From January to August of this year, voluntary property insurance of motor vehicles in Kazakhstan amounted to KZT 67.9 billion (~EUR 128 million), which is 10.1% less y-o-y, Kapital.kz writes.

According to finprom.kz, the ratio of paid claims to premiums in the voluntary motor insurance has increased significantly over the year: from 18.7% for January–August 2023 to 27.8% for January–August 2024. However, this figure is still less than for the same periods in 2021 (29.1%) and 2022 (31.3%).

*EUR 1 = KZT 530.69 (as of August 31, 2024)