The trend of development of the insurance market in Kazakhstan and China.

Abstract

The insurance market – a special social-economic environment and environment which define the scope of monetary relations, where the object of sale is insurance protection, they will be bought and sold. Insurance market can be seen as: a form of organization of monetary relations by formation and distribution of the insurance fund to ensure that insurance coverage of society, as a totality of insurance companies (insurers), which provide those insurance products. Insurance specifies a direct connection with the insurance market , finance companies, finance, the banking system, the state budget and other financial institutions. In these relations, financial institutions act as policyholders and consumers of insurance products. Specific relations develop between the insurance market and the state budget and state budget funds, due to the compulsory insurance organization.