OREANDA-NEWS. Insurance Company Eurasia JSC has provided Kazakhstan Stock Exchange the following information statement:

"... Pursuant to the Decree of the President of the Republic of Kazakhstan on the need to change approach to activities during the crisis and introduction of austerity measures, Insurance Company Eurasia JSC declares a moratorium on the increase in insurance tariffs for all insurance products sold to both individuals  and legal entities in the Republic of Kazakhstan until December 31, 2015

The company also announces a moratorium on the increase in the cost of reinsurance for our partners being the insurance companies of the Republic of Kazakhstan for the same period.

In addition, the partner of Insurance Company Eurasia JSC offering services as a health services organization Medical Assistance Group LLP sought the possibility of freezing the tariffs until the end of the year for all of its services, including  dental care services, the cost of which is most dependent on foreign exchange  rates.

Insurance Company Eurasia JSC being 100% Kazakhstan insurer implements a strategy to maintain risks and insurance premiums in Kazakhstan and reduce the volume of outward reinsurance. The shareholders of the company have been consistently increasing capitalization of Insurance Company Eurasia JSC. All this  allows Eurasia to control the cost of its services with no dependence on the price  of reinsurance abroad and exchange rates".