Kazakhstan Insurance Market Intelligence - Market Research Reports On Aarkstore Enterprise

Kazakhstan Insurance Market Intelligence "The insurance industry of Kazakhstan has witnessed a strong growth during 20012008, in local currency terms

. The increase in premium growth over these years was mainly on account of the reforms initiated by the government as well as the astounding performance of the economy. The growing economy, supported by the increasing international demand for crude oil, led to an increase in the per-capita income of the population, boosting the demand for non-food categories such as property and automobiles. Growing GDP, national income and the subsequent improved standard of living, development of social insurance for the underprivileged, rising population, has helped drive the insurance segment, particularly non-life business growth in Kazakhstan in last few years. The life insurance segment of Kazakhstan is still in its nascent stage and it accounts for a very small share of the domestic insurance market.

The non-life segment has been the dominating segment in the country, the reason being the low financial literacy and lax attitude of the people towards investing for the safety of self and family. Along with these factors, the improved economic conditions have also boosted the sales of property and automobile products; thereby, driving the sales of the insurance products. The insurance market in Kazakhstan is witnessing an increasing participation of new players, both foreign as well as domestic.

The present report gives an overview of the insurance market of Kazakhstan along with an analysis of the countrys political structure and economic growth. The report provides an insight into the market size and growth in insurance premiums as well as life and non-life premiums. Insurance premiums are discussed in terms of life and non-life segments and the density and penetration levels. The various developments and drivers are also discussed and finally the projections regarding premium growth are given.

By combining SPSS Inc.s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the insurance industry of the country. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the future direction of the industry and its sub-segments life and non-life insurance. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and tests.

Table of Contents :

1. Industry Snapshot

1.1 Industry Structure

1.1.1 New Legislations and Reforms, Development in the Insurance Market

1.1.2 Rapid Growth in Insurance Industry Categories

1.2 Market Overview

1.2.1 Market Size & Growth

1.2.1.1 Significant Growth in Overall Market, Supported by Economy Growth

1.2.1.2 Increased Claims Affected Premium Income in 2008

1.2.1.3 Economic Slowdown to Impact Insurance Market Growth

1.2.2 Market Segments

1.2.2.1 Dominated by Non-Life Segment,

1.2.2.2 Life Segment at Nascent Phase, Limited Awareness and Unaffordable

1.2.2.3 Life Segment Expanding, Increasing Demand for Life and Annuity Products

1.2.2.4 Downturn in Growth Rate of Non Life

1.2.3 Market Share

1.2.3.1 Reforms Increasing Participation of New Players

1.2.3.2 Government Legislations to Increase Competition in Future

1.2.4 Market Density & Penetration

1.2.4.1 Per Capita Expenditure Increasing Due to Expanding Economy and International Presence

1.2.4.2 Low but Increasing Penetration Rate

2. Industry Analysis

2.1 Industry Developments

Regulations and Reforms

Issue & Suspension of Licenses by FSA

Launch of Kazakhstan Earthquake Loss Model

2.2 Market Drivers

Expanding Economy

Increasing Disposable Income

Rapid Growth in Motor Market

Increasing Working Age Group Population

3. Country Analysis: Risk Assessment

3.1 Political Environment

3.2 Macro-Economic Indicators: Current and Projections

4. Industry Outlook: Forecast and Projections

4.1 Expanding Economy, Non-Food Investment and Product Demand to Drive Market

4.2 Third-Party Motor Liability Insurance Reforms, Growing Working Class to Further Boost Insurance Demand

List of Tables

Kazakhstan: Gross National Savings: (2003 2007)

Gross Disposable Income & Household Consumption Expenditure: (2003-2008)

Key Macroeconomic Indicators: (2008 2013F)

List of Charts

Annual Premium Kazakhstan Insurance Industry: (2001 - 2008)

Annual Premium Kazakhstan Insurance Industry: (1H09 vs. 1H08)

Insurance Premium Share - Life and Non-Life (%): (2008)

Insurance Premium by Segment: (2004-2008)

Insurance Premium Growth Trend by Segments: (2003 - 2008)

Insurance Premium Share (%) by Segment: (2008)

Kazakhstan: Major Insurers Market Share (1H09)

Kazakhstan Insurance Density: (2001 2008)

Kazakhstan Insurance Penetration: (2001 2008)

GDP Growth of Kazakhstan: (2001 2008)

Kazakhstan Number of Passenger Cars: (2003 2008)

Kazakhstan: Working Age Group Population: (2004 2008)

Forecast: Kazakhstan Insurance Industry: (2008A 2012F)

Forecast: Kazakhstan Life & Non-Life Insurance Industry: (2008A 2012F)

For more information please visit :

http://www.aarkstore.com/reports/Kazakhstan-Insurance-Market-Intelligence-40728.html

by: Aarkstore Enterprise

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