Kazakhstan: since July 2017 Fund of social health insurance received almost KZT 71.9 billion

From July 1, 2017 to May 31, 2018 the Fund of social health insurance received about KZT 71.9 billion of premiums, as announced by the Fund. Only in May this year premiums amounted to KZT 8.5 billion. At that the current population of Kazakhstan is more than 18.2 million.

From the total amount received during the mentioned period 88.2% is the share of employers, and - 11.8% - premiums of individual entrepreneurs and persons, working under civil contracts. During the first phase all premiums are accumulated and controlled by the National Bank.

The law on compulsory social health insurance was signed in November 2015 for implementation of this compulsory insurance based on the concept of joint and several liabilities of government, employers and citizens, according to the portal allinsurance.kz. The Fund was established in 2016, but payment of premiums started from July 1, 2017. Implementation of the system of compulsory social health insurance is planned for 2019.





Follow XPRIMM Publications on LinkedIn, for more data on the insurance and financial industry.

Share |

Related articles

Moves on the Kazakh insurance market under the scrutiny of A.M.Best

A.M. Best will evaluate the impact that the merger transaction between the Kazakh Halyk-Kazakhinstrakh, Insurance Subsidiary Company of Halyk Bank of Kazakhstan, JSC (Kazakhinstrakh) and JSC IC Kazkommerts-Policy, on August 29, 2018, had on Kazakhinstrakh's Credit Rating.

2018-09-11

ON THE MOVE

Public insurers appoint Achim Bosch to reinsurer board

The supervisory bodies of Deutsche Ruckversicherung AG and the Association of German Public Insurers decided today, to appoint Achim Bosch (53) to the executive board of the two reinsurers, where he will be responsible for non-life reinsurance.

11.10.2018

TOP EVENT

HOEPKE, Munich Re: I expect at least a stable renewal round in 2019

After severe storm damage in Japan and the United States, Munich Re is looking with a little more optimism to the next renewal season. "I expect at least a stable renewal round in 2019," Board member Doris HOEPKE said in Baden-Baden. Until recently the reinsurer's expectations were leaning towards a stagnant season.

22.10.2018

photodune-3834701-laughing-girl-xs

Five new XPRIMM insurance reports on the Baden Baden stands

Five new titles are available this year on the XPRIMM Baden-Baden press stands opened in the Kurhaus Casino and in Baden Baden main locations, presenting the latest statistical data and comprehensive analysis for the CEE, SEE and CIS insurance markets.

21.10.2018

See all