Amanat insurance

What Amanat insurance does

Amanat Insurance is a Kazakhstan-based insurance company headquartered in Almaty, offering both mandatory and voluntary coverage across retail and corporate lines. Its retail portfolio includes travel insurance (coverage up to €100,000 starting from €1/day), CASCO voluntary auto insurance, mandatory motor third-party liability (OSGPO VTS), and European accident report (Europrotocol) services. The corporate portfolio spans transport, cargo, property, accident, professional liability, employer liability, and several mandatory lines required by Kazakh law for carriers, auditors, notaries, hazardous facility owners, and environmentally sensitive operations. The company is publicly listed on the Kazakhstan Stock Exchange (KASE: AMIN) and employs 501–1,000 staff.

The company's core technology is a digital-first platform built around amanat24.kz, which enables online policy issuance in under 5 minutes, a personal account portal for self-service, and 24/7 online claims settlement and status tracking. Amanat was the first insurer in Kazakhstan to implement a full online cargo loss adjustment cycle (October 2025) and operates an insurance policy verification service integrated with the unified insurance database. Distribution is hybrid: direct online self-service, an agent network with commissions of up to 50% via the ADP partner platform, and a corporate sales team for enterprise clients, supported by social media (Facebook, Instagram, VK) and a call center operating 09:00 to 21:00.

Amanat's business model is classic insurance underwriting: collecting recurring premiums across a diversified product mix, paying claims (4.5+ billion KZT to clients in 2025), and emphasizing a high payout ratio and digital accessibility as customer-acquisition and retention levers. The company serves a hybrid mix of individual customers (tourists, vehicle owners) and legal entities, and markets itself through financial-literacy content and fraud-awareness education.

Name

Amanat insurance

Legal name

АО «Страховая компания «Amanat»

Website

https://amanat24.kz

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Amanat Insurance is a Kazakhstan-based, publicly listed (KASE: AMIN) digital-first insurer offering mandatory and voluntary coverage including travel, CASCO, property, cargo, and liability insurance to individuals and corporate clients via its online platform and agent network.

Ownership category

akta.pro rank

Headquarters

HQ city

Almaty

HQ country

Kazakhstan

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Insurance Premiums: Collection of insurance premiums from various types of coverage including mandatory third-party liability insurance (OSGPO VTS), voluntary auto insurance (KASKO), travel insurance, property insurance, cargo insurance, professional liability, and employer liability insurance

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Amanat Insurance sells a broad portfolio of mandatory and voluntary insurance products to individual consumers and corporate clients in Kazakhstan, including auto (CASCO and mandatory ОГПО ВТС), travel/MST, cargo, property, accident, environmental, and various professional and employer liability coverages. Distribution is digital-first through the amanat24.kz online platform, complemented by an insurance agent network offering commissions up to 50% and a direct corporate sales team. The company also provides 24/7 online claims settlement, online policy issuance in under 5 minutes, and an integrated insurance policy verification service.

Product overview

Amanat Insurance is a Kazakhstan-based insurance company offering a broad portfolio of both mandatory and voluntary insurance products. The core product lineup is organized into individual lines (Travel/MST, CASCO auto, mandatory MTPL/ОГПО ВТС, European accident report) and a business/corporate segment. For corporate clients, Amanat provides mandatory insurance types (carrier liability, auditor liability, notary liability, hazardous facility owners, environmental insurance, tourist mandatory) and voluntary types (transport, cargo, property, accident, various GPO/professional liability, employer liability). The company's digital ecosystem centers on its amanat24.kz platform, which provides online policy issuance, a personal account portal, and 24/7 online claims settlement. The company differentiates through a high payout ratio, online-first service delivery, and agent partnership programs with commissions up to 50%.

