Insurance and Risk Management

29.06.2022

Kazakhstanis become more interested in property insurance

In Kazakhstan, since the beginning of the year, there has been an increase in interest in property insurance. Yerzhan Zhakupov, Deputy Chairman of IC Freedom Finance Insurance, noted that the voluntary insurance market in Kazakhstan is at a rather low level. A small number of SMEs use voluntary types of...

In Kazakhstan, since the beginning of the year, there has been an increase in interest in property insurance. Yerzhan Zhakupov, Deputy Chairman of IC Freedom Finance Insurance, noted that the voluntary insurance market in Kazakhstan is at a rather low level. A small number of SMEs use voluntary types of...

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...


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