Dear Friends,

We continue to share real-life examples that demonstrate the importance of insurance in minimizing financial risks and maintaining business stability.

Insurance Case:
In May 2023, during cargo delivery, damage was discovered to equipment — specifically, two modules of a PFC (Power Factor Correction) substation. Restoration was not possible within Kazakhstan, so the modules had to be sent back to the manufacturer abroad.

Final Costs:

• Repair of the modules: KZT 70 million
• Transportation and customs clearance: KZT 20 million

The total amount of damage was KZT 90 million. After the deductible, the insurance payout amounted to approximately KZT 88 million.

Result:
Thanks to insurance, the company avoided significant financial losses and was able to promptly restore the damaged equipment, ensuring the continuity of its operations.

This case once again confirms how essential reliable insurance is to protect businesses from unforeseen situations.

Learn more about the insurance products offered by Kazakhmys Insurance Company by calling 2090 (free from any mobile operator).