Differentiator

Problem solved

Functional benefit

Products and services

• Travel Insurance (Туризм / MST) Travel insurance product for individuals covering medical expenses abroad, including examination and treatment costs, with insurance sum up to €100,000 and pricing starting from €1 per day.
• CASCO Voluntary Auto Insurance (Каско) Voluntary comprehensive auto insurance for car owners with personalized insurance terms, arranged online in 5 minutes.
• Mandatory Motor Third-Party Liability Insurance (ОГПО ВТС) Mandatory auto insurance required for every vehicle owner in Kazakhstan, covering damages caused to third parties in traffic accidents; processed online within minutes.
• Mandatory Environmental Insurance Mandatory environmental insurance for businesses operating in environmentally hazardous sectors, as required by Kazakhstan legislation.
• Mandatory GPO for Carriers (ОГПО перевозчика) Mandatory third-party liability insurance for passenger and cargo transporters, covering harm to passengers and third parties in transport accidents.
• Mandatory GPO for Auditors (ОГПО аудиторов) Mandatory professional liability insurance for auditors, covering damages arising from professional errors and omissions.
• Mandatory GPO for Notaries (ОГПО нотариусов) Mandatory liability insurance for notaries, covering potential damages related to notarial activities.
• Mandatory GPO for Hazardous Facility Owners (ОГПО владельцев опасных объектов) Mandatory liability insurance for owners of hazardous industrial facilities, covering third-party damages related to facility operations.
• Voluntary Transport Insurance (Auto, Aviation, Rail, Maritime) Voluntary transport insurance covering vehicles, aviation, railway, and maritime risks for corporate clients.
• Cargo Insurance (Страхование грузов) Voluntary cargo insurance covering goods during transportation by various modes, including the first-in-Kazakhstan full online cargo loss adjustment cycle.
• Voluntary Property Insurance (Страхование имущества) Voluntary property insurance covering homes, apartments, dachas, and other property against unforeseen events.
• Accident Insurance (Страхование от несчастных случаев) Voluntary accident insurance providing coverage for bodily injury and death resulting from accidents.
• General Third-Party Liability Insurance (Страхование ГПО) General voluntary third-party liability insurance covering various business liability risks.
• Voluntary GPO Auto Insurance (Страхование ГПО автовладельцев) Voluntary auto third-party liability insurance for vehicle owners providing extended coverage beyond mandatory requirements.
• Voluntary GPO Carrier Liability Insurance (Страхование ГПО перевозчика) Voluntary liability insurance for carriers covering passenger and cargo transportation risks.
• Professional Liability Insurance (Страхование профессиональной ответственности) Voluntary insurance covering professional liability risks for various professions and industries.
• Employer Liability Insurance (Страхование ответственности работодателя) Voluntary insurance for employers covering liability for workplace injuries and occupational diseases of employees.

Quantifiable outcome

• 4.5+ billion tenge in payouts to clients in 2025
• +1 more outcomes

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

One partnership is on record.

• BNK Commercial BankminorStrategic or Co-development Partner · 26 March 2026Amanat Insurance and BNK Commercial Bank signed a strategic partnership agreement aimed at developing long-term and mutually beneficial cooperation. The agreement focuses on providing insurance services to the bank's customers through the partnership.

Scale indicators3 records

Recent moves4 records

Expansion highlights4 records

Regional players

• Tinkoff Insurance (T-Bank group): Russian digital bank with embedded insurance offerings in motor, travel, and property. Comparable digital-first distribution and customer experience orientation, though operating in a different (now constrained) geography.
• INGO Insurance: CIS-focused general insurer with Kazakhstan presence offering corporate and motor lines. Comparable product breadth across post-Soviet markets, with deeper CIS network reach.

Direct peers

• Kaspi Insurance (Kaspi.kz super-app): Kaspi's marketplace embeds insurance purchasing within Kazakhstan's dominant super-app, offering similar retail motor and consumer lines. Closest digital distribution competitor to Amanat in the same geography.
• Halyk Insurance (Halyk Bank group): The largest Kazakhstan bank-affiliated insurer, offering KASKO, MTPL, corporate and retail lines through Halyk Bank's distribution. Directly comparable to Amanat on product mix and market, with a much larger captive distribution base.
• Nomad Insurance: Kazakhstan-domiciled general insurer covering motor, property, and corporate liability. Comparable scale and product breadth in the same domestic market.
• Freedom Finance Insurance: Kazakhstan-based financial group with insurance operations covering retail and corporate lines. Comparable market footprint and overlapping customer base with broker/agent distribution.
• Eurasian Insurance Company: Established Kazakhstan general insurer offering KASKO, MTPL, property, and corporate lines. Comparable product mix and target segments, with deeper legacy distribution.

Broad incumbents

• Allianz Kazakhstan: Global insurance incumbent operating in Kazakhstan across P&C and corporate lines. Comparable product categories with brand strength and global reinsurance capacity Amanat lacks.
• Vienna Insurance Group (VIG) – Kazakhstan operations: Major CEE insurance group with general insurance operations in Kazakhstan. Comparable product categories (motor, property, liability) but operates as part of a much larger European portfolio.

Emerging players

• Lemonade: US digital-first P&C insurer using app-based underwriting and claims. Comparable digitally-native, customer-experience-led model, though operating in a far more mature insurance market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/AmanatInsurance
• Instagraminstagram.com/amanat_official
• LinkedInlinkedin.com/company/amanat-insurance

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 Amanat insurance