2024-08-08 18:03:56

Summarizing the results of the insurance system's activities for the first half of 2024

On July 23 of this year, under the leadership of Chairman of the National Bank of Tajikistan Firdavs Tolibzoda, with the participation of Deputy Chairman of the National Bank of Tajikistan Gulbakhor Naziri, heads of relevant NBT structures, insurance organizations and the National Association of Insurance Organizations of Tajikistan, a final meeting of the activities of the insurance system for the first half of 2024 was held.

Chairman of the National Bank of Tajikistan Firdavs Tolibzoda opened the meeting by noting that the National Bank of Tajikistan acts on the basis of the wise policy of the Founder of Peace and National Unity - Leader of the Nation, President of the Republic of Tajikistan, honourable Emomali Rahmon, to bring the insurance system in line with the requirements of international standards and implements sectoral reforms. Large-scale reforms are continuing in this direction, since March 1, 2024, appropriate amendments and additions have been made to the Law of the Republic of Tajikistan “On Insurance Activities”, on this basis, it is planned to develop and adopt a number of regulatory legal acts regulating the field.

At the same time, the National Bank of Tajikistan, together with development partners, solves the existing problems of the industry during the implementation of the reforms undertaken. Within the framework of such cooperation, the "Strategy for the development of the insurance market for 2024-2027" project was developed, which is aimed at developing the industry in the medium term and is at the stage of final consideration and adoption.

Then, Deputy Head of the Insurance Control Management Boburkhon Boboev made a detailed report to the participants of the meeting on the topic “Summarizing the activities of the insurance system in the Republic of Tajikistan for the first half of 2024".

The report provides information on the coverage of the country's insurance market, key industry indicators, compliance with legislative requirements and acceptable standards of the insurance supervisory authority, monitoring the correction of existing deficiencies in the insurance system and prospects for the development of the insurance system in the medium term.

Further, the heads of insurance organizations reported to the leadership of the National Bank of Tajikistan on the elimination of existing shortcomings and the goals of their organizations in the next half of the year.

At the end of the meeting, the Chairman of the National Bank of Tajikistan stressed that in order to improve the quality of insurance services, insurance organizations need to carry out their activities in accordance with the provisions of the legislation, take urgent measures to ensure liquidity, financial stability, quality of services, contribution to the green economy, introduction of modern insurance products, professional development of employees and expansion of advocacy jobs among the population. In addition, the use of modern technologies, the installation of automated programs, the acceleration of the digitalization of the economy, the competitiveness of insurance products, transparency of transactions and an increase in non-cash payments make a significant contribution to the development of insurance system.

Material: NBT