What Freedom Insurance does

Freedom Insurance, legally АО «СК «Freedom Finance Insurance» (FFIns), is a Kazakhstan-based private insurance company founded in 2010 and headquartered in Almaty at Zheltokssan Street 115, Kaisar Plaza Business Center. The company underwrites a broad multi-line portfolio covering both individual consumers and legal entities, with products spanning mandatory and voluntary auto insurance (АҚЖМС, KASKO, ОГПО+), residential property (Freedom Comfort, Home Protect earthquake coverage), tourist medical, agricultural crop, corporate property and cargo, construction and installation (ҚМЖ), motor vehicle, aviation, water and rail transport, professional and environmental liability, hazardous facilities mandatory liability, subsurface exploration obligations, and specialized oil operations insurance. It is operationally embedded in the broader Freedom Finance ecosystem alongside Freedom Finance Life, Freedom Finance Investments, Freedom Bank, and FastCash Credit.

The business is delivered through a digital-first platform: the trilingual (Kazakh, Russian, English) website ffins.kz, the DTP.kz mobile application for European accident report protocol, a 24/7 toll-free hotline (5777), and WhatsApp support ([email protected]). Customer-facing self-service tools include online policy verification, a vehicle depreciation calculator (Тозу калькуляторы), a digital insurance event reporting portal, and a payment data transparency dashboard. Distribution is direct-to-consumer with no disclosed intermediary or broker network.

Revenue is generated through insurance premiums collected across product lines, with annual billing on a quote-based subscription model that varies by coverage type, risk profile, and policy duration. The company operates under Insurance Activity License No. 2.1.30 issued 13.10.2025, and its market is restricted to domestic customers in Kazakhstan. The firm has 1,001-5,000 employees, no public listing, and no disclosed parent company or external investors in the source data.

Name

Freedom Insurance

Legal name

АО «СК «Freedom Finance Insurance»

Website

https://ffins.kz

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Freedom Insurance (FFIns) is a Kazakhstan-based private multi-line insurer founded in 2010, offering auto, property, liability, cargo, and specialized coverage to individual consumers and legal entities, distributed through a digital platform and integrated with the Freedom Finance ecosystem.

Ownership category

akta.pro rank

Product category

General Insurance

NAICS

Direct Property and Casualty Insurance Carriers (524126), Direct Health and Medical Insurance Carriers (524114)

SIC

Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

General Liability Insurance (FSAJAMAE)

akta.pro secondary industries

GAP & Vehicle Protection Products (GAP Waiver/Insurance, Lease/Loan Protection) (FSAJALAC), Commercial Package / Business Owners Policies (BOP) (FSAJAMAG), Individual Supplemental Health (Hospital Indemnity, Critical Illness, Accident) (FSAIAEAD)

Keywords

• General insurance products
• Auto insurance coverage
• Property insurance services
• Liability insurance policies
• Mandatory insurance compliance

Headquarters

HQ city

Almaty

HQ country

Kazakhstan

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Insurance Premiums: Collection of insurance premiums from policyholders across all insurance product lines, including mandatory and voluntary coverage

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Freedom Insurance (АО «СК «Freedom Finance Insurance») is a Kazakhstan-based insurance company that underwrites and sells a broad portfolio of general insurance products. For individuals, it provides vehicle (KASKO, OGPO+), apartment (Freedom Comfort, Home Protect), mandatory auto (АҚЖМС), tourist medical, and agricultural insurance. For legal entities, it offers property, cargo, motor, aviation, water and rail transport insurance, professional and environmental liability coverage, and specialized oil operations insurance. It also provides digital services such as the DTP.kz mobile application for European accident protocol processing, online policy verification, a depreciation calculator, and an online insurance event/claims reporting portal.

