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The Insurance Industry in Kazakhstan, Key Trends and Opportunities to 2017 - Product Image

The Insurance Industry in Kazakhstan, Key Trends and Opportunities to 2017

  • Published: July 2013
  • Region: Kazakhstan
  • 128 Pages
  • Timetric

FEATURED COMPANIES

  • Eurasia Insurance Company
  • Halyk-Kazakhinstrakh JSC
  • Kazkommerts- Policy
  • Kazkommerts-Life
  • Nomad Insurance
  • Oil Insurance Company
  • MORE

Kazakhstan has maintained steady economic growth during the review period (2008-2012), and expansion is expected to continue throughout the forecast period. The Kazakh insurance industry registered a CAGR of 11.3% during the review period. Growth is attributed to the life segment which registered an increased at a staggering CAGR of 76%. The non-life segment which accounted for 58.7% of total written premiums in 2012, recorded a moderate CAGR of 1.2 % during the review period. The life insurance segment is expected to record growth over the forecast period. It is dominated by the general annuity category.

Synopsis

The report provides in depth market analysis, information and insights into the insurance market in Kazakhstan, including:

- The Kazakhstan insurance market’s growth prospects by insurance segments and sub-segments
- The competitive landscape in the Kazakhstan insurance market
- The current trends and drivers of the Kazakhstan insurance market
- The challenges facing the Kazakhstan insurance market
- The regulatory framework of the Kazakhstan insurance market

Scope

This report provides a comprehensive analysis of the insurance READ MORE >

1 Executive Summary

2 Introduction
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology

3 Kazakh Insurance Industry Overview
3.1 Market Definition
3.2 Kazakh Insurance Industry – Market Size, 2008–2017
3.3 Key Industry Trends and Drivers
3.4 Challenges
3.5 Regulation

4 Market Segmentation
4.1 Life Insurance Growth Prospects by Category
4.1.1 Individual life insurance category
4.1.2 General annuity insurance category
4.2 Non-Life Insurance Growth Prospects by Category
4.2.1 Property insurance category
4.2.2 Motor insurance category
4.2.3 Liability insurance category
4.2.4 Marine, Aviation and Transit insurance sub- category
4.3 Personal Accident and Health Insurance Growth Prospects by Category
4.3.1 Personal accident insurance category
4.3.2 Health insurance category
4.4 Reinsurance Market Size by Insurance Industry, 2008–2017

5 Competitive Landscape
5.1 Overview
5.2 Leading Companies
5.2.1 Halyk-Kazakhinstrakh JSC – company overview
5.2.2 Eurasia Insurance Company – company overview
5.2.3 Nomad Insurance – company overview
5.2.4 Kazkommerts- Policy – company overview
5.2.5 Oil Insurance Company– company overview
5.2.6 Kazkommerts-Life – company overview

6 Macroeconomic Indicators
6.1 GDP at constant prices (US dollar)
6.2 GDP Per Capita at Constant Prices (US dollar)
6.3 GDP at Current Prices (US dollar)
6.4 Construction Output at Current Prices (US$ Billion)
6.5 Construction Net Output at Current Prices as a Percentage of GDP
6.6 Arable Land
6.7 Exports as a Percentage of GDP
6.8 Number of Air Passengers
6.9 Healthcare Expenditure Per Capita
6.10 Employed population
6.11 Annual Disposable Income
6.12 Annual Disposable Income Per Capita
6.13 Total Population

