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Kazakhstan Insurance Market: Trends, Challenges, Country Risk considerations

Recorded Wednesday, May 27, 2020

Kazakhstan's insurance market achieved rapid growth in 2019, driven by further development of the life segment, the introduction of new mandatory products and the roll out of electronic contracts for mandatory motor insurance. Following good development in 2019, the market was faced with a new and unprecedented challenge in 2020. As an oil-exporting country, Kazakhstan is dealing not only with the global coronavirus (COVID-19) pandemic, but with the economic fall-out from the resultant reduced demand for energy. Any projected contraction of the country’s gross domestic product (GDP) will have implications for premium volumes, particularly for commercial lines. 

In this webinar, attendees will hear about AM Best's recent market analysis of the Kazakhstan insurance market, including the impact of COVID-19 on insurers’ investments and underwriting, analysis of M&A activity in the market, solvency levels of local players, development of life insurance segment and online insurance, as well as a discussion on the difference between sovereign credit risk and AM Best's country risk considerations.

Join our panelists to discuss all these issues and much more in another insightful webinar session with leading analysts from AM Best. The webinar will be delivered in Russian language.

Panelists include:

  • Valeria Ermakova, Associate Director, Analytics, AM Best
  • Elena Abramova, Financial Analyst, AM Best

 

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