Eurasia Insurance Company

Name

Eurasia Insurance Company

Legal name

АО «Страховая компания «Евразия»

Website

https://theeurasia.kz

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Property and Casualty Insurance

NAICS

Direct Property and Casualty Insurance Carriers (524126), Direct Insurance (except Life, Health, and Medical) Carriers (52412), Other Insurance Related Activities (52429)

SIC

Fire, Marine & Casualty Insurance (6331), Insurance Carriers, Nec (6399), Accident & Health Insurance (6321)

akta.pro primary industry

Treaty Reinsurance Brokerage (FSAOAHAA)

akta.pro secondary industries

Health & Accident Treaty Reinsurance (FSAOAEAB), Reinsurance Brokerage (FSAEADAE)

Keywords

• Property and casualty insurance
• Mandatory auto insurance
• Corporate insurance programs
• Reinsurance services
• Online insurance platform

Headquarters

HQ city

Almaty

HQ country

Kazakhstan

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Insurance premiums: SK Eurasia generates revenue through collection of insurance premiums from both corporate and retail customers across mandatory (ОГПО ВТС) and voluntary insurance lines including auto (SmartCASCO, АвтоКаско), property (SmartHOUSE, Light House), accident, travel, and corporate insurance. Premiums are collected upfront with claims paid upon verified insured events.
2. Reinsurance operations: As the leading reinsurer in Kazakhstan, Eurasia provides reinsurance capacity to international clients and receives reinsurance premiums from ceding insurers. The company cedes portions of risk to major international reinsurers (SCOR SE, Hannover Rück SE) while also accepting inbound reinsurance from international clients, generating fee income on risk assumption.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

Eurasia Insurance Company is a Kazakhstan-based insurance and reinsurance company providing mandatory and voluntary insurance products for individual consumers (motor third-party liability ОГПО ВТС, SmartCASCO voluntary auto, property insurance SmartHOUSE and Light House, accident and travel insurance) and corporate clients (transportation, property, employee health, accident, and civil liability coverage). The company also provides international reinsurance capacity, ceding risks to 20 of the top 25 global reinsurers while operating across 75 countries.

Product overview

Eurasia Insurance Company (АО «СК «Евразия») operates as a comprehensive insurance provider offering both mandatory and voluntary insurance products. The product portfolio consists of individual insurance products including Motor Third Party Liability (ОГПО ВТС), SmartCASCO, Light House, SmartHOUSE, accident insurance, and travel insurance. For corporate clients, the company provides transportation, property, health, and liability insurance programs. Additionally, the company offers reinsurance services to international insurance companies, being the only company in Kazakhstan providing reinsurance protection for international companies. The company operates in 75 countries and cedes risks to 20 of 25 leading global reinsurance organizations.

Differentiator

Problem solved

Functional benefit

Brands

• SmartCASCO: Automobile insurance product for private individuals.
• Light House
• SmartHOUSE
• ОГПО ВТС

Products and services

• ОГПО ВТС — Motor Third Party Liability Insurance (Mandatory Auto Insurance)
• SmartCASCO (Voluntary Auto Insurance)
• Light House (Personal Property Insurance)
• SmartHOUSE (Residential Property Insurance)
• Personal Accident Insurance
• Travel Insurance (Insurance for Travelers Abroad)
• Corporate Transportation and Freight Insurance
• Corporate Property Insurance
• Corporate Health Insurance (Employee Medical Insurance)
• Corporate Civil Liability Insurance
• Corporate Accident Insurance
• Reinsurance Services

Quantifiable outcome

• Total payouts to clients: 10,862,081,928 tenge (as of July 8, 2026)
• +2 more outcomes

Named customers18 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

14 partnerships are on record, tiered strategic, core and major.

