Insurance Age

From the front line with love

Letter to President Petrov Arverbeyev.

Kazakhstan Insurance Company

Astana, Kazakhstan

Dear Mr Arverbeyev,

I am sending you the half-year results from the UK commercial division of Kazakhstan Insurance Company. Unfortunately, as we have a substantial shortfall from plan in a number of areas, I thought it advisable to write to you personally to explain.

As we report in euros, one reason for the shortfall in revenue and profit is the adverse exchange rate between the pound and the euro. However, even

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