As of October 1, 2026, Kazakhstan’s insurance sector comprised 25 companies, including 10 life insurance organizations.
Assets of insurance and reinsurance companies increased 4% in September to 4.8 trillion tenge. They have grown 21.7% since the beginning of the year, mainly due to higher investments in securities.
Securities accounted for the largest share of assets at 73.5%, or 3.5 trillion tenge. Cash and deposits in second-tier banks made up 9% (425.9 billion tenge), while insurance receivables accounted for 4.7% (224.6 billion tenge).
Liabilities rose 5.3% in September to 3.6 trillion tenge, bringing the increase since the start of the year to 29.6%. Equity fell 0.2% over the month to 1.1 trillion tenge. The sector recorded a net profit of 0.3 billion tenge in September and 87.8 billion tenge since the beginning of 2026.
Individuals and businesses entered into 13.1 million insurance contracts from the start of 2026, 30.4% fewer than in the same period last year. The number of accident insurance contracts fell 75.7%. The regulator linked the decrease to a cap on agents’ commissions for policies tied to bank loans, set at no more than 10% of the insurance premium.
Premiums accepted under insurance and reinsurance contracts totaled 193.4 billion tenge in September, up 63.6% from September 2025. The year-to-date total reached 1,434.7 billion tenge, an increase of 16.8%. Claims paid amounted to 54.5 billion tenge in September and 417.9 billion tenge since the beginning of the year, up 30.7% year on year.