• ЕСП (Unified Insurance Pool)strategicStrategic or Co-development Partner · 2 October 2024Participant in the Unified Insurance Pool for mandatory professional liability insurance of medical workers.
• F.A.I.R (Federation of Afro-Asian Insurers and Reinsurers)strategicStrategic or Co-development Partner · 5 May 2011Member of the Federation of Afro-Asian Insurers and Reinsurers insurance pools, based in Turkey, Bahrain, and Morocco.
• IUA (International Underwriting Association)strategicStrategic or Co-development Partner · 23 February 2010SK Eurasia is the only insurer from CIS countries accepted as member of the International Underwriting Association, the most authoritative public organization in the global insurance industry (London, UK).
• АФК (Association of Financiers of Kazakhstan)strategicStrategic or Co-development Partner · 25 January 2010Member of the Association of Financiers of Kazakhstan, the leading industry association for financial sector participants.
• IUMI (International Union of Marine Insurance)strategicStrategic or Co-development Partner · 14 January 2010Member of the International Union of Marine Insurance (Zurich, Switzerland), the global trade body for marine insurance.
• SCOR SEcoreStrategic or Co-development PartnerSCOR SE provides reinsurance protection with A+ rating from S&P. One of the leading global reinsurers partnering with SK Eurasia for risk transfer and capacity augmentation.
• Hannover Rück SEcoreStrategic or Co-development PartnerHannover Rück SE provides reinsurance capacity with AA- rating from S&P. Key partner in SK Eurasia's reinsurance program.
• MarshmajorChannel Partner/ Reseller/ DistributorLeading international insurance broker facilitating access to global reinsurance markets and international clients for SK Eurasia.
• Willis Towers WatsonmajorChannel Partner/ Reseller/ DistributorInternational insurance broker providing access to global reinsurance markets and facilitating international reinsurance transactions.
• AONmajorChannel Partner/ Reseller/ DistributorGlobal professional services firm providing insurance brokerage and reinsurance intermediary services.
• Guy CarpentermajorChannel Partner/ Reseller/ DistributorReinsurance broker enabling access to international reinsurance capacity and risk modeling services.
• Howden RemajorChannel Partner/ Reseller/ DistributorInternational reinsurance broker facilitating global risk placement and reinsurance capacity access.
• MillermajorChannel Partner/ Reseller/ DistributorInternational (re)insurance broker providing access to global reinsurance markets.
• Mapfre Global Risk SpainmajorStrategic or Co-development PartnerLead reinsurer and partner for international programs including the CARBONSER coal terminal reinsurance program ($274M coverage). Major Spanish reinsurer providing international reinsurance capacity.

Scale indicators8 records

Recent moves11 records

Expansion highlights7 records

Emerging players

• INGOSSTRAKH: Large Russian/CIS insurance group with strong corporate and reinsurance franchise. Comparable as a regional player addressing CIS and former-Soviet markets, with overlapping reinsurance clients.

Broad incumbents

• Swiss Re: Global Tier 1 reinsurer offering treaty and facultative reinsurance across P&C and life. Comparable through its broad international reinsurance book that competes with and retroceds to Eurasia.
• SCOR SE: Global Tier 1 reinsurer (A+) directly providing capacity to Eurasia. Comparable as a treaty counterparty and competitor in specialty and property reinsurance markets where Eurasia places international business.
• Hannover Rück SE: Major German reinsurer and direct capacity provider to Eurasia (AA- rated). Comparable as a treaty reinsurer competing for the same international cedant mandates and as a partner on the same programs.
• Munich Re: World's largest reinsurer. Comparable as a counterparty providing retrocession to Eurasia and as a global benchmark for reinsurance pricing, underwriting discipline, and international diversification.

Others

• Aon plc: Global insurance and reinsurance broker (channel partner to Eurasia). Comparable as a key distribution intermediary that places international business into reinsurance markets where Eurasia provides capacity.

Direct peers

• Forte Insurance (ForteLife): Kazakhstan-based insurance and life insurance group offering similar P&C and life lines to retail and corporate customers. Competes with Eurasia for market leadership in the same domestic segments.
• Halyk Insurance Company: Insurance arm of Halyk Bank, the largest retail bank in Kazakhstan. Directly comparable as a domestic insurer offering auto, property, and corporate lines competing head-to-head with Eurasia for Kazakh retail and corporate market share.
• Centras Insurance (Kaspi.kz insurance offerings): Kazakhstan-focused insurer leveraging the Kaspi super-app ecosystem for distribution of auto, property, and consumer insurance. Comparable in retail auto and mandatory lines, with strong digital overlap to Eurasia's eurasia36.kz platform.
• BTA Insurance (BTA Bank Insurance): Insurance subsidiary of BTA Bank in Kazakhstan offering general insurance lines to corporate and retail clients. Directly comparable in product mix and customer base within the Kazakhstan market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Instagraminstagram.com/eurasia36.kz
• Xx.com/eurasiainsuranc
• Facebookfacebook.com/EurasiaInsuranceCo
• LinkedInlinkedin.com/company/eurasia-insurance-company

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Eurasia Insurance Company