KAZAKHSTAN: From January 1, 2024, citizens will be able to use the European Accident Statement to receive insurance compensation

5 December 2023 — Marina MAGNAVAL
On November 5, 2023, the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market approved the rules for a simplified procedure of claim settlement – European Accident Statement, Allinsurance.kz reports with reference to the Agency.

The rules provide for the European Accident Statement procedures and approve a declaration form to be filled out by participants in a road traffic accident.

From January 1, 2024, citizens will be able to receive insurance compensation in a simplified way for minor road accidents.

It is noted that introduction of the European Accident Statement will allow citizens to quickly receive compensation from insurance companies and will ensure control and transparency of payments.