The company maintains the highest rating in the insurance sector of the CIS and Central Asia, with a “Stable” outlook.

S&P Global has affirmed the long-term credit rating of Eurasia Insurance Company at “BBB” with a “Stable” outlook. The company continues to maintain a high level of capitalization and strengthen its presence in the international reinsurance market.

The rating of Eurasia Insurance Company remains the highest not only in the insurance sector but also stands one notch above Kazakhstan’s sovereign rating. The agency also affirmed Eurasia’s national scale rating at “kzAAA.”

“This year, Eurasia Insurance Company celebrates its 30th anniversary and remains a recognized leader in the country’s insurance sector, which is clearly demonstrated not only by steadily growing financial results but also by consistent assessments from international analysts. Eurasia is one of the largest exporters of financial services in Kazakhstan and the largest among insurance companies. Over the past year, we have brought more than USD 170 million into Kazakhstan’s economy in the form of reinsurance premiums, which represents about 14% of the country’s total financial exports,” commented Kairat Chegebayev, Chairman of the Management Board of Eurasia Insurance Company, on the agency’s decision.

Analysts at S&P consistently highlight the strong capitalization of Eurasia Insurance Company as one of its greatest strengths. This strategy enables the company not only to provide reliable insurance coverage within Kazakhstan but also to successfully export insurance services abroad, attracting major international clients.

According to the latest data from the National Bank of Kazakhstan, Eurasia Insurance Company maintains leading positions in the insurance market across key financial indicators. The company accounts for 43.8% of the assets of non-life insurance companies, amounting to more than KZT 652 billion. In the first five months of the year, the company collected more than KZT 103 billion in premiums and paid out KZT 37.6 billion in claims, representing 28% and 33% of the entire non-life insurance market, respectively.