OREANDA-NEWS. June 28, 2011. After five months of 2011, income premiums Kazakh insurance market reached KZT82.3 billion, which is higher than last year at 13,4%.

Within the market there is a slight increase in concentration. Thus, the share of the five leaders as 01 June has 45.7% of total premiums collected by Kazakhstani insurers. The composition of the five leaders has undergone some changes: the primacy is traditionally held by Eurasia Insurance Company, occupying 16.9% of the market; Halyk-Kazakhinstrakh Insurance Company moved to the second position with 11.5% of the market; Nomad Insurance Company & Kazkommerts Policy took the third position to collect 6.2% of all premiums, and the fifth, Oil Insurance Company with a largest share of 5.0%.

As of 01 June, 2011 Eurasia has collected premiums of KZT13.9 billion, and has increased by 18.6% over the same period last year. Authorized capital of JSC Eurasia Insurance Company is KZT37.2 billion, or 43.5% of the aggregate capital of all insurance companies in Kazakhstan.

As of 01 June, 2011 Eurasia’s assets are reached KZT65.5 billion, and have increased by 10.2% over the same period last year. Capital for 01.06.2011 was reached KZT42.7 billion, which is 23.1% more than a year earlier. During the reporting period, the company made payment under contracts of insurance / reinsurance KZT1.5 billion, which is 87.5% more than a year earlier.

JSC Eurasia Insurance Company was founded in 1995. Today, Eurasia Insurance Company is active in more than 75 countries and is among the world’s 123 largest reinsurers in the Standard & Poor’s ranking.

On February, 2011, international rating agency A.M. Best raised Eurasia Insurance Company JSC’s credit rating from bbb to bbb+ and confirmed the company’s B++ financial stability rating and “Stable” forecast for both ratings. At the time of publication, this A.M. Best rating is the highest among insurance and reinsurance companies in the CIS.

On December 2010, the international rating agency Standard & Poor's raised its long-term counterparty credit ratings and financial stability of Eurasia Insurance Company to the level "BB" from "BB-". The outlook on the ratings is "stable". At the same time, the rating of Eurasia on a national scale has been raised to the level "kzA" from "kzA-".

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