Imputed Insurance in the Republic of Kazakhstan: Problems, Solutions and Development Prospects

Abstract

The global insurance market, including the market of Kazakhstan, is in constant development and change due to instability in geopolitics, global and national economy. It is worth noting that, despite the growth, the development of the insurance market in Kazakhstan lags behind developed countries. Kazakhstan needs to increase the percentage of the contribution of insurance assets to the GDP structure.  This article discusses the main problems hindering the development of the insurance market and, in particular, the development of imputed insurance in Kazakhstan, provides a number of recommendations to eliminate these problems and proposals for further development of the insurance market.