7 Appendix
7.1 Methodology
7.2 Contact Us
7.3 About Timetric
7.4 Disclaimer

List of Tables

Table 1: Insurance Industry Definitions
Table 2: Kazakh Insurance Overall Written Premium by Segment (KZT Billion), 2008–2012
Table 3: Kazakh Insurance Overall Written Premium by Segment (USD Billion), 2008–2012
Table 4: Kazakh Insurance Overall Written Premium by Segment (KZT Billion), 2012–2017
Table 5: Kazakh Insurance Overall Written Premium by Segment (USD Billion), 2012–2017
Table 6: Kazakh Insurance Segmentation (% Share), 2008–2017
Table 7: Kazakh Life Insurance Written Premium by Category (KZT Billion), 2008–2012
Table 8: Kazakh Life Insurance Written Premium by Category (USD Billion), 2008–2012
Table 9: Kazakh Life Insurance Written Premium by Category (KZT Billion), 2012–2017
Table 10: Kazakh Life Insurance Written Premium by Category (USD Billion), 2012–2017
Table 11: Kazakh Life Insurance – Paid Claims (KZT Billion), 2008–2012
Table 12: Kazakh Life Insurance – Paid Claims (KZT Billion), 2012–2017
Table 13: Kazakh Life Insurance – Incurred Loss (KZT Billion), 2008–2012
Table 14: Kazakh Life Insurance – Incurred Loss (KZT Billion), 2012–2017
Table 15: Kazakh Life Insurance – Loss Ratio (%), 2008–2012
Table 16: Kazakh Life Insurance – Loss Ratio (%), 2012–2017
Table 17: Kazakh Life Insurance – Combined Ratio (%), 2008–2012
Table 18: Kazakh Life Insurance – Combined Ratio (%), 2012–2017
Table 19: Kazakh Life Insurance – Total Assets (KZT Billion), 2008–2012
Table 20: Kazakh Life Insurance – Total Assets (KZT Billion), 2012–2017
Table 21: Kazakh Life Insurance – Total Investment Income (KZT Billion), 2008–2012
Table 22: Kazakh Life Insurance – Total Investment Income (KZT Billion), 2012–2017
Table 23: Kazakh Life Insurance – Retentions (KZT Billion), 2008–2012
Table 24: Kazakh Life Insurance – Retentions (KZT Billion), 2012–2017
Table 25: Kazakh Life Insurance – Investment (KZT Billion), 2008–2012
Table 26: Kazakh Individual Life Insurance Category – Written Premium (KZT Billion), 2008–2012
Table 27: Kazakh Individual Life Insurance Category – Written Premium (KZT Billion), 2012–2017
Table 28: Kazakh General Annuity Insurance Category – Written Premium (KZT Billion), 2008–2012
Table 29: Kazakh General Annuity Insurance Category – Written Premium (KZT Billion), 2012–2017
Table 30: Kazakh Non-Life Insurance Written Premium by Category (KZT Billion), 2008–2012
Table 31: Kazakh Non-Life Insurance Written Premium by Category (US$ Billion), 2008–2012
Table 32: Kazakh Non-Life Insurance Written Premium by Category (KZT Billion), 2012–2017
Table 33: Kazakh Non-Life Insurance Written Premium by Category (US$ Billion), 2012–2017
Table 34: Kazakh Non-Life Insurance Market – Paid Claim (KZT Billion), 2008–2012
Table 35: Kazakh Non-Life Insurance Market – Paid Claim (KZT Billion), 2012–2017
Table 36: Kazakh Non-Life Insurance Industry – Incurred Loss (KZT Billion), 2008–2012
Table 37: Kazakh Non-Life Insurance Industry – Incurred Loss (KZT Billion), 2012–2017
Table 38: Kazakh Non-Life Insurance – Loss Ratio (%), 2008–2012
Table 39: Kazakh Non-Life Insurance – Loss Ratio (%), 2012–2017
Table 40: Kazakh Non-Life Insurance – Combined Ratio (%), 2008–2012
Table 41: Kazakh Non-Life Insurance – Combined Ratio (%), 2012–2017
Table 42: Kazakh Non-Life Insurance – Total Assets (KZT Billion), 2008–2012
Table 43: Kazakh Non-Life Insurance – Total Assets (KZT Billion), 2012–2017
Table 44: Kazakh Non-Life Insurance – Total Investment Income (KZT Billion), 2008–2012
Table 45: Kazakh Non-Life Insurance – Total Investment Income (KZT Billion), 2012–2017
Table 46: Kazakh Non-Life Insurance – Retentions (KZT Billion), 2008–2012
Table 47: Kazakh Non-Life Insurance – Retentions (KZT Billion), 2012–2017
Table 48: Kazakh Property Insurance Category – Written Premium (KZT Billion), 2008–2012
Table 49: Kazakh Property Insurance Category – Written Premium (KZT Billion), 2012–2017
Table 50: Kazakh Motor Insurance Category – Written Premium (KZT Billion), 2008–2012
