KAZAKHSTAN: GWP of the export insurance company KazakhExport in 2018 went up by more than 40% y-o-y

7 February 2019 — Marina MAGNAVAL
GWP of the export insurance company of Kazakhstan, according to the monitoring agency Finprom.kz, in 2018 amounted to KZT 2.7 billion, which is 40.8% more y-o-y. This is the maximal result ever reached by the company, as Allinsurance.kz wrote.

For 11 months in 2018 the trade turnover of Kazakhstan amounted to USD 84.3 billion, at that the share of export in trade amounted to 64.8%. In January-November 2018 export volume reached USD 54.7 billion (+27% y-o-y).

The export insurance company KazakhExport provides assistance to exporters in the form of export credit insurance, export trade financing, pre-export financing and others. In 2018 the total volume of accepted insurance obligations of KazakhExport for supporting domestic exporters amounted to KZT 90 billion (KZT 40 billion more y-o-y).

*EUR 1 = KZT 439.37 (as of 31.12.2018)

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