User:Press95/sandbox

JSC Eurasia Insurance Company (in rus. Акционерное общество «Страховая компания „Евразия“, officially name, in kaz. „Евразия“ сақтандыру компаниясы» АҚ) – is largest insurance company in Kazakhstan.

Company was established in 1995 with head office in Almaty, Kazakhstan. Dr. Boris Umanov - CEO of Eurasia Insurance Company. Eurasia is the leading insurance and reinsurance company situated in Kazakhstan. Eurasia has proved itself to be most diverse of all insurers and reinsurers in Kazakhstan, having licenses to embrace all type of covers under insurance and reinsurance classes, participates in the reinsurance of risks located in over 75 countries worldwide.

= History =

1995 – Registration of JSC Eurasia Insurance Company with an authorized capital of KZT2 million. 2000 – An increase of authorized capital to KZT100 million. 2002 – An increase of authorized capital to KZT200 million. 2003 – Acquisition of eight-story office in the center of Almaty and for the company’s head office. 2003 – Eurasia entered to the top five leading insurance companies in the Republic of Kazakhstan. 2004 – Eurasia is created and hosted by Internet corporate website. (www.theeurasia.kz) 2004 – Acquisition of an additional four-story building for its medical center. 2005 – Eurasia Insurance Company became the leader of Kazakhstan's insurance market, its equity exceeded KZT6.6 billion. 2009 – Rearranged a license of JSC Eurasia Insurance Company (subsidiary company JSC Eurasian Bank) for insurance/reinsurance for general insurance in connection with the change of the name of the license to JSC Eurasia Insurance Company. 2010 – The increase in Paid-up Share Capital of JSC Eurasia Insurance Company to KZT31.122 billion or 42.25% of the total authorized capital of insurance companies in Kazakhstan.

= Eurasia Today =

Awards and Achievements
•	The leader of the insurance market of the Republic of Kazakhstan as to all financial indices (according to the Agency for Regulation and Supervision of Financial Market and Financial Organizations). •	The best insurance company in the Republic of Kazakhstan according to Reactions, an influential international insurance publication. •	Eurasia Insurance Company is one of the CIS insurance business leaders and the world’s leading insurance brokers, such as Marsh, Willis, Heath Lambert, and Cooper Gay, have included it in the list of approved insurance companies of the international reinsurance market (Market security list). •	The best insurer and reinsurer in the Republic of Kazakhstan according to Global Broker & Underwriter magazine (the survey is in the "foreign press" section). •	The initiator and organizer of the Annual International Risk Management Conference in Almaty.

Ratings
25 March 2010 A.M. Best, the oldest international rating agency, has granted the JSC Eurasia Insurance Company financial stability rating of “B++” level (Good) and the issuer credit rating of “bbb” level. The forecasts for the both ratings remain stable. On 22 July 2010, the international rating agency Standard & Poor's upgraded the long-term counterparty credit ratings and financial stability of Eurasia Insurance Company at the level «BB-». The outlook on the ratings is "stable". At the same time, the rating of Eurasia on a national scale has been confirmed at the level «kzA-».

= International Memberships =

•	IUA (International Underwriting Association - London) - Eurasia Insurance Company is the only member insurer from the CIS countries; •	IIS (International Insurance Society - New York); •	F.A.I.R (Federation of Afro - Asian Insurers and Reinsurers) - Eurasia Insurance Company is the only member insurer from the CIS countries; •	IUMI (International Union of Marine Insurance - Zurich); •	FIAK (Financial Institutions’ Association of Kazakhstan).

= Reference =

The Paid-Up Share Capital of Eurasia Insurance Company is KZT31.122 bn. or 42.25% of the combined total share capital of insurance companies in Kazakhstan. As of 01 September 2010, the assets of Eurasia reached KZT60.017 billion, capital amounted to KZT38.276 bn., a 12.03% over the previous year. During this period, the company paid insurance/reinsurance claims totaling KZT1.450 billion.