Table 51: Kazakh Motor Insurance Category – Written Premium (KZT Billion), 2012–2017
Table 52: Kazakh Liability Insurance Category – Written Premium (KZT Billion), 2008–2012
Table 53: Kazakh Liability Insurance Category – Written Premium (KZT Billion), 2012–2017
Table 54: Kazakh Marine, Aviation and Transit Insurance– Written Premium (KZT Billion), 2008–2012
Table 55: Kazakh Marine, Aviation and Transit Insurance– Written Premium (KZT Billion), 2012–2017
Table 56: Kazakh Personal Accident and Health Insurance Written Premium by Category (KZT Billion), 2008–2012
Table 57: Kazakh Personal Accident and Health Insurance Written Premium by Category (US$ Billion), 2008–2012
Table 58: Kazakh Personal Accident and Health Insurance Written Premium by Category (KZT Billion), 2012–2017
Table 59: Kazakh Personal Accident and Health Insurance Written Premium by Category (US$ Billion), 2012–2017
Table 60: Kazakh Personal Accident and Health Insurance Segment – Paid Claim (KZT Billion), 2008–2012
Table 61: Kazakh Personal Accident and Health Insurance Segment – Paid Claims (KZT Billion), 2012–2017
Table 62: Kazakh Personal Accident and Health Insurance Segment– Incurred Loss (KZT Billion), 2008–2012
Table 63: Kazakh Personal Accident and Health Insurance Segment – Incurred Loss (KZT Billion), 2012–2017
Table 64: Kazakh Personal Accident and Health Insurance Segment – Loss Ratio (%), 2008–2012
Table 65: Kazakh Personal Accident and Health Insurance – Loss Ratio (%), 2012–2017
Table 66: Kazakh Personal Accident and Health Insurance – Combined Ratio (%), 2008–2012
Table 67: Kazakh Personal Accident and Health Insurance – Combined Ratio (%), 2012–2017
Table 68: Kazakh Personal Accident and Health Insurance –Total Assets (KZT Billion), 2008–2012
Table 69: Kazakh Personal Accident and Health Insurance – Total Assets (KZT Billion), 2012–2017
Table 70: Kazakh Personal Accident and Health Insurance – Total Investment Income (KZT Billion), 2008–2012
Table 71: Kazakh Personal Accident and Health Insurance – Total Investment Income (KZT Billion), 2012–2017
Table 72: Kazakh Personal Accident and Health Insurance – Retentions (KZT Billion), 2008–2012
Table 73: Kazakh Personal Accident and Health Insurance – Retentions (KZT Billion), 2012–2017
Table 74: Kazakh Personal Accident Insurance Category – Written Premium (KZT Billion), 2008–2012
Table 75: Kazakh Personal Accident Insurance Category – Written Premium (KZT Billion), 2012–2017
Table 76: Kazakh Health Insurance Category – Written Premium (KZT Billion), 2008–2012
Table 77: Kazakh Health Insurance Category – Written Premium (KZT Billion), 2012–2017
Table 78: Reinsurance Ceded by Kazakh Insurance Kazakh Industry (KZT Billion), 2008–2012
Table 79: Reinsurance Ceded by Kazakh Insurance Industry (US$ Billion), 2008–2012
Table 80: Reinsurance Ceded by Kazakh Insurance Industry (KZT Billion), 2012–2017
Table 81: Reinsurance Ceded by Kazakh Insurance Market (US$ Billion), 2012–2017
Table 82: Kazakh Life Insurance – Percentage of Reinsurance Ceded (%), 2008–2012
Table 83: Kazakh Life Insurance – Percentage of Reinsurance Ceded (%), 2012–2017
Table 84: Kazakh Non-Life Insurance – Percentage of Reinsurance Ceded (%), 2008–2012
Table 85: Kazakh Non-Life Insurance – Percentage of Reinsurance Ceded (%), 2012–2017
Table 86: Kazakh Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2008–2012
Table 87: Kazakh Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2012–2017
Table 88: Kazakh Insurance Market Share, 2012
Table 89: Halyk-Kazakhinstrakh JSC, Main Products
Table 90: Halyk-Kazakhinstrakh JSC, Key Employees
Table 91: Eurasia Insurance Company, Main Products
Table 92: Eurasia Insurance Company, Key Employees
Table 93: Nomad Insurance, Main Products
Table 94: Nomad Insurance, Key Employees
Table 95: Kazkommerts-Policy, Main Products
Table 96: Kazkommerts-Policy, Key Employees
Table 97: Oil Insurance Company, Main Products
Table 98: Oil Insurance Company, Key Employees
Table 99: Kazkommerts-Life, Main Products
Table 100: Kazkommerts-Life, Key Employees

