KYRGYZSTAN: The financial regulator actively interacts with the insurance industry to improve its functionality and quality of service

21 February 2024 — Marina MAGNAVAL
The Service for regulation and supervision of the financial market actively interacts with the insurance industry to improve its functionality and quality of service. Comprehensive work is being carried out in two key directions: a media plan for MTPL and digitalization of the insurance market through introduction of electronic insurance, the regulator said.

One of the regulator’s main priorities is to improve the mechanisms of compulsory motor liability insurance. The developed media plan is aimed at increasing citizens' awareness of the importance of compulsory motor liability insurance and providing wide access to up-to-date information about insurance services.

The second key direction of work is digitalization of the insurance market and introduction of electronic insurance. As part of this initiative, the mobile operator Beeline Kyrgyzstan is collaborating with insurance companies on issuance of MTPL policies.



223 views