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The              Insurance                         Industry                      in            Kazakhstan,     Key     Trends       and
Opportunities to 2016
Published on November 2012

                                                                                                                       Report Summary

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


Summary
Kazakhstan has maintained steady economic growth during the review period and expansion is expected to continue throughout the
forecast period. The Kazakh insurance industry registered a CAGR of 3.7% during the review period. Growth is attributed to the life
segment which increased at a staggering CAGR of 57%. The non-life segment however, which in 2011 dominated the industry with
83.2% of total written premiums, recorded a marginal decline of 0.1%. The life insurance segment is expected to record growth over
the forecast period. It is dominated by the general annuity category.


Scope
This report provides a comprehensive analysis of the insurance market in Kazakhstan:
' It provides historical values for the Kazakhstan insurance market for the report's 2007'2011 review period and forecast figures for the
2012'2016 forecast period
' It offers a detailed analysis of the key segments and sub-segments in the Kazakhstan insurance market, along with market forecasts
until 2016
' It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined
ratio, total assets, total investment income and retentions
' It profiles the top insurance companies in Kazakhstan and outlines the key regulations affecting them


Reasons To Buy
' Make strategic business decisions using in depth historic and forecast market data related in the Kazakhstan insurance industry and
each segment within it
' Understand the demand-side dynamics, key market trends and growth opportunities within the Kazakhstan insurance market
' Assess the competitive dynamics in the the Kazakhstan insurance market
' Identify the growth opportunities and market dynamics within key segments
' Gain insights into key regulations governing the Kazakhstan insurance market and its impact on companies and the industry's future


Key Highlights
' Kazakhstan has maintained steady economic growth during the review period and expansion is expected to continue throughout the
forecast period.
' The Kazakh insurance industry registered a CAGR of 3.7% during the review period.
' Growth is attributed to the life segment which increased at a staggering CAGR of 57%.
' The non-life segment however, which in 2011 dominated the industry with 83.2% of total written premiums, recorded a marginal


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decline of 0.1%.
' The life insurance segment is expected to record growth over the forecast period. It is dominated by the general annuity category.




                                                                                                                     Table of Content

Table of Contents
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, 2007'2016
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, 2007'2016
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



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6.7 Exports as a Percentage of GDP
6.8 Number of Air Passengers
6.9 Healthcare Expenditure Per Capita
6.1 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), 2007'2011
Table 3: Kazakh Insurance Overall Written Premium by Segment (USD Billion), 2007'2011
Table 4: Kazakh Insurance Overall Written Premium by Segment (KZT Billion), 2011'2016
Table 5: Kazakh Insurance Overall Written Premium by Segment (USD Billion), 2011'2016
Table 6: Kazakh Insurance Segmentation (% Share), 2007'2016
Table 7: Kazakh Life Insurance Written Premium by Category (KZT Billion), 2007'2011
Table 8: Kazakh Life Insurance Written Premium by Category (USD Billion), 2007'2011
Table 9: Kazakh Life Insurance Written Premium by Category (KZT Billion), 2011'2016
Table 10: Kazakh Life Insurance Written Premium by Category (USD Billion), 2011'2016
Table 11: Kazakh Life Insurance ' Paid Claims (KZT Billion), 2007'2011
Table 12: Kazakh Life Insurance ' Paid Claims (KZT Billion), 2011'2016
Table 13: Kazakh Life Insurance ' Incurred Loss (KZT Billion), 2007'2011
Table 14: Kazakh Life Insurance ' Incurred Loss (KZT Billion), 2011'2016
Table 15: Kazakh Life Insurance ' Loss Ratio (%), 2007'2011
Table 16: Kazakh Life Insurance ' Loss Ratio (%), 2011'2016
Table 17: Kazakh Life Insurance ' Combined Ratio (%), 2007'2011
Table 18: Kazakh Life Insurance ' Combined Ratio (%), 2011'2016
Table 19: Kazakh Life Insurance ' Total Assets (KZT Billion), 2007'2011
Table 20: Kazakh Life Insurance ' Total Assets (KZT Billion), 2011'2016
Table 21: Kazakh Life Insurance ' Total Investment Income (KZT Billion), 2007'2011
Table 22: Kazakh Life Insurance ' Total Investment Income (KZT Billion), 2011'2016
Table 23: Kazakh Life Insurance ' Retentions (KZT Billion), 2007'2011
Table 24: Kazakh Life Insurance ' Retentions (KZT Billion), 2011'2016
Table 25: Kazakh Life Insurance ' Investment (KZT Billion), 2007'2011
Table 26: Kazakh Individual Life Insurance Category ' Written Premium (KZT Billion), 2007'2011
Table 27: Kazakh Individual Life Insurance Category ' Written Premium (KZT Billion), 2011'2016
Table 28: Kazakh General Annuity Insurance Category ' Written Premium (KZT Billion), 2007'2011
Table 29: Kazakh General Annuity Insurance Category ' Written Premium (KZT Billion), 2011'2016
Table 30: Kazakh Non-Life Insurance Written Premium by Category (KZT Billion), 2007'2011
Table 31: Kazakh Non-Life Insurance Written Premium by Category (US$ Billion), 2007'2011
Table 32: Kazakh Non-Life Insurance Written Premium by Category (KZT Billion), 2011'2016
Table 33: Kazakh Non-Life Insurance Written Premium by Category (US$ Billion), 2011'2016
Table 34: Kazakh Non-Life Insurance Market ' Paid Claim (KZT Billion), 2007'2011



