Leader of the Kazakhstan insurance market since 1995
Eurasia Insurance Company: the country’s largest insurer and reinsurer
JSC “Insurance Company “Eurasia” has operated on the Kazakhstan market since 1995 and for many years has held first place by volume of insurance premiums collected and claims paid. The company engages in general insurance: it protects cars, real estate, cargo, business risks, health and the liability of individuals and organisations. In 2025 Eurasia accounted for 25.6% of the market by premiums collected, and in September 2026 it became the first insurance company in Kazakhstan to receive a financial strength rating of “A-” from AM Best.
History and scale
The company began as a small Almaty insurer and then step by step expanded its product range and geography. In its early stage Eurasia took on the insurance of payment terminals, cash-handling units, valuables in transit and the property of motor transport companies, and then expanded beyond Almaty and the Almaty region. Today, according to the ARDFM, the company has 19 branches: in Astana (three), Almaty (two), Pavlodar, Kostanay, Ust-Kamenogorsk, Karaganda, Atyrau, Aktau, Shymkent, Aktobe, Petropavlovsk, Semey, Uralsk, Taldykorgan and Kokshetau, as well as a branch in the Republic of India, in the GIFT City special economic zone, Gujarat.
A separate strength of the company is international reinsurance. Eurasia accepts risks from partners in dozens of countries, and as of 1 January 2026 it accounted for almost half (49.83%) of all inward reinsurance in Kazakhstan. The company’s history includes participation in the reinsurance programme for Ariane-5 launch vehicle launches from the Kourou spaceport, inclusion by the European Space Agency in its list of reliable space risk insurers, membership of the International Union of Marine Insurance (IUMI) and payments on major international events, from the loss of spacecraft to the aftermath of the earthquake in Japan.
The company is also known as the organiser of the annual International Risk Management Conference, at which well-known economists have spoken, and as the author of the “Saktau” system, which makes it possible to verify the authenticity of insurance policies.
| Full name | JSC “Insurance Company “Eurasia” |
|---|---|
| On the market | since 1995 |
| ARDFM licence | No. 2.1.20 dated 26.12.2022 |
| Line of business | general insurance (insurance and reinsurance activities) |
| BIN | 950540000024 |
| Chairperson of the Management Board | Kairat Sadyrbayevich Chegebayev |
| Chairperson of the Board of Directors | Shukhrat Alidzhanovich Ibragimov |
| Insurance holding | JSC “Eurasian Financial Company” |
| Major participants | P. K. Shodiev; M. N. Ibragimova; Sh. A. Ibragimov; Anna A. Mashkevich; Alla A. Mashkevich; Larisa V. Mashkevich |
| Branches | 19 |
| Head office | Almaty |
| Market share | 25.6% by premiums collected in 2025 |
| AM Best rating | “A-” (Excellent) for financial strength and “a-” long-term issuer credit rating, outlook “Stable” (September 2026) |
| S&P Global rating | “BBB+”, outlook “Stable”; national scale “kzAAA” (September 2026) |
Shareholders and management
According to the ARDFM, the insurance holding for the company is JSC “Eurasian Financial Company”, and the major participants are P. K. Shodiev, M. N. Ibragimova, Sh. A. Ibragimov, Anna A. Mashkevich, Alla A. Mashkevich and Larisa V. Mashkevich. Eurasia is part of a financial group that also includes Eurasian Bank, Eurasian Capital and its subsidiary JSC “Life Insurance Company “Eurasia”. The Management Board is headed by Kairat Sadyrbayevich Chegebayev and the Board of Directors by Shukhrat Alidzhanovich Ibragimov; the Board includes independent directors.
Reliability in rating figures
Eurasia’s rating history is one of the longest in the country. For many years the company consistently received upgrades from S&P Global Ratings, from “B+” to the current “BBB+”. On 11 September 2026 the agency raised the long-term credit rating and the financial strength rating to “BBB+”, noting improved profitability and an exceptional liquidity cushion. A few days later, on 16 September 2026, AM Best upgraded the financial strength rating from “B++” to “A-”, the first time for a Kazakhstani insurer.
For the client this means something simple: the company has substantial capital, places its assets conservatively and reinsures risks with leading global reinsurers, so it is able to pay out on both routine and very large losses.
Products for individuals
MTPL
Compulsory motor third-party liability insurance. The policy can be bought online in a few minutes and verified in the IIDB or on the company’s website.
SmartCASCO and CASCO
Voluntary motor insurance with flexible tariff selection: the most popular options are combined in a single product. Credit Casco and Mini Casco programmes are also available.
SmartHOUSE and Light House
Comprehensive protection of an apartment or house against damage from fire, flooding, natural disasters and other risks.
For travellers
Insurance for those travelling abroad: medical expenses during the trip and a policy that meets visa requirements.
Accidents
Protection against injuries and their consequences, including special programmes for athletes.
Voluntary health insurance
Voluntary sickness insurance, including separate programmes for labour immigrants.
Corporate insurance
Corporate clients form the core of Eurasia’s portfolio. Businesses insure their employees, vehicles, property and civil liability here. The company works with industry and sector-specific risks and offers solutions for carriers and warehouse owners.
- insurance of road, rail, air and water transport and the liability of their owners;
- cargo insurance, including under “Saktau” programmes, and consignor liability insurance;
- insurance of property against damage, specialised equipment and goods in circulation;
- title insurance, insurance of loans to legal entities, guarantees and sureties;
- professional liability, medical insurance and protection of personnel against accidents;
- compulsory lines: carrier liability to passengers, environmental insurance, third-party liability.
Important: for a number of products Eurasia allows contracts to be concluded in electronic form, including compulsory motor insurance, SmartCASCO and property insurance programmes. The policy is stored electronically and verified against the IIDB.
How to report an insured event
Ensure safety and record the event
In a road accident, call the traffic police and the company’s accident commissioner. For minor accidents with no injuries, you can use the simplified procedure, the Euro Protocol.
Notify the company within 3 days
State your full name or the name of the organisation, briefly describe the insured object, the circumstances, and the place and time of the event. A specialist will advise on the next steps.
Write the claim
The claim for an insured event is submitted at an office or online through your personal account on the company’s website.
Submit the documents
Gather the documents required by the contract and confirming the fact of the event. The list and payment conditions are published in the company’s guides on CASCO, SmartCASCO and MTPL.
Regulation and supervision
JSC “Insurance Company “Eurasia” is licensed and supervised by the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market (ARDFM). The company operates under licence No. 2.1.20 dated 26.12.2022. Information on management, the composition of the Board of Directors and Management Board, the insurance holding, major participants and branches is published by the regulator in the register of financial organisations.
Why choose Eurasia
- many years of leadership by premiums and claims paid on the Kazakhstan market;
- the highest international ratings among Kazakhstani insurers;
- 19 branches, including a branch in India, and a broad range from MTPL and CASCO to insurance of space and marine risks;
- online policy purchase, contract verification and claim submission in a personal account;
- the backing of a large financial group and strong reinsurance protection.