Insurance market of Kazakhstan up by 27.4% y/y in Jan-Aug.

By bne IntelliNews October 17, 2012
In Jan-Aug, the income premiums of Kazakh insurance market reached KZT155.4bn, up by 27.4% y/y. Within the market there is a slight decrease in concentration. Thus, the share of the five leaders as of Sep 1 amounted to 46.6% of total premiums collected by insurers of Kazakhstan. The primacy is traditionally held by Eurasia Insurance Company, occupying 14.3% of the market; NOMAD -life took the second position to collect 8.9% of all premiums, Almaty International Insurance Group took the third position with 8.6%, Halyk - Kazakhinstrakh Insurance Company is the forth in respect of collected premiums with the result of 8.4%, and the fifth, NOMAD -Insurance, with a share of 6.4%

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