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Table 35: Kazakh Non-Life Insurance Market ' Paid Claim (KZT Billion), 2011'2016
Table 36: Kazakh Non-Life Insurance Industry ' Incurred Loss (KZT Billion), 2007'2011
Table 37: Kazakh Non-Life Insurance Industry ' Incurred Loss (KZT Billion), 2011'2016
Table 38: Kazakh Non-Life Insurance ' Loss Ratio (%), 2007'2011
Table 39: Kazakh Non-Life Insurance ' Loss Ratio (%), 2011'2016
Table 40: Kazakh Non-Life Insurance ' Combined Ratio (%), 2007'2011
Table 41: Kazakh Non-Life Insurance ' Combined Ratio (%), 2011'2016
Table 42: Kazakh Non-Life Insurance ' Total Assets (KZT Billion), 2007'2011
Table 43: Kazakh Non-Life Insurance ' Total Assets (KZT Billion), 2011'2016
Table 44: Kazakh Non-Life Insurance ' Total Investment Income (KZT Billion), 2007'2011
Table 45: Kazakh Non-Life Insurance ' Total Investment Income (KZT Billion), 2011'2016
Table 46: Kazakh Non-Life Insurance ' Retentions (KZT Billion), 2007'2011
Table 47: Kazakh Non-Life Insurance ' Retentions (KZT Billion), 2011'2016
Table 48: Kazakh Property Insurance Category ' Written Premium (KZT Billion), 2007'2011
Table 49: Kazakh Property Insurance Category ' Written Premium (KZT Billion), 2011'2016
Table 50: Kazakh Motor Insurance Category ' Written Premium (KZT Billion), 2007'2011
Table 51: Kazakh Motor Insurance Category ' Written Premium (KZT Billion), 2011'2016
Table 52: Kazakh Liability Insurance Category ' Written Premium (KZT Billion), 2007'2011
Table 53: Kazakh Liability Insurance Category ' Written Premium (KZT Billion), 2011'2016
Table 54: Kazakh Marine, Aviation and Transit Insurance' Written Premium (KZT Billion), 2007'2011
Table 55: Kazakh Marine, Aviation and Transit Insurance' Written Premium (KZT Billion), 2011'2016
Table 56: Kazakh Personal Accident and Health Insurance Written Premium by Category (KZT Billion), 2007'2011
Table 57: Kazakh Personal Accident and Health Insurance Written Premium by Category (US$ Billion), 2007'2011
Table 58: Kazakh Personal Accident and Health Insurance Written Premium by Category (KZT Billion), 2011'2016
Table 59: Kazakh Personal Accident and Health Insurance Written Premium by Category (US$ Billion), 2011'2016
Table 60: Kazakh Personal Accident and Health Insurance Segment ' Paid Claim (KZT Billion), 2007'2011
Table 61: Kazakh Personal Accident and Health Insurance Segment ' Paid Claims (KZT Billion), 2011'2016
Table 62: Kazakh Personal Accident and Health Insurance Segment' Incurred Loss (KZT Billion), 2007'2011
Table 63: Kazakh Personal Accident and Health Insurance Segment ' Incurred Loss (KZT Billion), 2011'2016
Table 64: Kazakh Personal Accident and Health Insurance Segment ' Loss Ratio (%), 2007'2011
Table 65: Kazakh Personal Accident and Health Insurance ' Loss Ratio (%), 2011'2016
Table 66: Kazakh Personal Accident and Health Insurance ' Combined Ratio (%), 2007'2011
Table 67: Kazakh Personal Accident and Health Insurance ' Combined Ratio (%), 2011'2016
Table 68: Kazakh Personal Accident and Health Insurance 'Total Assets (KZT Billion), 2007'2011
Table 69: Kazakh Personal Accident and Health Insurance ' Total Assets (KZT Billion), 2011'2016
Table 70: Kazakh Personal Accident and Health Insurance ' Total Investment Income (KZT Billion), 2007'2011
Table 71: Kazakh Personal Accident and Health Insurance ' Total Investment Income (KZT Billion), 2011'2016
Table 72: Kazakh Personal Accident and Health Insurance ' Retentions (KZT Billion), 2007'2011
Table 73: Kazakh Personal Accident and Health Insurance ' Retentions (KZT Billion), 2011'2016
Table 74: Kazakh Personal Accident Insurance Category ' Written Premium (KZT Billion), 2007'2011
Table 75: Kazakh Personal Accident Insurance Category ' Written Premium (KZT Billion), 2011'2016
Table 76: Kazakh Health Insurance Category ' Written Premium (KZT Billion), 2007'2011
Table 77: Kazakh Health Insurance Category ' Written Premium (KZT Billion), 2011'2016
Table 78: Reinsurance Ceded by Kazakh Insurance Kazakh Industry (KZT Billion), 2007'2011
Table 79: Reinsurance Ceded by Kazakh Insurance Industry (US$ Billion), 2007'2011
Table 80: Reinsurance Ceded by Kazakh Insurance Industry (KZT Billion), 2011'2016
Table 81: Reinsurance Ceded by Kazakh Insurance Market (US$ Billion), 2011'2016
Table 82: Kazakh Life Insurance ' Percentage of Reinsurance Ceded (%), 2007'2011



