Non-Life Insurance in Kazakhstan
Summary
Non-Life Insurance in Kazakhstan industry profile provides top-line qualitative and quantitative summary information including: market size (value 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Non-life insurance is defined as any insurance not determined to be life insurance. It includes automobile and homeowners' policies and provides payments depending on the loss from a particular financial event. The market value is measured by the written premium generated by market players within a given year.
- The Kazakhstani non-life insurance market recorded written premiums of $1.8 billion in 2023, representing a compound annual growth rate (CAGR) of 16.0% between 2018 and 2023.
- The motor segment accounted for the market's largest proportion in 2023, with total written premiums of $0.5 billion, equivalent to 29.2% of the market's overall value.
- The Kazakhstani non-life insurance market is experiencing significant growth, driven by rising awareness of the importance of insurance in safeguarding assets and mitigating financial risks. Moreover, the growing elderly population is significantly boosting demand for health insurance policies, as aging individuals increasingly prioritize comprehensive coverage to manage rising medical expenses and long-term care needs. According to the United States Census Bureau, the population of individuals aged 65 and above in Kazakhstan reached 1.8 million in 2023, reflecting a 4.4% increase from the previous year.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the non-life insurance market in Kazakhstan
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the non-life insurance market in Kazakhstan
- Leading company profiles reveal details of key non-life insurance market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Kazakhstan non-life insurance market with five year forecasts
- What was the size of the Kazakhstan non-life insurance market by value in 2023?
- What will be the size of the Kazakhstan non-life insurance market in 2028?
- What factors are affecting the strength of competition in the Kazakhstan non-life insurance market?
- How has the market performed over the last five years?
- What are the main segments that make up Kazakhstan's non-life insurance market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Category segmentation
- 1.4. Geography segmentation
- 1.5. Market rivalry
- 1.6. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What are the strengths of the leading players?
- 8 Company Profiles
- 8.1. Eurasia Insurance Company
- 8.2. Kazakhmys Insurance JSC
- 8.3. NOMAD Insurance
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: Kazakhstan non-life insurance market value: $ billion, 2018-23
- Table 2: Kazakhstan non-life insurance market category segmentation: % share, by value, 2018-23
- Table 3: Kazakhstan non-life insurance market category segmentation: $ billion, 2018-23
- Table 4: Kazakhstan non-life insurance market geography segmentation: $ billion, 2023
- Table 5: Kazakhstan non-life insurance market value forecast: $ billion, 2023-28
- Table 6: Eurasia Insurance Company: Key Facts
- Table 7: Eurasia Insurance Company: Key Employees
- Table 8: Kazakhmys Insurance JSC: Key Facts
- Table 9: NOMAD Insurance: Key Facts
- Table 10: NOMAD Insurance: Key Employees
- Table 11: Kazakhstan Size of Population (million), 2019-23
- Table 12: Kazakhstan Real GDP (Constant 2010 Prices, $ Billion), 2019-23
- Table 13: Kazakhstan GDP (Current Prices, $ Billion), 2019-23
- Table 14: Kazakhstan Inflation, 2019-23
- Table 15: Kazakhstan Consumer Price Index (Absolute), 2019-23
- Table 16: Kazakhstan Exchange Rate, 2018-23
- List of Figures
- Figure 1: Kazakhstan non-life insurance market value: $ billion, 2018-23
- Figure 2: Kazakhstan non-life insurance market category segmentation: $ billion, 2018-23
- Figure 3: Kazakhstan non-life insurance market geography segmentation: % share, by value, 2023
- Figure 4: Kazakhstan non-life insurance market value forecast: $ billion, 2023-28
- Figure 5: Forces driving competition in the non-life insurance market in Kazakhstan, 2023
- Figure 6: Drivers of buyer power in the non-life insurance market in Kazakhstan, 2023
- Figure 7: Drivers of supplier power in the non-life insurance market in Kazakhstan, 2023
- Figure 8: Factors influencing the likelihood of new entrants in the non-life insurance market in Kazakhstan, 2023
- Figure 9: Factors influencing the threat of substitutes in the non-life insurance market in Kazakhstan, 2023
- Figure 10: Drivers of degree of rivalry in the non-life insurance market in Kazakhstan, 2023
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