Insurance Market of Kazakhstan: Results of March
OREANDA-NEWS. May 14, 2013. As a result of March 2013, income premiums of Kazakh insurance market reached KZT77,8bn which is higher for 35,3% than last year.
On April 01, 2013 Eurasia has collected premiums of KZT10,2bn, occupying 13.13% of the market.
One of the main indicators of reliability of the insurance companies is the insurance payments. Thus, in March 2013 Eurasia has made insurance payments equal to KZT9bn. Authorized capital of Eurasia Insurance Company as of 01 April, 2013 is equal to KZT46,1bn or 43.0% of the aggregate capital of all insurance companies in Kazakhstan.
As of 01 April, 2013 Eurasia’s assets are reached KZT83,1bn, and have increased by 13.3% over the same period last year. Capital as of 01.02.2013 is amounted to KZT54,8bn, which is 13.4% more than a year earlier.
Eurasia Insurance Company JSC was founded in 1995. Thereby, Eurasia operates in more than 75 countries and is included among 150 largest reinsurers of the world, occupying the 123rd rating of Standard & Poor's.
On March 2012, the international rating agency AM Best reaffirmed JSC Eurasia Insurance Company’s financial strength ratings on the level "B++" and credit rating "bbb+", with a stable outlook.
In June 2012 the international rating agency Standard & Poor’s had revised its outlook on Kazakhstan-based Eurasia Insurance Company to “positive” from “stable”. At the same time, the “BB” long-term counterparty credit and financial strength rating and ‘kzA’ Kazakhstan national scale rating were affirmed.May 14, 2013. As a result of March 2013, income premiums of Kazakh insurance market reached KZT77,8bn which is higher for 35,3% than last year.
On April 01, 2013 Eurasia has collected premiums of KZT10,2bn, occupying 13.13% of the market.
One of the main indicators of reliability of the insurance companies is the insurance payments. Thus, in March 2013 Eurasia has made insurance payments equal to KZT9bn. Authorized capital of Eurasia Insurance Company as of 01 April, 2013 is equal to KZT46,1bn or 43.0% of the aggregate capital of all insurance companies in Kazakhstan.
As of 01 April, 2013 Eurasia’s assets are reached KZT83,1bn, and have increased by 13.3% over the same period last year. Capital as of 01.02.2013 is amounted to KZT54,8bn, which is 13.4% more than a year earlier.
Eurasia Insurance Company JSC was founded in 1995. Thereby, Eurasia operates in more than 75 countries and is included among 150 largest reinsurers of the world, occupying the 123rd rating of Standard & Poor's.
On March 2012, the international rating agency AM Best reaffirmed JSC Eurasia Insurance Company’s financial strength ratings on the level "B++" and credit rating "bbb+", with a stable outlook.
In June 2012 the international rating agency Standard & Poor’s had revised its outlook on Kazakhstan-based Eurasia Insurance Company to “positive” from “stable”. At the same time, the “BB” long-term counterparty credit and financial strength rating and ‘kzA’ Kazakhstan national scale rating were affirmed.
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