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Table 83: Kazakh Life Insurance ' Percentage of Reinsurance Ceded (%), 2011'2016
Table 84: Kazakh Non-Life Insurance ' Percentage of Reinsurance Ceded (%), 2007'2011
Table 85: Kazakh Non-Life Insurance ' Percentage of Reinsurance Ceded (%), 2011'2016
Table 86: Kazakh Personal Accident and Health Insurance ' Percentage of Reinsurance Ceded (%), 2007'2011
Table 87: Kazakh Personal Accident and Health Insurance ' Percentage of Reinsurance Ceded (%), 2011'2016
Table 88: Kazakh Insurance Market Share, 2011
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), 2007'2016
Figure 2: Kazakh Insurance Market Dynamics by Segment, 2007'2016
Figure 3: Kazakh Life Insurance Written Premium by Category (KZT Billion), 2007'2016
Figure 4: Kazakh Life Insurance Written Premium by Category (% Share), 2011 and 2016
Figure 5: Life Insurance Market Dynamics by Category, 2007'2016
Figure 6: Kazakh Life Insurance ' Paid Claims (KZT Billion), 2007'2011
Figure 7: Kazakh Life Insurance ' Paid Claims (KZT Billion), 2011'2016
Figure 8: Kazakh Life Insurance ' Incurred Loss (KZT Billion), 2007'2011
Figure 9: Kazakh Life Insurance ' Incurred Loss (KZT Billion), 2011'2016
Figure 10: Kazakh Life Insurance ' Loss Ratio (%), 2007'2011
Figure 11: Kazakh Life Insurance ' Loss Ratio (%), 2011'2016
Figure 12: Kazakh Life Insurance ' Combined Ratio (%), 2007'2011
Figure 13: Kazakh Life Insurance ' Combined Ratio (%), 2011'2016
Figure 14: Kazakh Life Insurance ' Total Assets (KZT Billion), 2007'2011
Figure 15: Kazakh Life Insurance ' Total Assets (KZT Billion), 2011'2016
Figure 16: Kazakh Life Insurance ' Total Investment Income (KZT Billion), 2007'2011
Figure 17: Kazakh Life Insurance ' Total Investment Income (KZT Billion), 2011'2016
Figure 18: Kazakh Life Insurance ' Retentions (KZT Billion), 2007'2011
Figure 19: Kazakh Life Insurance ' Retentions (KZT Billion), 2011'2016
Figure 20: Kazakh Life Insurance ' Investment (KZT Billion), 2007'2011
Figure 21: Kazakh Life Insurance Penetration (% of GDP), 2007'2011
Figure 22: Kazakh Life Insurance ' Premium Per-Capita (KZT), 2007'2011
Figure 23: Kazakh Individual Life Insurance Category ' Written Premium (KZT Billion), 2007'2011
Figure 24: Kazakh Individual Life Insurance Category ' Written Premium (KZT Billion), 2011'2016
Figure 25: Kazakh General Annuity Insurance Category ' Written Premium (KZT Billion), 2007'2011
Figure 26: Kazakh General Annuity Insurance Category ' Written Premium (KZT Billion), 2011'2016
Figure 27: Kazakh Non-Life Insurance Written Premium by Category (KZT Billion), 2007'2016
Figure 28: Kazakh Non-Life Insurance Written Premium by Category (% Share), 2011 and 2016



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Figure 29: Kazakh Non-Life Insurance Market Dynamics by Category, 2007'2016
Figure 30: Kazakh Non-Life Insurance ' Paid Claims by Category (KZT Billion), 2007'2011
Figure 31: Kazakh Non-Life Insurance ' Paid Claims (KZT Billion), 2011'2016
Figure 32: Kazakh Non-Life Insurance Industry ' Incurred Loss (KZT Billion), 2007'2011
Figure 33: Kazakh Non-Life Insurance Industry ' Incurred Loss by Category (KZT Billion), 2007'2016
Figure 34: Kazakh Non-Life Insurance ' Loss Ratio (%), 2007'2011
Figure 35: Kazakh Non-Life Insurance ' Loss Ratio (%), 2011'2016
Figure 36: Kazakh Non-Life Insurance ' Combined Ratio (%), 2007'2011
Figure 37: Kazakh Non-Life Insurance ' Combined Ratio (%), 2011'2016
Figure 38: Kazakh Non-Life Insurance ' Total Assets (KZT Billion), 2007'2011
Figure 39: Kazakh Non-Life Insurance ' Total Assets (KZT Billion), 2011'2016
Figure 40: Kazakh Non-Life Insurance ' Total Investment Income (KZT Billion), 2007'2011
Figure 41: Kazakh Non-Life Insurance ' Total Investment Income (KZT Billion), 2011'2016
Figure 42: Kazakh Non-Life Insurance ' Retentions (KZT Billion), 2007'2011
Figure 43: Kazakh Non-Life Insurance ' Retentions (USD Billion), 2011'2016
Figure 44: Kazakh Non-Life Insurance ' Investment (KZT Billion), 2007'2011
Figure 45: Kazakh Non-Life Insurance Penetration (% of GDP), 2007'2011
Figure 46: Kazakh Non-Life Insurance ' Premium Per Capita (KZT), 2007' 2011
Figure 47: Kazakh Property Insurance Category ' Written Premium (KZT Billion), 2007'2011
Figure 48: Kazakh Property Insurance Category ' Written Premium (KZT Billion), 2011'2016
Figure 49: Kazakh Motor Insurance Category ' Written Premium (KZT Billion), 2007'2011
Figure 50: Kazakh Motor Insurance Category ' Written Premium (KZT Billion), 2011'2016
Figure 51: Kazakh Liability Insurance Category ' Written Premium (KZT Billion), 2007'2011
Figure 52: Kazakh Liability Insurance Category ' Written Premium (KZT Billion), 2011'2016
Figure 53: Kazakh Marine, Aviation and Transit Insurance' Written Premium (KZT Billion), 2007'2011
Figure 54: Kazakh Marine, Aviation and Transit Insurance' Written Premium (KZT Billion), 2011'2016
Figure 55: Kazakh Personal Accident and Health Insurance Written Premium by Category (KZT Billion), 2007'2016
Figure 56: Kazakh Personal Accident and Health Insurance Written Premium by Category (% Share), 2011 and 2016
Figure 57: Kazakh Personal Accident and Health Insurance Market Dynamics by Category, 2007'2016
Figure 58: Kazakh Personal Accident and Health Insurance Segment' Paid Claims by Category (KZT Billion), 2007'2011
Figure 59: Kazakh Personal Accident and Health Insurance Segment ' Paid Claims (KZT Billion), 2011'2016
Figure 60: Kazakh Personal Accident and Health Insurance Segment ' Incurred Loss (KZT Billion), 2007'2011
Figure 61: Kazakh Personal Accident and Health Insurance Segment ' Incurred Loss by Category (KZT Billion), 2007'2016
Figure 62: Kazakh Personal Accident and Health Insurance Segment ' Loss Ratio (%), 2007'2011
Figure 63: Kazakh Personal Accident and Health Insurance ' Loss Ratio (%), 2011'2016
Figure 64: Kazakh Personal Accident and Health Insurance ' Combined Ratio (%), 2007'2011
Figure 65: Kazakh Personal Accident and Health Insurance ' Combined Ratio (%), 2011'2016
Figure 66: Kazakh Personal Accident and Health Insurance 'Total Assets (KZT Billion), 2007' 2011
Figure 67: Kazakh Personal Accident and Health Insurance ' Total Assets (KZT Billion), 2011'2016
Figure 68: Kazakh Personal Accident and Health Insurance ' Total Investment Income (KZT Billion), 2007'2011
Figure 69: Kazakh Personal Accident and Health Insurance ' Total Investment Income (KZT Billion), 2011'2016
Figure 70: Kazakh Personal Accident and Health Insurance ' Retentions (KZT Billion), 2007'2011
Figure 71: Kazakh Personal Accident and Health Insurance ' Retentions (USD Billion), 2011'2016
Figure 72: Kazakh Personal Accident and Health Insurance ' Investment (KZT Billion), 2007'2011
Figure 73: Kazakh Personal Accident and Health Insurance Penetration (% of GDP), 2007'2011
Figure 74: Kazakh Personal Accident and Health Insurance ' Premium Per Capita (KZT), 2007'2011
Figure 75: Kazakh Personal Accident Insurance Category ' Written Premium (KZT Billion), 2007'2011
Figure 76: Kazakh Personal Accident Insurance Category ' Written Premium (KZT Billion), 2011'2016



