Kazakhstan’s insurance market continues to expand with the arrival of a new player. Under Order No. B-9 dated January 16, 2026, signed by the First Deputy Chairman of the Agency for Regulation and Development of the Financial Market, Sinoasia B&R Insurance Company JSC has been issued License No. 2.1.30 to operate in the general insurance sector, DKNews.kz reports.
The license allows the company to provide a wide range of voluntary insurance services, mainly focused on transport, corporate, and financial risks.
What Types of Insurance Are Covered
According to the official decision, Sinoasia B&R is authorized to offer the following insurance classes:
- insurance of water transport;
- insurance of air transport;
- civil liability insurance of water transport owners;
- civil liability insurance of air transport owners;
- insurance of loans issued to legal entities;
- insurance of losses of financial organizations, with the exception of insurance classes specified in subparagraphs 13), 14), 15), and 16) of paragraph 3, Article 6 of the Law of the Republic of Kazakhstan “On Insurance Activities”.
What This Means for the Market
Licenses covering water and air transport insurance are typically granted to companies targeting the corporate sector and large infrastructure projects, as these segments involve elevated levels of risk and regulatory oversight.
The inclusion of loan insurance for legal entities and coverage of financial institutions’ losses suggests that Sinoasia B&R aims to work closely with banks, investment structures, and large businesses, offering tools to manage complex financial risks.
Broader Market Context
In recent years, Kazakhstan has tightened regulatory requirements for insurance companies, placing stronger emphasis on capital adequacy, corporate governance, transparency, and risk management systems. Against this backdrop, new market entrants tend to launch operations with clearly defined specializations and institutional readiness.
Experts note that the entry of new insurers into specialized segments could increase competition and contribute to the development of more sophisticated risk-management solutions for businesses.
