The Agency for Regulation and Development of the Financial Market (ARDFM) has approved the Insurance Market Development Program of Kazakhstan for 2026–2030. The document includes 18 strategic initiatives across six areas, the regulator reported.
One key measure is improving the mandatory insurance system. The regulator plans to introduce mandatory home insurance against earthquakes, floods, and wildfires.
Other areas include developing voluntary health insurance and the pension annuity market. ARDFM also intends to expand insurance product sales channels and strengthen consumer protection.
The document was drafted on the instructions of Kazakhstan’s president. At an expanded government meeting in February 2026, Kassym-Jomart Tokayev tasked ARDFM and the National Bank with preparing a development program for the insurance and stock markets by September 1. At the time, he noted that the insurance sector’s share in the domestic financial system was only 5%.