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Figure 77: Kazakh Health Insurance Category ' Written Premium (KZT Billion), 2007'2011
Figure 78: Kazakh Health Insurance Category ' Written Premium (KZT Billion), 2011'2016
Figure 79: Kazakh Reinsurance Ceded by Insurance Market (KZT Billion), 2007'2016
Figure 80: Kazakh Reinsurance Market Dynamics by Insurance Market, 2007'2016
Figure 81: Kazakh Life Insurance ' Percentage of Reinsurance Ceded (%), 2007'2011
Figure 82: Kazakh Life Insurance ' Percentage of Reinsurance Ceded (%), 2011'2016
Figure 83: Kazakh Non-Life Insurance ' Percentage of Reinsurance Ceded (%), 2007'2011
Figure 84: Kazakh Non-Life Insurance ' Percentage of Reinsurance Ceded (%), 2011'2016
Figure 85: Kazakh Personal Accident and Health Insurance ' Percentage of Reinsurance Ceded (%), 2007'2011
Figure 86: Kazakh Personal Accident and Health Insurance ' Percentage of Reinsurance Ceded (%), 2011'2016
Figure 87: Kazakh Insurance Market ' Market Share 2011
Figure 88: Kazakh GDP at Constant Prices (US$ Billion), 2007'2011
Figure 89: Kazakh GDP Per Capita at Constant Prices (US$), 2007'2011
Figure 90: Kazakh GDP at Current Prices (US$ Billion), 2007'2011
Figure 91: Kazakh Construction Net Output at Current Prices (US$ Billion), 2007'2011
Figure 92: Kazakh Construction Output at Current Prices as a Percentage of GDP (%), 2007'2011
Figure 93: Kazakh Arable Land ( '000 hectares), 2007'2011
Figure 94: Kazakh Exports as a Percentage of GDP (%), 2007'2011
Figure 95: Kazakh Number of Air Passengers (Million), 2007'2011
Figure 96: Kazakh Healthcare Expenditure Per Capita (US$), 2007'2011
Figure 97: Kazakh Employed Population (%), 2007'2011
Figure 98: Kazakh Annual Disposable Income (US$ Billion), 2007'2011
Figure 99: Kazakh Annual Disposable Income Per Capita (US$), 2007'2011
Figure 100: Kazakh Total Population (Million), 2007'2011




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The Insurance Industry in Kazakhstan, Key Trends and Opportunities to 2016

