KAZAKHSTAN: assets of TOP-3 at the end of March amounted to almost half of the market assets
At the end of the first quarter, the total number of participants on the insurance market was 27, and 6 of those companies operating in the non-life sector recorded a decrease in assets.
The leader in terms of assets is EURASIA, which increased assets by 15.1% y-o-y, to KZT 270.2 billion (~EUR 0.63 billion), followed by subsidiary insurers of Halyk Bank: Halyk-Life (KZT 144.3 billion or EUR 0.33 billion) and Halyk (KZT 130.9 billion or EUR 0.3 billion). In total, assets of the TOP-3 insurers made up almost half of the insurance assets (49.3%). Fourth and fifth places were taken by NOMAD Life and VICTORY.