List of Figures

Figure 1: Kazakh Insurance Overall Written Premium by Segment (KZT Billion), 2008–2017
Figure 2: Kazakh Insurance Market Dynamics by Segment, 2008–2017
Figure 3: Kazakh Life Insurance Written Premium by Category (KZT Billion), 2008–2017
Figure 4: Kazakh Life Insurance Written Premium by Category (% Share), 2012 and 2017
Figure 5: Life Insurance Market Dynamics by Category, 2008–2017
Figure 6: Kazakh Life Insurance – Paid Claims (KZT Billion), 2008–2012
Figure 7: Kazakh Life Insurance – Paid Claims (KZT Billion), 2012–2017
Figure 8: Kazakh Life Insurance – Incurred Loss (KZT Billion), 2008–2012
Figure 9: Kazakh Life Insurance – Incurred Loss (KZT Billion), 2012–2017
Figure 10: Kazakh Life Insurance – Loss Ratio (%), 2008–2012
Figure 11: Kazakh Life Insurance – Loss Ratio (%), 2012–2017
Figure 12: Kazakh Life Insurance – Combined Ratio (%), 2008–2012
Figure 13: Kazakh Life Insurance – Combined Ratio (%), 2012–2017
Figure 14: Kazakh Life Insurance – Total Assets (KZT Billion), 2008–2012
Figure 15: Kazakh Life Insurance – Total Assets (KZT Billion), 2012–2017
Figure 16: Kazakh Life Insurance – Total Investment Income (KZT Billion), 2008–2012
Figure 17: Kazakh Life Insurance – Total Investment Income (KZT Billion), 2012–2017
Figure 18: Kazakh Life Insurance – Retentions (KZT Billion), 2008–2012
Figure 19: Kazakh Life Insurance – Retentions (KZT Billion), 2012–2017
Figure 20: Kazakh Life Insurance – Investment (KZT Billion), 2008–2012
Figure 21: Kazakh Life Insurance Penetration (% of GDP), 2008–2012
Figure 22: Kazakh Life Insurance – Premium Per-Capita (KZT), 2008–2012
Figure 23: Kazakh Individual Life Insurance Category – Written Premium (KZT Billion), 2008–2012
Figure 24: Kazakh Individual Life Insurance Category – Written Premium (KZT Billion), 2012–2017
Figure 25: Kazakh General Annuity Insurance Category – Written Premium (KZT Billion), 2008–2012
Figure 26: Kazakh General Annuity Insurance Category – Written Premium (KZT Billion), 2012–2017
Figure 27: Kazakh Non-Life Insurance Written Premium by Category (KZT Billion), 2008–2017
Figure 28: Kazakh Non-Life Insurance Written Premium by Category (% Share), 2012 and 2017
Figure 29: Kazakh Non-Life Insurance Market Dynamics by Category, 2008–2017
Figure 30: Kazakh Non-Life Insurance – Paid Claims by Category (KZT Billion), 2008–2012
Figure 31: Kazakh Non-Life Insurance – Paid Claims (KZT Billion), 2012–2017
Figure 32: Kazakh Non-Life Insurance Industry – Incurred Loss (KZT Billion), 2008–2012
Figure 33: Kazakh Non-Life Insurance Industry – Incurred Loss by Category (KZT Billion), 2008–2017
Figure 34: Kazakh Non-Life Insurance – Loss Ratio (%), 2008–2012
Figure 35: Kazakh Non-Life Insurance – Loss Ratio (%), 2012–2017
Figure 36: Kazakh Non-Life Insurance – Combined Ratio (%), 2008–2012
