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Assets of Kazakh insurance companies up

Kazakhstan Materials 28 April 2017 22:24 (UTC +04:00)

Baku, Azerbaijan, Apr. 28

By Elena Kosolapova – Trend:

Kazakhstan’s insurance and reinsurance companies increased their assets by 3.3 percent to 884.8 billion tenges in 1Q17, the Kazakh National Bank said in a message Apr. 28.

Total liabilities of the insurance and reinsurance companies increased by 4.3 percent to 474 billion tenges in 1Q17.

Insurance reserves of the sector reached 449.1 billion tenges as of Apr. 1, which is 4 percent more than in the beginning of the year.

As much as 32 insurance and reinsurance companies were operating in Kazakhstan as of Apr. 1, 2017.

(313.9 tenges = $1)

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