Kazakhstan

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Location map
author: OCHA/ ReliefWeb


Location:
- Central Asia, a small portion west of the Ural (Zhayyq) River in eastern-most Europe.
- Neighbours: Russia, Turkmenistan, Uzbekistan, Kyrgyzstan, China.

Climate:
- continental, cold winters and hot summers, arid and semiarid.

Natural hazards:
- earthquakes in the south;
- mudslides around Almaty.

Macro indicators
* 2018 estimates
Surface:2,724,900km2
Population*:18.5million
Pop. density*:6.8people/km2
GDP*:133.8EUR billion
GDP/capita*:7,246.8EUR

Currency: Tenge
Code: KZT
Since: 1993


Insurance market portfolio
* 2018 estimates
TOTAL LIFE*:23%
TOTAL NON-LIFE*:77%
Overall Property*:20%
Overall Motor*:21%

Sources:



 




STATISTICS: KAZAKHSTAN, 3Q2024: life insurance grows by more than 95%

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.



KAZAKHSTAN: AM Best confirms Eurasia's rating at B++

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.