  • 1. Find Industry reports, Company profiles ReportLinker and Market Statistics >> Get this Report Now by email! The Insurance Industry in Kazakhstan, Key Trends and Opportunities to 2016 Published on November 2012 Report Summary 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 Summary Kazakhstan has maintained steady economic growth during the review period and expansion is expected to continue throughout the forecast period. The Kazakh insurance industry registered a CAGR of 3.7% during the review period. Growth is attributed to the life segment which increased at a staggering CAGR of 57%. The non-life segment however, which in 2011 dominated the industry with 83.2% of total written premiums, recorded a marginal decline of 0.1%. The life insurance segment is expected to record growth over the forecast period. It is dominated by the general annuity category. Scope This report provides a comprehensive analysis of the insurance market in Kazakhstan: ' It provides historical values for the Kazakhstan insurance market for the report's 2007'2011 review period and forecast figures for the 2012'2016 forecast period ' It offers a detailed analysis of the key segments and sub-segments in the Kazakhstan insurance market, along with market forecasts until 2016 ' It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions ' It profiles the top insurance companies in Kazakhstan and outlines the key regulations affecting them Reasons To Buy ' Make strategic business decisions using in depth historic and forecast market data related in the Kazakhstan insurance industry and each segment within it ' Understand the demand-side dynamics, key market trends and growth opportunities within the Kazakhstan insurance market ' Assess the competitive dynamics in the the Kazakhstan insurance market ' Identify the growth opportunities and market dynamics within key segments ' Gain insights into key regulations governing the Kazakhstan insurance market and its impact on companies and the industry's future Key Highlights ' Kazakhstan has maintained steady economic growth during the review period and expansion is expected to continue throughout the forecast period. ' The Kazakh insurance industry registered a CAGR of 3.7% during the review period. ' Growth is attributed to the life segment which increased at a staggering CAGR of 57%. ' The non-life segment however, which in 2011 dominated the industry with 83.2% of total written premiums, recorded a marginal The Insurance Industry in Kazakhstan, Key Trends and Opportunities to 2016 (From Slideshare) Page 1/9
  • 2. Find Industry reports, Company profiles ReportLinker and Market Statistics >> Get this Report Now by email! decline of 0.1%. ' The life insurance segment is expected to record growth over the forecast period. It is dominated by the general annuity category. Table of Content Table of Contents 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, 2007'2016 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, 2007'2016 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 The Insurance Industry in Kazakhstan, Key Trends and Opportunities to 2016 (From Slideshare) Page 2/9
  • 3. Find Industry reports, Company profiles ReportLinker and Market Statistics >> Get this Report Now by email! 6.7 Exports as a Percentage of GDP 6.8 Number of Air Passengers 6.9 Healthcare Expenditure Per Capita 6.1 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), 2007'2011 Table 3: Kazakh Insurance Overall Written Premium by Segment (USD Billion), 2007'2011 Table 4: Kazakh Insurance Overall Written Premium by Segment (KZT Billion), 2011'2016 Table 5: Kazakh Insurance Overall Written Premium by Segment (USD Billion), 2011'2016 Table 6: Kazakh Insurance Segmentation (% Share), 2007'2016 Table 7: Kazakh Life Insurance Written Premium by Category (KZT Billion), 2007'2011 Table 8: Kazakh Life Insurance Written Premium by Category (USD Billion), 2007'2011 Table 9: Kazakh Life Insurance Written Premium by Category (KZT Billion), 2011'2016 Table 10: Kazakh Life Insurance Written Premium by Category (USD Billion), 2011'2016 Table 11: Kazakh Life Insurance ' Paid Claims (KZT Billion), 2007'2011 Table 12: Kazakh Life Insurance ' Paid Claims (KZT Billion), 2011'2016 Table 13: Kazakh Life Insurance ' Incurred Loss (KZT Billion), 2007'2011 Table 14: Kazakh Life Insurance ' Incurred Loss (KZT Billion), 2011'2016 Table 15: Kazakh Life Insurance ' Loss Ratio (%), 2007'2011 Table 16: Kazakh Life Insurance ' Loss Ratio (%), 2011'2016 Table 17: Kazakh Life Insurance ' Combined Ratio (%), 2007'2011 Table 18: Kazakh Life Insurance ' Combined Ratio (%), 2011'2016 Table 19: Kazakh Life Insurance ' Total Assets (KZT Billion), 2007'2011 Table 20: Kazakh Life Insurance ' Total Assets (KZT Billion), 2011'2016 Table 21: Kazakh Life Insurance ' Total Investment Income (KZT Billion), 2007'2011 Table 22: Kazakh Life Insurance ' Total Investment Income (KZT Billion), 2011'2016 Table 23: Kazakh Life Insurance ' Retentions (KZT Billion), 