Kazkommerts-Life Insurance Company
MERGED WITH "Halyk-Life"!
Kazkommerts-Life Life Insurance Company JSC was founded in September 2006 as a subsidiary of one of the country's leading banks, Kazkommertsbank, which to this day remains a systemically important bank of the country and owned 100% of the Company's shares.
On 28 December 2006 the Company received a licence to carry out insurance activity. In March 2007 the Company concluded a risk reinsurance agreement with the world-famous reinsurer Munich Re. And on 6 January 2011 the Company received an updated licence No. 2.2.42.
During its operations the Company firmly established itself among the top three life insurance companies operating in the Republic of Kazakhstan. This was made possible by opening regional divisions in 15 major cities of Kazakhstan and winning the trust of their residents.
Today Kazkommerts-Life JSC offers a wide range of life insurance programmes with insurance terms developed personally for each Client. These programmes make it possible to insure life against specific events. At the same time, in addition to insurance protection, the Company's Client can also accumulate savings for particular goals by the required date.
Kazkommerts-Life JSC is a member of the Association of Financiers of Kazakhstan and has a certified Quality Management System that complies with the international standard ISO 9001:2008 and has been confirmed by the largest certification body, BSI (British Standards Institution).
With a regional network of divisions in 16 regions of Kazakhstan, and thanks to its accumulated experience, Kazkommerts-Life JSC is ready to provide reliable life insurance services to as many Kazakhstanis as possible.
Throughout its operations Kazkommerts-Life JSC has proudly borne the title of a dynamically developing Company focused on constantly improving its work. We understand that static and conservative behaviour in a market as highly competitive as the life insurance market leaves weak companies no chance of prospering. That is why the Company is undergoing a new stage of structural reorganisation of all its business processes, with the aim of optimising them as far as possible and aligning them with the changing conditions of competition and the economic situation in the country.
Today the Company is run by people with unique professional experience and deep knowledge, both in life insurance and in related industries.
Since its formation Kazkommerts-Life JSC has been guided by clear principles, which to this day favourably distinguish the Company from its competitors and help it win the trust of an ever-growing number of Clients:
- Transparency and openness;
- An individual approach to each Client;
- A serious attitude to its obligations;
- The use of modern principles of work organisation;
- The introduction of innovative products and management methods;
- Constant improvement of its activity and provision of the highest quality service.
The best assessment of Kazkommerts-Life JSC's work remains the trust of our Clients, whose number grows every day!
According to official data, the charter capital of Kazkommerts-Life JSC as of 01.04.2011 is KZT 1,590 million, fully paid in cash and in compliance with the standards set by the AFN RK (Agency of the Republic of Kazakhstan for Financial Supervision). The Company's assets as of 01.04.2011 amounted to KZT 4,583.7 million, the insurance reserves formed by the Company as of that date were KZT 3,316.6 million, and the Company's equity was KZT 1,160 million.