OREANDA-NEWS. June 23, 2010. Following the results of the five months of 2010, receipt of insurance premiums in the Kazakhstan insurance market has totaled KZT73.372 billion, which is 23.6% higher than within the same period last year, reported the press-centre of Eurasia Insurance Company.           

According to the press service of Eurasia Insurance Company, for June 1st of 2010, the amount of insurance premiums for the share of the five leading companies was 55.14% of the total premium collected by Kazakhstan insurers.

The composition of the five leaders has undergone some changes: the primacy is held traditionally by Eurasia Insurance Company, occupying 16.01% of the market, Kazkommerts-Polis Insurance Company moving to the second position with 15.71% of the market, Halyk-Kazakhinstrakh Insurance Company won the third position, collecting 10.80% of all premiums, AIG Kazakhstan - 7.22% of total premiums, and Allianz Kazakhstan Insurance Company with the fifth largest share – 5.40%.

In addition, the press service has informed that as of 1st June 2010, assets of Eurasia reached KZT59.460 billion; capital amounted to KZT34.669 billion, or 5.49% more than a year earlier.

During the reporting period, the company paid out KZT794 495 000 under contracts of insurance reinsurance.

"Following the results of January – May 2010, Eurasia Insurance Company has collected premiums of KZT11.749 billion. Paid-up capital of Eurasia is KZT31.122 billion, or 42.97% of the aggregate charter capital of insurance companies in Kazakhstan ", - the company noted.

JSC Eurasia Insurance Company was founded in 1995. Thereby, Eurasia operates in more than 75 countries and is included among 150 largest reinsurers of the world, occupying the 131st rating of Standard & Poor's.

Thus, on 25 March 2010, the international rating agency AM Best reaffirmed JSC Eurasia Insurance Company’s financial strength ratings on the level "B++" and credit rating of "bbb", with a stable outlook. This rating from A.M. Best at the time of this publication is the highest among the CIS countries, Central and Eastern Europe.

On 24 June 2009, the international rating agency Standard & Poor's upgraded the long-term counterparty credit ratings and financial stability of the Kazakh Eurasia Insurance Company to "B+" from "BB-". The outlook on the ratings is "stable". At the same time, the rating of Eurasia on a national scale increased from kzBBB+ to kzA-.

Thus, today, Eurasia has the highest rating of Standard & Poor's among all private financial institutions in the Republic of Kazakhstan.