2007'2011 Table 24: Kazakh Life Insurance ' Retentions (KZT Billion), 2011'2016 Table 25: Kazakh Life Insurance ' Investment (KZT Billion), 2007'2011 Table 26: Kazakh Individual Life Insurance Category ' Written Premium (KZT Billion), 2007'2011 Table 27: Kazakh Individual Life Insurance Category ' Written Premium (KZT Billion), 2011'2016 Table 28: Kazakh General Annuity Insurance Category ' Written Premium (KZT Billion), 2007'2011 Table 29: Kazakh General Annuity Insurance Category ' Written Premium (KZT Billion), 2011'2016 Table 30: Kazakh Non-Life Insurance Written Premium by Category (KZT Billion), 2007'2011 Table 31: Kazakh Non-Life Insurance Written Premium by Category (US$ Billion), 2007'2011 Table 32: Kazakh Non-Life Insurance Written Premium by Category (KZT Billion), 2011'2016 Table 33: Kazakh Non-Life Insurance Written Premium by Category (US$ Billion), 2011'2016 Table 34: Kazakh Non-Life Insurance Market ' Paid Claim (KZT Billion), 2007'2011 The Insurance Industry in Kazakhstan, Key Trends and Opportunities to 2016 (From Slideshare) Page 3/9
  • 4. Find Industry reports, Company profiles ReportLinker and Market Statistics >> Get this Report Now by email! Table 35: Kazakh Non-Life Insurance Market ' Paid Claim (KZT Billion), 2011'2016 Table 36: Kazakh Non-Life Insurance Industry ' Incurred Loss (KZT Billion), 2007'2011 Table 37: Kazakh Non-Life Insurance Industry ' Incurred Loss (KZT Billion), 2011'2016 Table 38: Kazakh Non-Life Insurance ' Loss Ratio (%), 2007'2011 Table 39: Kazakh Non-Life Insurance ' Loss Ratio (%), 2011'2016 Table 40: Kazakh Non-Life Insurance ' Combined Ratio (%), 2007'2011 Table 41: Kazakh Non-Life Insurance ' Combined Ratio (%), 2011'2016 Table 42: Kazakh Non-Life Insurance ' Total Assets (KZT Billion), 2007'2011 Table 43: Kazakh Non-Life Insurance ' Total Assets (KZT Billion), 2011'2016 Table 44: Kazakh Non-Life Insurance ' Total Investment Income (KZT Billion), 2007'2011 Table 45: Kazakh Non-Life Insurance ' Total Investment Income (KZT Billion), 2011'2016 Table 46: Kazakh Non-Life Insurance ' Retentions (KZT Billion), 2007'2011 Table 47: Kazakh Non-Life Insurance ' Retentions (KZT Billion), 2011'2016 Table 48: Kazakh Property Insurance Category ' Written Premium (KZT Billion), 2007'2011 Table 49: Kazakh Property Insurance Category ' Written Premium (KZT Billion), 2011'2016 Table 50: Kazakh Motor Insurance Category ' Written Premium (KZT Billion), 2007'2011 Table 51: Kazakh Motor Insurance Category ' Written Premium (KZT Billion), 2011'2016 Table 52: Kazakh Liability Insurance Category ' Written Premium (KZT Billion), 2007'2011 Table 53: Kazakh Liability Insurance Category ' Written Premium (KZT Billion), 2011'2016 Table 54: Kazakh Marine, Aviation and Transit Insurance' Written Premium (KZT Billion), 2007'2011 Table 55: Kazakh Marine, Aviation and Transit Insurance' Written Premium (KZT Billion), 2011'2016 Table 56: Kazakh Personal Accident and Health Insurance Written Premium by Category (KZT Billion), 2007'2011 Table 57: Kazakh Personal Accident and Health Insurance Written Premium by Category (US$ Billion), 2007'2011 Table 58: Kazakh Personal Accident and Health Insurance Written Premium by Category (KZT Billion), 2011'2016 Table 59: Kazakh Personal Accident and Health Insurance Written Premium by Category (US$ Billion), 2011'2016 Table 60: Kazakh Personal Accident and Health Insurance Segment ' Paid Claim (KZT Billion), 2007'2011 Table 61: Kazakh Personal Accident and Health Insurance Segment ' Paid Claims (KZT Billion), 2011'2016 Table 62: Kazakh Personal Accident and Health Insurance Segment' Incurred Loss (KZT Billion), 2007'2011 Table 63: Kazakh Personal Accident and Health Insurance Segment ' Incurred Loss (KZT Billion), 2011'2016 Table 64: Kazakh Personal Accident and Health Insurance Segment ' Loss Ratio (%), 2007'2011 Table 65: Kazakh Personal Accident and Health Insurance ' Loss Ratio (%), 2011'2016 Table 66: Kazakh Personal Accident and Health Insurance ' Combined Ratio (%), 2007'2011 Table 67: Kazakh Personal Accident and Health Insurance ' Combined Ratio (%), 2011'2016 Table 68: Kazakh Personal Accident and Health Insurance 'Total Assets (KZT Billion), 2007'2011 Table 69: Kazakh Personal Accident and Health Insurance ' Total Assets (KZT Billion), 2011'2016 Table 70: Kazakh Personal Accident and Health Insurance ' Total Investment Income (KZT Billion), 2007'2011 Table 71: Kazakh Personal Accident and Health Insurance ' Total Investment Income (KZT Billion), 2011'2016 Table 72: Kazakh Personal Accident and Health Insurance ' Retentions (KZT Billion), 2007'2011 Table 73: Kazakh Personal Accident and Health Insurance ' Retentions (KZT Billion), 2011'2016 Table 74: Kazakh Personal Accident Insurance Category ' Written Premium (KZT Billion), 2007'2011 Table 75: Kazakh Personal Accident Insurance Category ' Written Premium (KZT Billion), 2011'2016 Table 76: Kazakh Health Insurance Category ' Written Premium (KZT Billion), 2007'2011 Table 77: Kazakh Health Insurance Category ' Written Premium (KZT Billion), 2011'2016 Table 78: Reinsurance Ceded by Kazakh Insurance Kazakh Industry (KZT Billion), 2007'2011 Table 79: Reinsurance Ceded by Kazakh Insurance Industry (US$ Billion), 2007'2011 Table 80: Reinsurance Ceded by Kazakh Insurance Industry (KZT Billion), 2011'2016 Table 81: Reinsurance Ceded by Kazakh Insurance Market (US$ Billion), 2011'2016 Table 82: Kazakh Life Insurance ' Percentage of Reinsurance Ceded (%), 2007'2011 The Insurance Industry in Kazakhstan, Key Trends and Opportunities to 2016 (From Slideshare) Page 4/9
