OREANDA-NEWS. August 03, 2009. According to the results of the first 6 months of 2009, the aggregate premium for Kazakhstan’s insurance market totaled KZT74.976 billion, which is 16% lower than the same period last year by, Eurasia Insurance Company reported it, reported the press-centre of Eurasia Insurance Company.

As previously, there was high concentration of premium in the top five insurance companies, accounting for 59.1% of all total premiums, the leader being Eurasia Insurance Company with a market share of 27.1%, followed by Khalyk-Kazakhinstrah 11.8%; A new company in the top five is Astana-Finance Insurance Company with a market share of 9.9%; Kazkommerts Policy Insurance Company 5.4% and Almaty International Insurance Group 5%.

Despite the decrease in the insurance market, Eurasia Insurance Company showed dynamic growth. During this period, the Company underwrote premiums amounting to KZT20.285 billion, which is an increase of 53.6% more than for the same period last year.

As of May 01, 2009 the Company’s assets amounted to KZT61.075 billion, an increase of 40.8% compared to last year. Equity grew to KZT32.657 billion, which is 34.5% more than the same period for the previous year. The Company has also paid claims under insurance and reinsurance agreements totaling KZT1.499 billion.