Kazakhstan plans to introduce mandatory housing insurance against natural disasters. This insurance will cover such risks as earthquakes, floods, high waters and forest fires, according to the advisory document of the regulatory policy, published on the portal "Open NPA (regulatory acts)", Kapital.kz reports.

The accident rate on Kazakhstan's roads has increased: 31.6 thousand road accidents were recorded in January-December 2024 - twice as many as in 2023, according to the ranking.kz portal.

Nomad Insurance, which is among the top 10 insurers in Kazakhstan in terms of GWP, is participating in a reinsurance program, covering property risks of the world's largest media corporation The Walt Disney Company, the insurer writes.

In February 2025, the assets of the insurance sector increased by 1.0% to KZT 3.2 trillion (~EUR 6.08 billion), while the growth of assets since the beginning of 2025 amounted to 3.5% mainly as a result of the growth of income from insurance activities, the Agency for Regulation and Development of Financial Market of Kazakhstan reports.

Assets of insurance (reinsurance) organizations in Kazakhstan increased by 2.5% to KZT 3.2 trillion (~EUR 5.98 billion) in January 2025, mainly due to growth in income from insurance activities, the Agency for Regulation and Development of Financial Market of Kazakhstan reports.

In 2024, the life insurance segment led in terms of growth among all segments of the financial market in Kazakhstan.

The charter capital of two companies of the Nomad Insurance Group — Nomad Insurance and Nomad Life — has been increased by KZT 15.5 billion (~EUR 28.36 million).

Despite the reduction in the number of market participants, key indicators of non-life insurance in 2024 demonstrated moderate growth against the backdrop of high economic activity, acceleration of lending, and increased inflationary processes in the economy, the Association of Financiers of Kazakhstan (AFK) writes in its report.

In 2024, the assets of insurance (reinsurance) organizations in Kazakhstan increased by 25.3% to KZT 3.1 trillion (~EUR 5.67 billion). The increase in assets was mainly due to the growth of income from insurance activities, the International Information Agency DKnews.kz reports.

According to the FY2024 results, the insurance sector of Kazakhstan grew by 41.38%, reaching KZT 1,679.48 billion (EUR 3.07 billion). More than 58% of all market premiums came from non-life insurance.

Eurasia Insurance Company, one of the market leaders, has received a notification about property damaged by large-scale wildfires in California. According to the company, Eurasia's share of liability in the loss under the reinsurance program may exceed USD 4.6 million, Allinsurance.kz reports with reference to the insurer.

Assets of the insurance sector at the end of November 2024 increased by 20.8%, amounting to KZT 3.0 trillion (~EUR 5.55 billion), mainly because of increased income from insurance activities and revaluation of foreign currency.

Voluntary property insurance of motor vehicles in Kazakhstan in January-August 2024 amounted to KZT 67.9 billion (~EUR 0.13 billion), which is 10.1% less y-o-y. At the same time, the number of road accidents in Kazakhstan has doubled, Allinsurance.kz reports.

The number of insurance contracts with individuals, including compulsory travel insurance (CTI), in Kazakhstan increased by 38% to 18 million units in January-October of this year, according to a market study by ranking.kz.

Total assets of insurance (reinsurance) organizations of Kazakhstan from the beginning of the year to the end of September 2024 grew by 13.4%, reaching KZT 2.8 trillion (~EUR 5.23 billion), mainly as a result of the growth of income from insurance activities, Allinsurance.kz reports referring to the Agency for Regulation and Development of Financial Market of Kazakhstan.

A total of 9,363 claims were filed based on the European Accident Statement in the first 9 months of 2024. Total payments reached KZT 1,480 billion, and the average settlement period was 15 days, the Agency for Regulation and Development of Financial Market of Kazakhstan reported.

For the period from January to September 2024, Kazakhstan's insurance sector grew by 40.12%, reaching KZT 1,210.27 billion (EUR 2.26 billion). Insurers' paid claims increased by 23.37% to KZT 240.92 billion (EUR 450.36 million), as shown by data published by the National Bank.

Total premiums in compulsory insurance of workers against accidents in Kazakhstan for January-August of this year amounted to KZT 95.3 billion (~EUR 0.18 billion), which is 61.4% more y-o-y. It is noted that this class shows significant growth for the third year in a row, Allinsurance.kz writes.

Nomad Insurance, one of the top-10 insurance companies in Kazakhstan, has announced a reinsurance agreement with Coca-Cola HBC, one of the largest beverage producers in the world, the insurer said in its statement.

AM Best agency confirmed Eurasia's financial strength rating at B++ and its long-term credit rating at bbb+ with a stable outlook, the insurer reports. It is noted that the company has maintained the highest rating among all insurance companies in Kazakhstan from AM Best for many years.