Kazakhstan to introduce mandatory housing insurance against natural disasters by 2030

September 6, 2026 at 09:00 AM2 min

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The National Bank of Kazakhstan and the Agency for Regulation and Development of the Financial Market plan to introduce mandatory housing insurance against natural disasters by 2030. The mechanism will be implemented through updates to two basic laws under the Insurance Market Development Program until 2030. Only 3.2% of homeowners currently insure their housing, while the government spent 251 billion tenge on flood recovery in 2024.

Key Facts

The government allocated 251 billion tenge for housing repairs, new construction, and purchase of ready homes after the 2024 floods.
Only 3.2% of homeowners in Kazakhstan insure their housing, with Almaty reaching 7.7%.
In 2025, total insurance premiums collected by Kazakh insurers reached 1.7 trillion tenge, up 12.5% year-on-year and 3.3 times over five years.
The proposed annual mandatory housing insurance premium ranges from 2,000 to 20,000 tenge.
Kazakhstan currently has 8 types of mandatory insurance, which collected 272 billion tenge in premiums in 2025.

Mandatory Insurance Mechanism

The National Bank and the Agency for Regulation and Development of the Financial Market intend to introduce mandatory housing insurance this year by updating two basic laws. If adopted, housing insurance against natural disasters will become mandatory in stages until 2030. The program covers residential properties against earthquakes, floods, and natural forest fires. The proposed annual premium ranges from 2,000 to 20,000 tenge, with the lower limit set at 2,000 tenge.

Current Insurance Market

In Kazakhstan, only 3.2% of homeowners insure their housing, while in Almaty the figure reaches 7.7%. In 2025, total insurance premiums reached 1.7 trillion tenge, growing 12.5% over the year and 3.3 times over five years. Over the past five years, the number of voluntary property insurance contracts increased by 12%, and premium volume grew by 51%. Kazakhstan has 8 types of mandatory insurance, which collected 272 billion tenge in premiums in 2025.