Insurance and Risk Management

20.06.2022

Insurance market of Kazakhstan records losses

Insurance companies received losses due to volatility in the foreign exchange market of Kazakhstan. This was stated by Advisor to the Chairman of the Board of Freedom Insurance Azamat Kerimbaev. He noted that in connection with the events at the beginning of the year (rallies and the war in Ukraine),...

Insurance companies received losses due to volatility in the foreign exchange market of Kazakhstan. This was stated by Advisor to the Chairman of the Board of Freedom Insurance Azamat Kerimbaev. He noted that in connection with the events at the beginning of the year (rallies and the war in Ukraine),...

16.06.2022

Insurance market in Kazakhstan works in new way

Amendments to the legislation on the regulation of the insurance market and securities have been submitted to the President for signature. During the plenary session, the MP considered the remarks of the Senate on the draft law on regulation of the insurance market and securities. According to MP Dania Espayeva,...

Amendments to the legislation on the regulation of the insurance market and securities have been submitted to the President for signature. During the plenary session, the MP considered the remarks of the Senate on the draft law on regulation of the insurance market and securities. According to MP Dania Espayeva,...

01.06.2022

S&P affirms ratings of two Freedom Finance insurance companies

S&P affirmed the ratings of Freedom Finance Life and Freedom Finance Insurance at B. The agency explained that the credit rating was retained as no pressure on capital ratios, profitability or investment portfolio is expected due to the possible negative impact of the parent structure.

Thus, the agency confirmed the financial...

S&P affirmed the ratings of Freedom Finance Life and Freedom Finance Insurance at B. The agency explained that the credit rating was retained as no pressure on capital ratios, profitability or investment portfolio is expected due to the possible negative impact of the parent structure.

Thus, the agency confirmed the financial...

11.05.2022

Equity capital of insurance organisations decreases by 3% in March

In March 2022, the assets of insurance (reinsurance) organisations decreased by 2% and, as of April 1, amounted to 1.9 trillion tenge. The decrease in assets was mainly due to the revaluation of foreign currency assets. This is stated in the review of the Agency for Regulation and Development of...

In March 2022, the assets of insurance (reinsurance) organisations decreased by 2% and, as of April 1, amounted to 1.9 trillion tenge. The decrease in assets was mainly due to the revaluation of foreign currency assets. This is stated in the review of the Agency for Regulation and Development of...

06.04.2022

Insurance sector of Kazakhstan doubles its total retained earnings over year

The total income of insurance companies in Kazakhstan in January-February of this year reached 158.5 billion tenge, which is 42.9% more compared to the same period last year and almost 10 times higher than the figure recorded 10 years ago.

Expenses, in turn, increased by 31.6% on-year and in January-February 2022...

The total income of insurance companies in Kazakhstan in January-February of this year reached 158.5 billion tenge, which is 42.9% more compared to the same period last year and almost 10 times higher than the figure recorded 10 years ago.

Expenses, in turn, increased by 31.6% on-year and in January-February 2022...


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