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It's the size of Europe and rich in natural resources, but Kazakhstan's economy has been suffering since the downturn in oil prices. Still, its financial services industries have been evolving, after recovering from the 2008 crisis. Abylai Jakishev, advisor to the chairman of the board of directors for Kazkom Life, explains the current state of the country's life insurance sector, what reforms are needed to grow its nine percent penetration rate, and what changes we can expect in the next two years. For a full transcript visit: http://www.worldfinance.com/videos/kazkom-life-how-developed-is-kazakhstans-life-insurance-industry For more World Finance videos go to http://www.worldfinance.com/videos/