KAZAKHSTAN: the market leader EURASIA is creating a new life insurer

The leader of the Kazakh insurance sector, EURASIA, is planning to create a new life insurer, according to the business information center Kapital.kz.

As the National Bank of Kazakhstan informed, on October 29, 2018 EURASIA received an official permit to create a life insurance company.

EURASIA is the market leader in terms of GWP and has been performing insurance activity since 1995. Besides the insurer keeps the 1st place in terms of assets (KZT 245.6 billion as of the end of September), the insurer's equity reached KZT 144.4 billion, and the profit of EURASIA for January-September 2018 amounted to KZT 35.8 billion. At the moment the Kazakh insurance market is represented by 7 life insurers.

*EUR 1 = KZT 420.91 (as of 30.09.2018)

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