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Follow on Google News | Market Report, "Kazakhstan Insurance Report 2011", publishedRecently published research from Business Monitor International, "Kazakhstan Insurance Report 2011", is now available at Fast Market Research
The impact of the global financial crisis and the local banking crisis was severe - but arguably no more so than in many Central and Eastern European countries. In local currency terms, non-life premiums (which, in Kazakhstan, are more or less the same as total premiums) slipped by 10% in 2008 and by 19% in 2009. In terms of euro or US dollar, the market contracted by around a third. Although the political risks in Kazakhstan are significant, and the economy appears to be slowing again, we are reasonably confident that the insurance sector can return to a trend of strong growth. The surge in premiums over the years prior to the end of 2007 was greater in Kazakhstan than in other (very broadly) comparable countries such as Ukraine or Algeria. At this stage, we are confident that the non-life segment will begin to expand again at a rapid rate from 2011. However, we do not as yet see a catalyst that will enable the life segment to move beyond its embryonic state. Concretely, we note that total premiums amounted to KZT113,289mn in 2009. This includes non-life premiums of KZT103,958mn and life premiums of KZT9,331mn. In 2015, the corresponding figures should be KZT349,995mn, KZT324,702mn and KZT25,293mn. In terms of the key drivers that underpin our forecasts, we forecast non-life penetration to rise from 0.63% of GDP in 2009 to a still low 0.88% in 2015, while we expect life density to rise from US$4 per capita to US$13 over the same period. Key Features Of This Report The structure of this report is substantially similar to that of its predecessors. We have updated comments and data using information made available by regulators, trade associations and insurance companies over the course of 2010. For more information or to purchase this report, go to: - http://www.fastmr.com/ Report Table of Contents: The Sector At A Glance - Table: The Kazakhstan Insurance Sector At A Glance - Key Insights On The Insurance Sector Of Kazakhstan - Key Features Of This Report SWOT Analysis - Kazakhstan Insurance Industry SWOT - Kazakhstan Political SWOT - Kazakhstan Economic SWOT Central And Eastern European Markets Overview - Table: Non-Life Segment Premiums In Central And Eastern Europe - Table: Life Segment Premiums In Central And Eastern Europe MetLife's Acquisition Of ALICO - Table: ALICO At A Glance - Table: ALICO's Pre-Tax Profits By Segment And Region Contribution, Year To November 30 2009 (%) - Table: ALICO - A Market Leader In Japan - Table: MetLife's Acquisition Of ALICO - Table: MetLife And ALICO Combined Latest News - Table: Gross Written Premiums, 2007-2008 (KZTmn) Projections And Forecasts - Table: Insurance Data And Projections, 2007-2015 - Projections And Drivers Of Growth - Table: Growth Drivers, 2007-2015 Country Update - Macroeconomic Outlook - Table: Kazakhstan Economic Activity, 2007-2014 - Political Outlook Insurance Business Environment Ratings - Table: Kazakhstan Insurance Business Environment - Table: Central And Eastern Europe Insurance Business Environment Ratings Regional Context - Table: Non-Life Premiums In A Regional Context, 2009 - Table: Life Premiums In A Regional Context, 2009 Analysis Of Competitive Conditions - Gross Written Premiums By Company, 9M09 (KZTmn) Company Profiles - Local Company Profiles - Eurasia Insurance Company - Regional Company Profiles - Allianz 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 BMI Methodology - Insurance Business Environment Ratings - Table: Insurance Business Environment Indicators And Rationale - Table: Weighting Of Indicators About Business Monitor International Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at http://www.fastmr.com/ About Fast Market Research Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156. # # # Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available. End
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