Kazakhstani Insurance Industry - Governance, Risk and Compliance

1.1 What is this Report About?
1.2 Definitions

2.1 Legislation Overview and Historical Evolution
2.2 Latest Changes in Regulation
2.3 Legislation and Market Practice by Type of Insurance
2.3.1 Life insurance
2.3.2 Property insurance
2.3.3 Motor insurance
2.3.4 Liability insurance
2.3.5 Marine, aviation and transit insurance
2.3.6 Personal accident and health insurance
2.4 Compulsory Insurance
2.4.1 Motor third-party liability insurance
2.4.2 Workers’ compensation insurance
2.4.3 Civil liability insurance for passengers
2.4.4 Crop Insurance
2.4.5 Liability insurance for ships with respect to oil pollution
2.4.6 Social medical insurance
2.4.7 Travel insurance for tourist
2.5 Supervision and Control
2.5.1 International Association of Insurance Supervisors
2.5.2 Committee for the Control and Supervision of the Financial Market and Financial Organizations
2.5.3 The Agency for Regulations and Development of the Financial Market of the Republic of Kazakhstan
2.6 Non-Admitted Insurance Regulations
2.6.1 Overview
2.6.2 Intermediaries
2.6.3 Market practices
2.6.4 Fines and Penalties
2.7 Company Registration and Operations
2.7.1 Type of insurance organization
2.7.2 Establishing a local company
2.7.3 Foreign ownership
2.7.4 Types of license
2.7.5 Capital requirements
2.7.6 Solvency margin
2.7.7 Reserve requirements
2.7.8 Investment regulations
2.7.9 Statutory return requirements
2.7.10 Fee structure
2.8 Taxation
2.8.1 Insurance premium or policy taxation
2.8.2 Withholding taxes on premium paid overseas
2.8.3 Corporate tax
2.8.4 VAT
2.8.5 Captives
2.9 Legal System
2.9.1 Introduction
2.9.2 Access to court
2.9.3 Alternative dispute resolution (ADR)

3.1 Methodology
3.2 Contact the Publisher
3.3 About the Publisher
3.4 Services
3.5 Disclaimer

Table 1: Insurance Industry Definitions
Table 2: Kazakhstan - Insurance Regulatory Framework Key Features
Table 3: Kazakhstan - Life Insurance Regulatory Framework
Table 4: Kazakhstan - Property Insurance Regulatory Framework
Table 5: Kazakhstan - Motor Insurance Regulatory Framework
Table 6: Kazakhstan - Liability Insurance Regulatory Framework
Table 7: Kazakhstan - Premium Rates for Crop Insurance
Table 8: Kazakhstan - Travel Insurance Premium Rates
Table 9: Kazakhstan - Corporate Tax Rates for the Financial Year 2020

Figure 1: Kazakhstan - Insurance Supervision and Control at Various Levels
Figure 2: Kazakhstan - Insurance Regulatory Frameworks for Company Registration and Operation