Leading insurance company Allianz[1] has released a new edition of the Global Pension Report, containing an analysis of the pension systems of 71 countries using its own Allianz Pension Index (Index), according to which Kazakhstan took 26th position, ahead of Austria, Spain, Chile, Singapore, Hong Kong, China and many other countries (in 2023, Kazakhstan took 34th place out of 75 countries in the Index).
The Allianz Pension Index (API) is designed to comprehensively assess the sustainability and adequacy of pension systems. It consists of three sub-indices and takes into account 40 parameters assessed on a scale from 1 to 7, where 1 means the best result. The API index of the Kazakhstan pension system was 3.5 points.
[1] Allianz Group is a world leader among insurance companies and asset managers, serving 125 million private and corporate clients in almost 70 countries. As part of its activities, Allianz provides a wide range of personal and corporate insurance services, including property insurance, life and health insurance, assistance services, credit insurance and international business insurance. In addition, the company is actively engaged in conducting research in various areas of the economy, including publishing reports on the analysis of pension systems around the world.