Summary
Non-Life Insurance in Kazakhstan industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The non-life insurance market consists of the general insurance market segmented into motor, property, liability and other insurance. The other segment is made up of non-life insurance products including health, travel, and accident cover among others. The value of the non-life insurance market is shown in terms of gross premium incomes. Gross premium income is defined as the insurer’s premium income for the year from its policies, calculated without reduction for reinsurance premiums paid or payable by the insurer.
- The Kazakhstani non-life insurance market had total gross written premiums of $1.1 million in 2022, representing a compound annual growth rate (CAGR) of 12.4% between 2017 and 2022.
- The property segment accounted for market's the largest proportion in 2022, with total gross written premiums of $0.3 million, equivalent to 29% of the market's overall value.
- A positive growth trend in the volume of construction work is observed in 17 regions of the country, with the exception of the Mangystau, Abay, and Karaganda regions.
Scope
- 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 by both value and volume
Reasons to Buy
- What was the size of the Kazakhstan non-life insurance market by value in 2022?
- What will be the size of the Kazakhstan non-life insurance market in 2027?
- 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?
- Who are the top competitors in Kazakhstan's non-life insurance market?
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Table of Contents
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market share
1.6. Market rivalry
1.7. 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. Market share
7.2. Who are the leading players?
7.3. What strategies do leading players follow?
7.4. How has the COVID-19 outbreak impacted the market?
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. About MarketLine
List of Tables
Table 1: Kazakhstan non-life insurance market value: $ billion, 2017-22(e)
Table 2: Kazakhstan non–life insurance market category segmentation: % share, by value, 2017–2022(e)
Table 3: Kazakhstan non-life insurance market category segmentation: $ billion, 2017-2022
Table 4: Kazakhstan non–life insurance market geography segmentation: $ billion, 2022(e)
Table 5: Kazakhstan non-life insurance market value forecast: $ billion, 2022-27
Table 6: Kazakhstan non-life insurance market share: % share, by value, 2022(e)
Table 7: Eurasia Insurance Company: key facts
Table 8: Eurasia Insurance Company: Key Employees
Table 9: Kazakhmys Insurance JSC: key facts
Table 10: NOMAD Insurance: key facts
Table 11: NOMAD Insurance: Key Employees
Table 12: Kazakhstan size of population (million), 2018–22
Table 13: Kazakhstan exchange rate, 2017–21
List of Figures
Figure 1: Kazakhstan non-life insurance market value: $ billion, 2017-22(e)
Figure 2: Kazakhstan non-life insurance market category segmentation: $ billion, 2017-2022
Figure 3: Kazakhstan non–life insurance market geography segmentation: % share, by value, 2022(e)
Figure 4: Kazakhstan non-life insurance market value forecast: $ billion, 2022-27
Figure 5: Forces driving competition in the non-life insurance market in Kazakhstan, 2022
Figure 6: Drivers of buyer power in the non-life insurance market in Kazakhstan, 2022
Figure 7: Drivers of supplier power in the non-life insurance market in Kazakhstan, 2022
Figure 8: Factors influencing the likelihood of new entrants in the non-life insurance market in Kazakhstan, 2022
Figure 9: Factors influencing the threat of substitutes in the non-life insurance market in Kazakhstan, 2022
Figure 10: Drivers of degree of rivalry in the non-life insurance market in Kazakhstan, 2022
Figure 11: Kazakhstan non-life insurance market share: % share, by value, 2022(e)
