KAZAKHSTAN: for 11 months in 2018 the market concentration increased by almost 14% y-o-y
The market specialists note also a significant difference between the market leader's share (27.1%) and the share of the last company in the ranking (5%).
Concentration of the general insurance sector is increasing mainly due to the growth of premiums as well as due to mergers. Thus, in 2018 2 companies experienced a merger: NURPOLICY consolidated with VICTORY; KAZKOMMERTS consolidated with KHALYK Kazakhinstrakh, and also another 2 insurers surrendered their licenses for insurance activity (SALEM and Alliance-Policy).
At the moment 22 companies have licenses for general insurance. 2 of them are at the stage of liquidation.
|Companies of general insurance||Market share for 11 months in 2017||Market share for 11 months in 2018||GWP change (01.12.2018 vs 01.12.2017)|