Product overview

Freedom Insurance (АО «СК «Freedom Finance Insurance») is a Kazakhstan-based insurance company offering a comprehensive portfolio of insurance products. For individuals, the company provides vehicle insurance products (КАСКО, ОГПО+), residential property coverage (Freedom Comfort, Home Protect), mandatory auto insurance (АҚЖМС), tourist medical insurance, and agricultural insurance. For legal entities, it offers property and cargo insurance, motor and aviation insurance, professional and environmental liability coverage, and specialized oil operations insurance. The product architecture consists of distinct core insurance products organized by coverage type (vehicle, property, liability, specialized risks) plus customer-facing digital services including the DTP.kz mobile app for accident protocol processing, policy verification, depreciation calculation tools, and claim management services.

Differentiator

Problem solved

Functional benefit

Brands

• Freedom Comfort: Apartment insurance product
• Home Protect
• DTP.kz

Products and services

• KASKO (Comprehensive Vehicle Insurance)
• OGPO+ (Voluntary Vehicle Insurance with Depreciation Compensation)
• Freedom Comfort (Apartment Insurance)
• Home Protect (Earthquake Insurance for Apartments)
• Tourist Medical Insurance
• АҚЖМС (Mandatory Compulsory Auto Insurance)
• Agricultural Insurance (Crop Insurance)
• Mandatory Auto Insurance for Legal Entities
• Property Insurance for Legal Entities
• Construction and Installation Risks Insurance (ҚМЖ)
• Cargo Insurance
• Motor Vehicle Insurance for Legal Entities
• Aviation Insurance
• Water Transport Insurance
• Railway Transport Insurance
• Voluntary Vehicle Owner Liability Insurance (ДГПО ВТС)
• Professional Liability Insurance
• Carrier Insurance
• Lessee Liability Insurance
• Environmental Insurance
• Hazardous Facilities Mandatory Liability Insurance (АҚЖ)
• Subsurface Exploration Liability Insurance
• Oil Operations Insurance

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Scale indicators2 records

Recent moves5 records

Expansion highlights4 records

Regional players

• Ingosstrakh: One of Russia's largest P&C insurers with historical CIS footprint. Comparable in scale and product mix (motor, property, corporate), serving as a useful benchmark for regional underwriting economics.
• RESO-Garantia: Major Russian P&C insurer with strong motor franchise and direct-to-consumer distribution. Provides a regional comparison point for FFIns' multi-line retail and corporate insurance model.

Emerging players

• Lemonade: US-based digital-native insurtech using mobile-first distribution and AI-driven underwriting. Comparable to FFIns in direct-to-consumer digital approach but operates in a different geography and regulatory regime.

Direct peers

• Halyk Insurance: Kazakhstan's largest insurance carrier, part of Halyk Bank group. Offers comparable multi-line P&C, motor, and life insurance products across individual and corporate segments, competing head-to-head with FFIns in the same domestic market.
• Centras Insurance: Kazakhstan-based insurer offering life and general insurance products. Operates in the same domestic market with overlapping distribution and product breadth relative to FFIns.
• Jusan Insurance: Insurance subsidiary of Jusan Bank ecosystem in Kazakhstan. Parallels FFIns' positioning as a bank-adjacent insurer with cross-selling capabilities and a multi-line product offering.
• Nomad Insurance: Kazakhstan P&C insurer offering motor, property, and travel insurance products. Directly competes with FFIns in the Kazakh retail and SME insurance segments.
• Kaspi Insurance (Kaspi.kz): Insurance arm of Kazakhstan's dominant super-app Kaspi.kz. Embeds motor and consumer insurance within a broader marketplace ecosystem, directly competing with FFIns' digital-first distribution strategy.
• Eurasian Insurance Company: Kazakhstan-based multi-line P&C insurer offering motor, property, and corporate coverage. Operates in the same regulatory and competitive environment as FFIns with a comparable product portfolio.

Broad incumbents

• Allianz Kazakhstan: Subsidiary of global insurance giant Allianz, operating in Kazakhstan. Competes in P&C and life segments with broader international capacity and reinsurance support, but with less ecosystem-specific positioning than FFIns.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 Freedom Insurance