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Premiums increase 12% in Kazakhstan

Posted On: Nov. 4, 2022 10:05 AM CST

Data from the National Bank of Kazakhstan showed that local insurers’ aggregate gross written premium increased 12% year-on-year to nearly 678 billion ($1.45 billion) Kazakhstani tenge in the first nine months of the year, Xprimm reported. The nonlife insurance segment continued growth momentum as it grew by more than 27%.