations:
1 EUR = 212.84 Tenge - KZT (December 31st, 2009)
1 EUR = 195.23 Tenge - KZT (December 31st, 2010)

Monthly reference index (MRP) is used in the Republic of Kazakhstan to calculate pensions, state indemnisations, taxes, average
salary for the economy and other social payments.
Also, in 2011 the insurance law regarding reinsuring risks of
insurance companies in favor of the Kazakhstan reinsurers will be
modified.
Therefore, in 2011 the growth trend from 2010 will be maintained, due to recovery of the the market economy in Kazakhstan.
In 2010, insurance market in Kazakhstan totaled EUR786m, an
increase of 26% compared to 2009. In 2010, on the insurance
market in Kazakhstan, 38 insurance and reinsurance companies
were active.

Market porfolio as of December 31st, 2010

Business Line
TOTAL MARKET
TOTAL LIFE AND ANNUITIES
Total Non-Life

GWP 2010

GWP 2009

EUR m.
786.24

EUR m.
622.42

Nominal
Evolution (%)
EUR
26.32

% In Life/
Non-Life Gwp
%
-

% in all GWP
%
100.00

95.51

43.85

117.80

100.00

12.15

690.73

578.57

19.39

100.00

87.85

Accidents insurance

35.56

0.00

5.15

4.52

Ilness insurance

54.02

-0.01

7.82

6.87

Employees insurance in case of accident

64.67

51.80

24.83

9.36

8.22

Property (goods) insurance

211.98

221.15

-4.14

30.69

26.96

Overall motor insurance

124.57

101.80

22.36

18.03

15.84

17.24

19.83

-13.04

2.50

2.19

Motor Hull

107.33

81.97

30.93

15.54

13.65

Aviation insurance

MTPL

9.19

8.99

2.22

1.33

1.17

CARGO insurance

23.16

19.32

19.91

3.35

2.95

GTPL

91.72

56.60

62.05

13.28

11.67

Financial loss insurance

32.51

20.83

56.07

4.71

4.13

Other non-life insurance

43.35

98.09

-55.80

6.28

5.51

*Insurance and reinsurance GWP, added-up

| country profile
All insurance lines ranking
No.

Company

1 EUROASIA

GWP
EUR m.
96.89

2010

CLAIMS
EUR m.
11.72

GWP
EUR m.
107.25

2009

CLAIMS
EUR m.
11.89

Nominal
Evolution (%)
EUR
-9.65

2010
12.32

2009
17.23

MARKET SHARE (%)

2 KAZKOMMERTS Policy

85.17

5.52

34.90

9.35

144.06

10.83

5.61

3 HALYK Bank Kazakhstan

75.58

23.05

60.62

15.71

24.67

9.61

9.74

4 OIL Insurance Company

46.87

7.81

30.74

6.23

52.46

5.96

4.94

5 ALLIANZ Kazakhstan

39.19

3.44

32.15

1.82

21.90

4.98

5.17

6 NOMAD Insurance

34.92

3.50

28.27

2.64

23.54

4.44

4.54

7 STATE ANNUITY Company

32.38

10.10

11.15

3.30

190.32

4.12

1.79

8 CHARTIS Ins. Company

30.05

2.40

26.06

29.95

15.32

3.82

4.19

9 LONDON ALMATY

27.14

3.71

13.02

3.53

108.44

3.45

2.09

10 AMANAT Insurance

26.01

1.72

13.91

1.28

87.02

3.31

2.23

11 VICTORIA

25.29

1.65

35.57

1.45

-28.92

3.22

5.72

12 KASPI Bank

24.80

-3.61

18.60

3.95

33.34

3.15

2.99

13 SENTRANS Insurance

23.95

5.03

16.58

2.26

44.45

3.05

2.66

14 HALYK Life

17.32

7.10

6.65

2.11

160.61

2.20

1.07

15 KAZROMMERTS Life

16.86

5.21

9.55

1.32

76.42

2.14

1.54

16 ALLIANCE Life

15.11

3.97

4.45

0.40

239.28

1.92

0.72

17 KOMMESK Omir

14.37

3.33

8.41

2.80

70.79

1.83

1.35

18 BTA Life

14.22

4.52

10.82

2.41

31.47

1.81

1.74

19 ALLIANZ Policy

14.02

5.31

15.09

7.02

-7.09

1.78

2.42

20 INTER Teach

13.24

7.82

12.08

7.10

9.60

1.68

1.94

21 BTA Insurance

11.84

3.91

20.09

6.06

-41.07

1.51

3.23

22 PANA Insurance

10.65

1.05

7.43

0.38

43.33

1.36

1.19

23 TSACO

9.59

0.18

7.19

0.16

33.49

1.22

1.15

24 TRANS OIL

8.11

1.84

7.16

1.30

13.19

1.03

1.15

25 ASTANA Finance

8.09

1.68

29.12

0.77

-72.23

1.03

4.68

26 EKO Policy

7.91

1.26

1.01

27 ASKO

7.37

0.98

5.38

0.81

37.00

0.94

0.86

28 ASTANA Finance - Life

7.03

1.03

3.76

0.54

86.81

0.89

0.60

29 GENERALI LIFE

6.41

0.54

2.85

0.12

125.16

0.81

0.46

30 ALATAU

5.98

0.24

5.82

0.06

2.81

0.76

0.93

TOTAL TOP 10

494.21

72.95

358.07

85.70

38.02

62.86

57.53

TOTAL TOP 20

673.39

113.28

495.88

116.54

35.80

85.65

79.67

TOTAL TOP 30

756.36

125.99

584.67

126.73

29.36

96.20

93.93

TOTAL

786.24

139.01

622.42

140.15

26.32

100.00

100.00