Figure 37: Kazakh Non-Life Insurance – Combined Ratio (%), 2012–2017
Figure 38: Kazakh Non-Life Insurance – Total Assets (KZT Billion), 2008–2012
Figure 39: Kazakh Non-Life Insurance – Total Assets (KZT Billion), 2012–2017
Figure 40: Kazakh Non-Life Insurance – Total Investment Income (KZT Billion), 2008–2012
Figure 41: Kazakh Non-Life Insurance – Total Investment Income (KZT Billion), 2012–2017
Figure 42: Kazakh Non-Life Insurance – Retentions (KZT Billion), 2008–2012
Figure 43: Kazakh Non-Life Insurance – Retentions (USD Billion), 2012–2017
Figure 44: Kazakh Non-Life Insurance – Investment (KZT Billion), 2008–2012
Figure 45: Kazakh Non-Life Insurance Penetration (% of GDP), 2008–2012
Figure 46: Kazakh Non-Life Insurance – Premium Per Capita (KZT), 2008– 2012
Figure 47: Kazakh Property Insurance Category – Written Premium (KZT Billion), 2008–2012
Figure 48: Kazakh Property Insurance Category – Written Premium (KZT Billion), 2012–2017
Figure 49: Kazakh Motor Insurance Category – Written Premium (KZT Billion), 2008–2012
Figure 50: Kazakh Motor Insurance Category – Written Premium (KZT Billion), 2012–2017
Figure 51: Kazakh Liability Insurance Category – Written Premium (KZT Billion), 2008–2012
Figure 52: Kazakh Liability Insurance Category – Written Premium (KZT Billion), 2012–2017
Figure 53: Kazakh Marine, Aviation and Transit Insurance– Written Premium (KZT Billion), 2008–2012
Figure 54: Kazakh Marine, Aviation and Transit Insurance– Written Premium (KZT Billion), 2012–2017
Figure 55: Kazakh Personal Accident and Health Insurance Written Premium by Category (KZT Billion), 2008–2017
Figure 56: Kazakh Personal Accident and Health Insurance Written Premium by Category (% Share), 2012 and 2017
Figure 57: Kazakh Personal Accident and Health Insurance Market Dynamics by Category, 2008–2017
Figure 58: Kazakh Personal Accident and Health Insurance Segment– Paid Claims by Category (KZT Billion), 2008–2012
Figure 59: Kazakh Personal Accident and Health Insurance Segment – Paid Claims (KZT Billion), 2012–2017
Figure 60: Kazakh Personal Accident and Health Insurance Segment – Incurred Loss (KZT Billion), 2008–2012
Figure 61: Kazakh Personal Accident and Health Insurance Segment – Incurred Loss by Category (KZT Billion), 2008–2017
Figure 62: Kazakh Personal Accident and Health Insurance Segment – Loss Ratio (%), 2008–2012
Figure 63: Kazakh Personal Accident and Health Insurance – Loss Ratio (%), 2012–2017
Figure 64: Kazakh Personal Accident and Health Insurance – Combined Ratio (%), 2008–2012
Figure 65: Kazakh Personal Accident and Health Insurance – Combined Ratio (%), 2012–2017
Figure 66: Kazakh Personal Accident and Health Insurance –Total Assets (KZT Billion), 2008– 2012
Figure 67: Kazakh Personal Accident and Health Insurance – Total Assets (KZT Billion), 2012–2017