  • 5. Find Industry reports, Company profiles ReportLinker and Market Statistics >> Get this Report Now by email! Table 83: Kazakh Life Insurance ' Percentage of Reinsurance Ceded (%), 2011'2016 Table 84: Kazakh Non-Life Insurance ' Percentage of Reinsurance Ceded (%), 2007'2011 Table 85: Kazakh Non-Life Insurance ' Percentage of Reinsurance Ceded (%), 2011'2016 Table 86: Kazakh Personal Accident and Health Insurance ' Percentage of Reinsurance Ceded (%), 2007'2011 Table 87: Kazakh Personal Accident and Health Insurance ' Percentage of Reinsurance Ceded (%), 2011'2016 Table 88: Kazakh Insurance Market Share, 2011 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), 2007'2016 Figure 2: Kazakh Insurance Market Dynamics by Segment, 2007'2016 Figure 3: Kazakh Life Insurance Written Premium by Category (KZT Billion), 2007'2016 Figure 4: Kazakh Life Insurance Written Premium by Category (% Share), 2011 and 2016 Figure 5: Life Insurance Market Dynamics by Category, 2007'2016 Figure 6: Kazakh Life Insurance ' Paid Claims (KZT Billion), 2007'2011 Figure 7: Kazakh Life Insurance ' Paid Claims (KZT Billion), 2011'2016 Figure 8: Kazakh Life Insurance ' Incurred Loss (KZT Billion), 2007'2011 Figure 9: Kazakh Life Insurance ' Incurred Loss (KZT Billion), 2011'2016 Figure 10: Kazakh Life Insurance ' Loss Ratio (%), 2007'2011 Figure 11: Kazakh Life Insurance ' Loss Ratio (%), 2011'2016 Figure 12: Kazakh Life Insurance ' Combined Ratio (%), 2007'2011 Figure 13: Kazakh Life Insurance ' Combined Ratio (%), 2011'2016 Figure 14: Kazakh Life Insurance ' Total Assets (KZT Billion), 2007'2011 Figure 15: Kazakh Life Insurance ' Total Assets (KZT Billion), 2011'2016 Figure 16: Kazakh Life Insurance ' Total Investment Income (KZT Billion), 2007'2011 Figure 17: Kazakh Life Insurance ' Total Investment Income (KZT Billion), 2011'2016 Figure 18: Kazakh Life Insurance ' Retentions (KZT Billion), 2007'2011 Figure 19: Kazakh Life Insurance ' Retentions (KZT Billion), 2011'2016 Figure 20: Kazakh Life Insurance ' Investment (KZT Billion), 2007'2011 Figure 21: Kazakh Life Insurance Penetration (% of GDP), 2007'2011 Figure 22: Kazakh Life Insurance ' Premium Per-Capita (KZT), 2007'2011 Figure 23: Kazakh Individual Life Insurance Category ' Written Premium (KZT Billion), 2007'2011 Figure 24: Kazakh Individual Life Insurance Category ' Written Premium (KZT Billion), 2011'2016 Figure 25: Kazakh General Annuity Insurance Category ' Written Premium (KZT Billion), 2007'2011 Figure 26: Kazakh General Annuity Insurance Category ' Written Premium (KZT Billion), 2011'2016 Figure 27: Kazakh Non-Life Insurance Written Premium by Category (KZT Billion), 2007'2016 Figure 28: Kazakh Non-Life Insurance Written Premium by Category (% Share), 2011 and 2016 The Insurance Industry in Kazakhstan, Key Trends and Opportunities to 2016 (From Slideshare) Page 5/9
  • 6. Find Industry reports, Company profiles ReportLinker and Market Statistics >> Get this Report Now by email! Figure 29: Kazakh Non-Life Insurance Market Dynamics by Category, 2007'2016 Figure 30: Kazakh Non-Life Insurance ' Paid Claims by Category (KZT Billion), 2007'2011 Figure 31: Kazakh Non-Life Insurance ' Paid Claims (KZT Billion), 2011'2016 Figure 32: Kazakh Non-Life Insurance Industry ' Incurred Loss (KZT Billion), 2007'2011 Figure 33: Kazakh Non-Life Insurance Industry ' Incurred Loss by Category (KZT Billion), 2007'2016 Figure 34: Kazakh Non-Life Insurance ' Loss Ratio (%), 2007'2011 Figure 35: Kazakh Non-Life Insurance ' Loss Ratio (%), 2011'2016 Figure 36: Kazakh Non-Life Insurance ' Combined Ratio (%), 2007'2011 Figure 37: Kazakh Non-Life Insurance ' Combined Ratio (%), 2011'2016 Figure 38: Kazakh Non-Life Insurance ' Total Assets (KZT Billion), 2007'2011 Figure 39: Kazakh Non-Life Insurance ' Total Assets (KZT Billion), 2011'2016 Figure 40: Kazakh Non-Life Insurance ' Total Investment Income (KZT Billion), 2007'2011 Figure 41: Kazakh Non-Life Insurance ' Total Investment Income (KZT Billion), 2011'2016 Figure 42: Kazakh Non-Life Insurance ' Retentions (KZT Billion), 2007'2011 Figure 43: Kazakh Non-Life Insurance ' Retentions (USD Billion), 2011'2016 Figure 44: Kazakh Non-Life Insurance ' Investment (KZT Billion), 2007'2011 Figure 45: Kazakh Non-Life Insurance Penetration (% of GDP), 2007'2011 Figure 46: Kazakh Non-Life Insurance ' Premium Per Capita (KZT), 2007' 2011 Figure 47: Kazakh Property Insurance Category ' Written Premium (KZT Billion), 2007'2011 Figure 