Insurance Payments Guarantee Fund: what it is

If an insurer loses its license, OGPO payouts are guaranteed by a special fund financed by insurers' contributions. How it works.

The Insurance Payments Guarantee Fund is a mechanism protecting drivers if an insurer loses its licence. The system operator is the Insurance Payments Guarantee Fund JSC, established in 2003 and working under a dedicated law of Kazakhstan.

Why the fund exists

If an insurer loses its licence or goes bankrupt, payouts under mandatory insurance (including OGPO) are guaranteed by the fund — within the limits set by the mandatory insurance law.

The fund is financed by insurers' mandatory contributions: your protection does not depend on any single company's finances.

When the fund pays

Case one — your insurer (or the at-fault driver's insurer) loses its licence: you apply to the fund for a guarantee payout, and it pays instead of the insolvent insurer.

Case two — the at-fault driver fled the scene and was not identified: the fund also compensates the victim of such an accident.

The fund additionally administers the europrotocol — the simplified police-free filing of minor accidents.

What it means for you

Even buying OGPO from a small insurer, you are protected: the mandatory-policy payout is guaranteed by the system.

Still, when choosing an insurer look at rating, app and payout speed — they define how smooth claims are while the insurer operates normally.

Key takeaways

• OGPO payouts are guaranteed by the fund even if the insurer's licence is revoked.
• The fund also pays when the at-fault driver fled and was not identified.
• Insurer rating and service still matter — comparing them is free.