Freedom Insurance has confirmed the rating at “B+” with a “Stable” perspective

On 24 August 2023, S&P Global Ratings confirmed the long-term credit rating and financial strength rating of Freedom Insurance at “B+”. The outlook on the rating remains “Stable”.

The Company keeps holding key positions in the insurance market of Kazakhstan, focusing mainly on individuals. Motor insurance remains Freedom Insurance's leading line of business, accounting for 62% of total insurance premiums collected in the first six months of 2023. The company is also actively developing corporate insurance, offering a wide range of services for businesses.

Analysts note that Freedom Insurance has successfully adapted to changing market conditions using innovative approaches and technologies. It is expected that in the coming years the company will strengthen its market position by introducing new products and expanding its geographic coverage.

Analysts' views on the insurance company capital remain positive, emphasizing its adequacy to support further planned business growth. Special attention is paid to the company stability in the conditions of economic uncertainty and possible market fluctuations.