Fast Market Research recommends "Kazakhstan Insurance Report 2014" from Business Monitor International, now available

Boston, MA -- (SBWire) -- 12/31/2013 --In the non-life segment, the implication is that a long term trend of declining penetration has come to an end. However, the changes in the life segment are even more exciting Kazakhstan's insurance sector has more in common with its counterparts in some energy-rich Middle Eastern countries than with those of other countries that formerly were part of the USSR. Non-life penetration is fairly low. This is partly because of aggressive competition (within a fragmented competitive landscape in the past). It is also because some of the largest industrial risks have been covered in major international centres such as London. Local firms lack scale in an international context, and are often associated with the leading banking/financial services groups.

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