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Kazakhstan Insurance Report |
Was: $1030.00 | |
| Now: $875.00 | ||
| You save: $155.00 (15%) |
The Kazakhstan Insurance Report
- Independent 5-year insurance industry forecast for Kazakhstan.
- Original insurance market research and insurance sector trend analysis for Kazakhstan’s insurance industry.
- Competitive intelligence, regional insurance company rankings and SWOT analyses on international and domestic insurance companies in Kazakhstan.
The Kazakhstan Insurance Report has been researched at source and features latest available data for annual insurance premiums and claims; assets and investments; 5-year insurance industry forecasts for Kazakhstan through end-; insurance company rankings and competitive landscapes for local insurers and multinational insurance subsidiaries in Kazakhstan; and analysis of the latest insurance industry developments, trends and regulatory changes in Kazakhstan.
Business Monitor International's Kazakhstan Insurance Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and regional competitive intelligence on the Kazakhstani insurance industry.
Coverage
Kazakhstan Insurance Sector At A Glance
Key insights into the insurance market, covering industry trends, key players and the regulatory environment, plus snapshots of life and non-life premium values in local currency and US$.
Evolution of the Kazakhstani Insurance Market
Analysis of recent developments in the local insurance market, including data on life and non-life premium values, density and penetration, dating from 1998.
BMI 5-Year Industry Forecasts for Kazakhstan
Analysis of market growth drivers, including 5-year projections (to end-) for premium values. Forecasts section also includes BMI risk ratings on local economy, politics and business environment. Industry indicators covered include:
Number of life and non-life insurance companies; total and per capita Property/Casualty premiums and claims; total and per capita Life/Health premiums and claims; total premium income; total claims/expenses; total operating expenses; total assets and investments; industry density (per capita premiums) and penetration (premiums as a portion of GDP)
BMI 5-Year Macroeconomic Forecast for Kazakhstan
BMI forecasts for all headline macroeconomic indicators, including real GDP growth, inflation, fiscal balance, trade balance, current account and external debt.
Insurance Company Rankings in Kazakhstan
Comparative company analyses and rankings by premium income (life and non-life).
Insurance Industry Competitive Landscape in Europe
A cross-border overview of key players and their market share across the region. Tables and graphs show country presence of multinationals throughout the region.
|
Kazakhstan Insurance Report |
Was: $1030.00 | |
| Now: $875.00 | ||
| You save: $155.00 (15%) |
Chapter - The Sector At A Glance |
| Table: The Kazakhstan Insurance Sector At A Glance |
| Key Insights On The Insurance Sector Of Kazakhstan |
| Kazakhstan Insurance Industry SWOT |
| Kazakhstan Political SWOT |
| Kazakhstan Economic SWOT |
| Latest News |
| Comment – The Global Financial Crisis |
| Table: Selected European Countries: Projected Budget And Current Account, 2008 (as % of GDP) |
| Other Recent Developments |
| Table: Gross Written Premiums, 2007 And 2008 (KZTmn) |
| Table: Insurance Data And Projections, 2005-2013 |
| Projections And Drivers Of Growth |
| Table: Growth Drivers, 2005-2013 |
Chapter - Country Update |
| Macroeconomic Outlook |
| Table: Kazakhstan „Ÿ Macroeconomic Activity, 2006-2013 |
| Political Outlook |
Chapter - Insurance Business Environment Rating |
| Table: kazakhstan Insurance Business Environment |
| Table 6: Comparison of Ratings |
Chapter - Regional Context |
| Table: Non-Life Premiums In A Regional Context, 2008 |
| Table: Life Premiums In A Regional Context, 2008 |
| Table: Comparison of Major Lines As % Non-Life Premiums, 2006 |
Chapter - Analysis Of Competitive Conditions |
| Table: Gross Written Premiums By Company, First 11 Months Of 2008 (KZTmn) |
Chapter - Company Profiles |
| AIG |
| Allianz |
Chapter - Country Snapshot: Kazakhstan Demographic Data |
| Section 1: Population |
| Table: Demographic Indicators, 2005-2030 |
| Table: Rural/Urban Breakdown, 2005-2030 |
| Section 2: Education And Healthcare |
| Table: Education, 2002-2005 |
| Table: Vital Statistics, 2005-2030 |
| Section 3: Labour Market And Spending Power |
| Table: Employment Indicators, 1999-2004 |
| Table: Consumer Expenditure, 2000-2012 (US$) |
| Table: Average Annual Wages, 2000-2012 |
Chapter - Methodology |
| Basis Of Projections |
| Insurance Business Environment Rating |
| Table: Insurance Business Environment Indicators And Rationale |
| Table: Weighting Of Indicators |
|
Kazakhstan Insurance Report |
Was: $1030.00 | |
| Now: $875.00 | ||
| You save: $155.00 (15%) |
Despite the notable lack of progress in political and democratic reforms, Kazakhstan’s relative stability and booming energy sector, continue to mark it as an ongoing prospect for cross border insurers. Of particular interest will be the expected absolute growth in non-life premiums, relative to other countries in the region, over the next five years. This should be quite large, and is an outcome which does not require spectacular GDP growth or a massive rise in the non-life penetration.
Such growth is off a very low base however. The weaknesses of the Kazakh insurance sector are clear and in particular, the almost non-existent life insurance segment, which accounts for just 4.1% of total premiums. This is compounded by the apparent lack of faith the Kazakhs have for making long-term savings through local financial institutions. The low level of assets of accumulative pension funds and their apparent growth of virtually zero highlight this.
Kazakhstan’s insurance sector should be noted as varying from those of other nations in the region and globally on a number of counts, a point highlighted by the relative unimportance of Compulsory Third Party Motor Liability insurance, which is normally the first line to develop in an emerging insurance market. In the non-life segment — which is dominated by a small number of local firms which are nonetheless tiny by international standards — property insurance accounts for the overwhelming majority of premiums.
Multi-national insurers are thin on the ground in Kazakhstan, which is evidence that the business environment and the regulatory regime represent a significant barrier to entry. This is in contrast to the Ukraine, another former soviet state, or the Baltic States. A case in point is the Global giant AIG ERGO and the major Austrian firms — are absent. So too are the enormous insurers that are based in the Asia Pacific region countries which are, over the long-term, potential buyers of Kazakh energy (and especially China).
It appears likely to remain the case that most of the larger players in Kazakhstan will continue doing business with the energy sector and, in some cases, remain in effect captive insurers. A lot of the risk in this market is being laid off with reinsurers. Some of the smallest Kazakh firms may face problems but, collectively, their share of non-life premiums is small.
|
Kazakhstan Insurance Report |
Was: $1030.00 | |
| Now: $875.00 | ||
| You save: $155.00 (15%) |
Africa |
| Algeria, Egypt, Libya, Morocco, Nigeria, South Africa and Tunisia |
Asia |
| Australia, China, Hong Kong, India, Indonesia, Malaysia, Pakistan, Philippines, Singapore, South Korea, Taiwan, Thailand and Vietnam |
Caribbean |
| Bahamas, Barbados, Bermuda, Dominican Republic, Jamaica and Trinidad & Tobago |
Europe |
| Bulgaria, Croatia, Czech Republic, Estonia, Germany, Greece, Hungary, Latvia, Lithuania, Poland, Romania, Russia, Serbia, Slovakia, Slovenia, Ukraine and United Kingdom |
Latin America |
| Argentina, Brazil and Mexico |
Middle East |
| Bahrain, Iran, Israel, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, Turkey and United Arab Emirates |
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