Kazakhinstrakh Reported 2009 Performance Outcomes
OREANDA-NEWS. March 18, 2010. Halyk Savings Bank of Kazakhstan subsidiary Halyk - Kazakhinstrakh (Almaty), common shares of which are present in Kazakhstan Stock Exchange (KASE) official list, informed KASE that by 2009 performance outcomes Kazakhinstrakh strengthened the leading positions in the insurance area and took the second place in 2009, reported the press-centre of KASE.
The company indicators have the positive dynamics, thus, assets increased by KZT2.7 bn and made up as of January 1, 2010 KZT19.6 bn (the growth of the average market indicator - 10.5%). Insurance reserves increased by over than KZT400 m and totaled KZT7.2 bn., the equity capital increased by KZT2.5 bn and as of January 1, 2010 made up KZT11 bn, thus its annual growth made up 30.7 %.
In 2009 the company increased the market stake:
- on voluntary property insurance: insurance of rail way road transport, cargo, civil liability of air transport owners, civil liability, other financial losses;
- on mandatory insurance: insurance of civil liability of transport owners, civil liability of a carrier to passengers, ecology, civil liability of auditors and auditing organizations, civil liability of a tourist agent, civil liability of an employer for damaging an employee life and health.
In 2009, the company market stake on the voluntary insurance increased to 9.58%, and the mandatory insurance to 9.8%. Among insurance companies the company stake increased and as of January 1, 2010 made up 10.6%. Insurance payments in 2009 made up KZT3.3 bn. one of the priority area for the company in 2010 is the extension of re-tail market services.
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