Figure 68: Kazakh Personal Accident and Health Insurance – Total Investment Income (KZT Billion), 2008–2012
Figure 69: Kazakh Personal Accident and Health Insurance – Total Investment Income (KZT Billion), 2012–2017
Figure 70: Kazakh Personal Accident and Health Insurance – Retentions (KZT Billion), 2008–2012
Figure 71: Kazakh Personal Accident and Health Insurance – Retentions (USD Billion), 2012–2017
Figure 72: Kazakh Personal Accident and Health Insurance – Investment (KZT Billion), 2008–2012
Figure 73: Kazakh Personal Accident and Health Insurance Penetration (% of GDP), 2008–2012
Figure 74: Kazakh Personal Accident and Health Insurance – Premium Per Capita (KZT), 2008–2012
Figure 75: Kazakh Personal Accident Insurance Category – Written Premium (KZT Billion), 2008–2012
Figure 76: Kazakh Personal Accident Insurance Category – Written Premium (KZT Billion), 2012–2017
Figure 77: Kazakh Health Insurance Category – Written Premium (KZT Billion), 2008–2012
Figure 78: Kazakh Health Insurance Category – Written Premium (KZT Billion), 2012–2017
Figure 79: Kazakh Reinsurance Ceded by Insurance Market (KZT Billion), 2008–2017
Figure 80: Kazakh Reinsurance Market Dynamics by Insurance Market, 2008–2017
Figure 81: Kazakh Life Insurance – Percentage of Reinsurance Ceded (%), 2008–2012
Figure 82: Kazakh Life Insurance – Percentage of Reinsurance Ceded (%), 2012–2017
Figure 83: Kazakh Non-Life Insurance – Percentage of Reinsurance Ceded (%), 2008–2012
Figure 84: Kazakh Non-Life Insurance – Percentage of Reinsurance Ceded (%), 2012–2017
Figure 85: Kazakh Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2008–2012
Figure 86: Kazakh Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2012–2017
Figure 87: Kazakh Insurance Market – Market Share 2012
Figure 88: Kazakh GDP at Constant Prices (US$ Billion), 2008–2012
Figure 89: Kazakh GDP Per Capita at Constant Prices (US$), 2008–2012
Figure 90: Kazakh GDP at Current Prices (US$ Billion), 2008–2012
Figure 91: Kazakh Construction Net Output at Current Prices (US$ Billion), 2008–2012
Figure 92: Kazakh Construction Output at Current Prices as a Percentage of GDP (%), 2008–2012
Figure 93: Kazakh Arable Land ( ‘000 hectares), 2008–2012
Figure 94: Kazakh Exports as a Percentage of GDP (%), 2008–2012
Figure 95: Kazakh Number of Air Passengers (Million), 2008–2012
Figure 96: Kazakh Healthcare Expenditure Per Capita (US$), 2008–2012
Figure 97: Kazakh Employed Population (%), 2008–2012
Figure 98: Kazakh Annual Disposable Income (US$ Billion), 2008–2012
Figure 99: Kazakh Annual Disposable Income Per Capita (US$), 2008–2012
Figure 100: Kazakh Total Population (Million), 2008–2012

- Eurasia Insurance Company
- Halyk-Kazakhinstrakh JSC
- Kazkommerts- Policy
- Kazkommerts-Life
- Nomad Insurance
- Oil Insurance Company

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