48: Kazakh Property Insurance Category ' Written Premium (KZT Billion), 2011'2016 Figure 49: Kazakh Motor Insurance Category ' Written Premium (KZT Billion), 2007'2011 Figure 50: Kazakh Motor Insurance Category ' Written Premium (KZT Billion), 2011'2016 Figure 51: Kazakh Liability Insurance Category ' Written Premium (KZT Billion), 2007'2011 Figure 52: Kazakh Liability Insurance Category ' Written Premium (KZT Billion), 2011'2016 Figure 53: Kazakh Marine, Aviation and Transit Insurance' Written Premium (KZT Billion), 2007'2011 Figure 54: Kazakh Marine, Aviation and Transit Insurance' Written Premium (KZT Billion), 2011'2016 Figure 55: Kazakh Personal Accident and Health Insurance Written Premium by Category (KZT Billion), 2007'2016 Figure 56: Kazakh Personal Accident and Health Insurance Written Premium by Category (% Share), 2011 and 2016 Figure 57: Kazakh Personal Accident and Health Insurance Market Dynamics by Category, 2007'2016 Figure 58: Kazakh Personal Accident and Health Insurance Segment' Paid Claims by Category (KZT Billion), 2007'2011 Figure 59: Kazakh Personal Accident and Health Insurance Segment ' Paid Claims (KZT Billion), 2011'2016 Figure 60: Kazakh Personal Accident and Health Insurance Segment ' Incurred Loss (KZT Billion), 2007'2011 Figure 61: Kazakh Personal Accident and Health Insurance Segment ' Incurred Loss by Category (KZT Billion), 2007'2016 Figure 62: Kazakh Personal Accident and Health Insurance Segment ' Loss Ratio (%), 2007'2011 Figure 63: Kazakh Personal Accident and Health Insurance ' Loss Ratio (%), 2011'2016 Figure 64: Kazakh Personal Accident and Health Insurance ' Combined Ratio (%), 2007'2011 Figure 65: Kazakh Personal Accident and Health Insurance ' Combined Ratio (%), 2011'2016 Figure 66: Kazakh Personal Accident and Health Insurance 'Total Assets (KZT Billion), 2007' 2011 Figure 67: Kazakh Personal Accident and Health Insurance ' Total Assets (KZT Billion), 2011'2016 Figure 68: Kazakh Personal Accident and Health Insurance ' Total Investment Income (KZT Billion), 2007'2011 Figure 69: Kazakh Personal Accident and Health Insurance ' Total Investment Income (KZT Billion), 2011'2016 Figure 70: Kazakh Personal Accident and Health Insurance ' Retentions (KZT Billion), 2007'2011 Figure 71: Kazakh Personal Accident and Health Insurance ' Retentions (USD Billion), 2011'2016 Figure 72: Kazakh Personal Accident and Health Insurance ' Investment (KZT Billion), 2007'2011 Figure 73: Kazakh Personal Accident and Health Insurance Penetration (% of GDP), 2007'2011 Figure 74: Kazakh Personal Accident and Health Insurance ' Premium Per Capita (KZT), 2007'2011 Figure 75: Kazakh Personal Accident Insurance Category ' Written Premium (KZT Billion), 2007'2011 Figure 76: Kazakh Personal Accident Insurance Category ' Written Premium (KZT Billion), 2011'2016 The Insurance Industry in Kazakhstan, Key Trends and Opportunities to 2016 (From Slideshare) Page 6/9
  • 7. Find Industry reports, Company profiles ReportLinker and Market Statistics >> Get this Report Now by email! Figure 77: Kazakh Health Insurance Category ' Written Premium (KZT Billion), 2007'2011 Figure 78: Kazakh Health Insurance Category ' Written Premium (KZT Billion), 2011'2016 Figure 79: Kazakh Reinsurance Ceded by Insurance Market (KZT Billion), 2007'2016 Figure 80: Kazakh Reinsurance Market Dynamics by Insurance Market, 2007'2016 Figure 81: Kazakh Life Insurance ' Percentage of Reinsurance Ceded (%), 2007'2011 Figure 82: Kazakh Life Insurance ' Percentage of Reinsurance Ceded (%), 2011'2016 Figure 83: Kazakh Non-Life Insurance ' Percentage of Reinsurance Ceded (%), 2007'2011 Figure 84: Kazakh Non-Life Insurance ' Percentage of Reinsurance Ceded (%), 2011'2016 Figure 85: Kazakh Personal Accident and Health Insurance ' Percentage of Reinsurance Ceded (%), 2007'2011 Figure 86: Kazakh Personal Accident and Health Insurance ' Percentage of Reinsurance Ceded (%), 2011'2016 Figure 87: Kazakh Insurance Market ' Market Share 2011 Figure 88: Kazakh GDP at Constant Prices (US$ Billion), 2007'2011 Figure 89: Kazakh GDP Per Capita at Constant Prices (US$), 2007'2011 Figure 90: Kazakh GDP at Current Prices (US$ Billion), 2007'2011 Figure 91: Kazakh Construction Net Output at Current Prices (US$ Billion), 2007'2011 Figure 92: Kazakh Construction Output at Current Prices as a Percentage of GDP (%), 2007'2011 Figure 93: Kazakh Arable Land ( '000 hectares), 2007'2011 Figure 94: Kazakh Exports as a Percentage of GDP (%), 2007'2011 Figure 95: Kazakh Number of Air Passengers (Million), 2007'2011 Figure 96: Kazakh Healthcare Expenditure Per Capita (US$), 2007'2011 Figure 97: Kazakh Employed Population (%), 2007'2011 Figure 98: Kazakh Annual Disposable Income (US$ Billion), 2007'2011 Figure 99: Kazakh Annual Disposable Income Per Capita (US$), 2007'2011 Figure 100: Kazakh Total Population (Million), 2007'2011 The Insurance Industry in Kazakhstan, Key Trends and Opportunities to 2016 (From Slideshare) Page 7/9
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