Problems of development of the insurance market of Kazakhstan during the post-crisis period.

Authors

Keywords:

Insurance market, fi nancial crisis, insurance sector, insurance companies, insurance legislation,

Abstract

Insurance – is the special mechanism of market economy which promotes «smoothing» of negative economic situations, and also is the potential investor, capable to invest the real capital in development of the domestic industry. In all civilized world the level of development of insurance sector can be considered as the indicator of development of national economy as a whole. At this stage the Kazakhstan insurance market is estimated by experts as one of most dynamically developing in the CIS. World fi nancial crisis had direct impact on insurance sector of Kazakhstan. Due to the world crisis of liquidity which affected volumes of crediting of the banking sector, insurance premiums generally on voluntary classes of insurance, including on the classes connected with insurance of bank operations are lowered now.

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Published

2015-02-27

How to Cite

Problems of development of the insurance market of Kazakhstan during the post-crisis period. (2015). Journal of Economic Research & Business Administration, 102(2), 152-157. https://be.kaznu.kz/index.php/math/article/view/80