As of April 1, 2025, the insurance sector of the Republic of Kazakhstan is represented by 25 insurance organizations, including 10 life insurance organizations.

Assets of (re)insurance organizations in late March 2025 shrank by 0.3% to 3.2 trillion KZT (a 3.5% increase since the beginning of 2025) as a result of revaluation of securities valued at fair value (a 1.4% decrease).

As of April 1, 2025, securities account for the largest share in the asset structure – 73.7% (2.4 trillion KZT), cash and deposits in second-tier banks – 6.2% (200 billion KZT), insurance receivables – 4.6% (151 billion KZT).

Liabilities of (re)insurance organizations for March 2025 decreased by 0.7% to 2.3 trillion KZT (a 3.9% increase since the beginning of 2025) mainly as a result of repayment and a decrease in volume of direct repo transactions.

Equity capital of (re)insurance  organizations for March 2025 edged up by 0.4% or 4.1 billion KZT to 959 billion KZT, as a result of an increase in retained earnings for the reporting period (since the beginning of 2025, an increase of 1.5%). In March 2025, insurance organizations received a profit of 18.4 billion KZT (18.1 billion KZT net profit since the beginning of 2025).

Number of insurance contracts signed with individuals and legal entities since the beginning of 2025 was 6.0 million contracts, which is a 34.5% increase year-on-year. Main growth is reported in accident insurance contracts (a 108.3% surge or 1,437.4 k contracts).

Insurance premiums accepted under (re)insurance contracts for March 2025 reached 109.3 billion KZT. Since the beginning of 2025, insurance premiums amounted to 391.0 billion KZT, which is 21.9% more year-on-year.

Volume of insurance premiums for voluntary personal insurance in March 2025 amounted to 60.4 billion KZT, since the beginning of 2025 – 191.9 billion KZT, which is 50.4% or 64.3 billion KZT more than in the same period of 2024. The growth is mainly attributed to an increase in collected premiums for accident insurance by 2.9 times to 48.4 billion KZT and pension annuity insurance by 1.7 times to 67.4 billion KZT.

In voluntary property insurance, insurance premiums in March 2025 made 30.1 billion KZT, since the beginning of 2025 – 137.5 billion KZT, which is 0.1% more than in the same period last year. The growth is mainly due to a surge in collected premiums in the professional liability insurance class by 4 times to 8.1 billion KZT.

In March 2025, insurance premiums for compulsory insurance stood at 18.8 billion KZT, since the beginning of 2025 – 61.6 billion KZT, which is 10.2% more year-on-year. The growth is mainly connected with a 27.6% surge in premiums for civil liability insurance of vehicle owners to 27.5 billion KZT.

Insurance payments for March 2025 totaled 29.3 billion KZT, since the beginning of 2025 – 90.3 billion KZT, which is 39.2% more than in the same period of 2024, a total of 124.4 k payments were made.

Source : https://www.gov.kz/memleket/entities/ardfm/press/news/details/988333?lang=kk