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Kazakhstan insurance market: Life insurance sector grew 76% between 2008-2012

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PR-Inside.com: 2014-04-23 16:33:01
Kazakhstan has maintained steady economic growth during the review period (2008-2012), and expansion is expected to continue throughout the forecast period. The Kazakh insurance industry registered a CAGR of 11.3% during the review period. Growth is attributed to the life segment which registered an increased at a staggering CAGR of 76%.

The non-life segment which accounted for 58.7% of total written premiums in 2012, recorded a moderate CAGR of 1.2 % during the review period. The life insurance segment is expected to record growth over the forecast period. It is dominated by the general annuity category.

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