About holding XIV International Conference of Insurance in Central Asia

The Agency of the Republic of Kazakhstan for Regulation and Development of Financial Market (hereinafter - the Agency) informs that the XIV International Conference of Insurance in Central Asia (hereinafter - the Conference) was held on September 20-21, 2023.

The conference is a platform for sharing experience, discussing topical issues and tasks for all participants of the insurance market of the CIS countries, as well as determining the prospects and directions of development of the insurance sector.

Mariya Khajiyeva, Deputy Chairperson of the Agency, made a welcoming speech, noting that the Conference provided an opportunity to share the accumulated experience in improving regulation and supervision of the insurance market, the practice of implementation of international standards, digitalization of the industry.

The Deputy Chairperson of the Agency outlined the main achievements of the insurance market of Kazakhstan and priority directions of development for the near future. Further digitalization of the industry, development of imputed types of insurance with gradual transition of compulsory types of insurance to imputed types, improvement of risk-oriented supervision and introduction of behavioral supervision model, creation of catastrophic risks insurance system in the country were noted among the main priorities.

During the Conference panel sessions were held in various areas: the state and prospects of insurance markets of CIS countries, needs and features of developing actuarial associations, digital technologies and cybersecurity risks, auto insurance, approach and plans for transition to Solvency II, actuarial approaches within the framework of IAS 17 implementation, catastrophic risks.

 

External Communications Division

+7 (727) 237 1089, press@finreg.kz