Insurance Post

Kazakh insurance group recovering with 67% growth after restructure, notes Fitch

Fitch Ratings has assigned Kazakhstan-based non-life insurance group Amanat Insurance a 'B' Insurer Financial Strength (IFS) rating and a National IFS 'BB(kaz)' rating. The Outlooks are Stable.

It said the ratings take into account the operational challenges faced by Amanat due to the forced restructuring commenced in 2009 and also caused by the unfavourable environment in the Kazakh

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