{"id":14211,"date":"2019-12-10T06:56:46","date_gmt":"2019-12-10T06:56:46","guid":{"rendered":"http:\/\/bulletins.bfconsulting.com\/?p=14211"},"modified":"2019-12-10T06:56:46","modified_gmt":"2019-12-10T06:56:46","slug":"how-technology-can-help-grow-kazakhstan-s-insurance-market","status":"publish","type":"post","link":"https:\/\/bulletins.bfconsulting.com\/en\/how-technology-can-help-grow-kazakhstan-s-insurance-market\/","title":{"rendered":"How technology can help grow Kazakhstan\u2019s insurance market"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Insurance markets are changing all over the world thanks to digital innovations. This includes: changes to calculation models, increased competition (due to the rise of insurance platforms), a rise in the use of online data analysis, actuary skill development and new car insurance models. Although suffering from a number of unresolved matters at a regulatory level, innovative solutions in the insurance market are starting to make their way into Kazakhstan. For example, Kazakhstani startups already make use of platform solutions, blockchain technology and data analysis from internet of things (IoT) devices. This means that insurers in the country have enormous potential to develop and grow profits. This includes health insurance, life insurance and insurance against operational risks. To do so however, insurance companies in the country need to employ methodologies for making the innovation process manageable and efficient in terms of time and return on investment. For them, this process is likely to start with partnerships with companies from other sectors, technology companies and startups.<\/span><\/p>\n<div class=\"rpbt_shortcode\">\n\n<div id='rpbt-related-gallery-1' class='gallery related-gallery related-galleryid-14211 gallery-columns-3 gallery-size-thumbnail'><figure class='gallery-item' role='group' aria-label='Video: the impact of alternative lenders in the next 5 years'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/video-the-impact-of-alternative-lenders-in-the-next-5-years\/'><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/05\/What-impact-will-alternative-lenders-have-had-upon-lending-in-5-years-time-150x150.jpeg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" aria-describedby=\"rpbt-related-gallery-1-9856\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-9856'>\n\t\t\t\tVideo: the impact of alternative lenders in the next 5 years\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Mutual service of Russian plastic cards \u2018The World\u2019 and Armenian \u2018ArCa\u2019 to be launched in 2017'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/mutual-service-of-russian-plastic-cards-the-world-and-armenian-arca-to-be-launched-in-2017\/'><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2017\/12\/e8c338a66ef6bf5d2a0410306eaa1e3e-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" aria-describedby=\"rpbt-related-gallery-1-7531\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-7531'>\n\t\t\t\tMutual service of Russian plastic cards \u2018The World\u2019 and Armenian \u2018ArCa\u2019 to be launched in 2017\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Alternative lending startups changing traditional lending in India'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/alternative-lending-startups-changing-traditional-lending-in-india\/'><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/05\/pexels-photo-602607-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" aria-describedby=\"rpbt-related-gallery-1-9884\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-9884'>\n\t\t\t\tAlternative lending startups changing traditional lending in India\n\t\t\t\t<\/figcaption><\/figure>\n\t\t<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Insurance markets are changing all over the world thanks to digital innovations. This includes: changes to calculation models, increased competition (due to the rise of insurance platforms), a rise in the use of online data analysis, actuary skill development and new car insurance models. Although suffering from a number of unresolved matters at a regulatory &hellip;<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,76],"tags":[45,197,460,421,335],"class_list":["post-14211","post","type-post","status-publish","format-standard","","category-fintech","category-kazakhstan","tag-blockchain","tag-data","tag-insurtech","tag-iot","tag-startups","bulletin_edition-fintech-trends-2020","b_post_type-regional-fintech-news"],"_links":{"self":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/14211","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/comments?post=14211"}],"version-history":[{"count":1,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/14211\/revisions"}],"predecessor-version":[{"id":14212,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/14211\/revisions\/14212"}],"wp:attachment":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media?parent=14211"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/categories?post=14211"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/tags?post=14211"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}