Insurance system for Kazakhstan
The largest insurance market in Central Asia
- 35+insurers
- 1 trillion ₸market assets
- 2+ millionsocial health insurance policies
Market
Kazakhstan is the most developed insurance market in Central Asia, with assets above 1 trillion tenge. Compulsory social health insurance and MTPL create steady baseline demand, and the regulator is consistently moving the industry to digital processes.
Regulatory requirements
- ARDFM reportingRegulatory forms and report submission with an electronic signature
- Product passport and KIDProduct passport and key information document before the contract is signed
- ESBDContract registration in the unified insurance database
What is adapted in the system
The system is adapted to the Kazakhstan market: ARDFM disclosure requirements, ESBD, signing through NCALayer, local payment gateways and the credit bureau.
Product passport and KID
A product passport with the regulator notification deadline and a key information document with a record of the client’s acknowledgement.
ESBD
The unified insurance database contract is mapped to system types and ready to connect under the insurer’s contract.
Signing through NCALayer
An employee signs the report with their own key from the NCA of Kazakhstan, and the signature gets a timestamp.
Kaspi, Halyk ePay and BCC
Online premium collection through Kazakhstan payment gateways with card saving and reconciliation of operations.
Screening and bureaus
The State Credit Bureau, client screening through a national provider and AML thresholds in tenge.
Kazakh language
Interface, client portal and documents in Kazakh, name search in Latin and Cyrillic.
Other countries
Russia
Kyrgyzstan
Uzbekistan
MongoliaShall we show the system on your products?
We will build your product in the builder, take a policy from quote to claim and estimate the implementation cost for your lines of business and countries.