Domestic insurance premiums reinsured more than double
Posted On: Feb. 17, 2023 9:41 AM CST![Reinsurance](https://bicontent.businessinsurance.com/f065ab5a-9754-41a6-b3e5-bf03bf426d64.jpg)
The Association of Financiers of Kazakhstan said that the volume of insurance premiums reinsured domestically more than doubled to 19 billion Kazakhstani Tenge ($42.49 million) in 2022 from KZT9 billion in 2021, showing an increase in capacity in the country’s insurance market, Xprimm reported. The volume of inward reinsurance grew by 20%, while the volume of premiums ceded to reinsurance to foreign firms fell 2%.