Kazakhstan Insurance Report - Business Monitor International - Industry Reports

Kazakhstan Insurance Report

Kazakhstan Insurance Report - Business Monitor International - Industry Reports
Kazakhstan Insurance Report
Published Sep 03, 2016
55 pages — Published Sep 03, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

Kazakhstan s life insurance segment could be considered a minor line at present, accounting for around a third of total premiums written in the country. Reflecting the limited scale of the Kazakh savings and investments and wider financial services sector on the one hand, the under-development of the market also owes partly to the fact that local life insurers have traditionally been minimal users of reinsurance. ...Kazakhstan s life insurance segment could be considered a minor line at present, accounting for around a third of total premiums written in the country. Reflecting the limited scale of the Kazakh savings and investments and wider financial services sector on the one hand, the under-development of the market also owes partly to the fact that local life insurers have traditionally been minimal users of reinsurance. This has limited the amount of business providers have been able to write and the range of products they ve been able to offer. ...Our Country Risk team forecasts real annual GDP growth to accelerate to -.- and -.- in ---- and ----, respectively, from -.- in ----. As the tenge strengthens, we forecast gross premiums to grow by --.- a year over ---------; this will see total life premiums

...Historically part of the USSR, Kazakhstan became independent in ----, the last of the former Soviet republics to do so. As a result, it had to build the life insurance sector from scratch. ...The population currently views life insurance as being a luxury product, and even though private disposable income has been rising, it is still relatively low when compared with other countries. Looking beyond the forecast period, we believe that Kazakhstan s life sector can only begin to realise its potential when consumers are better able to afford its products and can be convinced of their benefits. If these can be achieved, there is significant potential to profit from what remains a largely untapped market. ...Looking beyond the forecast period, we believe that Kazakhstan s life sector can only begin to realise its potential when consumers are better able to afford its products and can be convinced of their benefits. If these can be achieved, there is significant potential to profit from what remains a largely untapped market.

...An improving outlook for Kazakh economy is beginning to filter through into consumer markets and demand for life, health, motor and other major insurance lines. Rising oil prices and graduate strengthening of the tenge has lead BMI s Country Risk team to revise its headline economic forecasts, with real GDP set to grow by -.- in ---- before expanding by -.- a year over ---------. ...

  
Source:
Document ID
1752-8275
Country
Industry
Format:
PDF Adobe Acrobat
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Kazakhstan Insurance Report" Sep 03, 2016. Alacra Store. Dec 05, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Kazakhstan-Insurance-Report-2026-711>
  
APA:
Business Monitor International - Industry Reports. (2016). Kazakhstan Insurance Report Sep 03, 2016. New York, NY: Alacra Store. Retrieved Dec 05, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Kazakhstan-Insurance-Report-2026-711>
  
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