World Bank supports catastrophe insurance market in Kazakhstan

ASTANA (TCA) — The World Bank Board of Directors has approved a US $5 million grant by the Global Environment Facility for providing technical support to the Government of Kazakhstan and the local insurance market to help address the effects of climate change on the national economy through the development of an advanced insurance market infrastructure, the World Bank said. Continue reading

Kyrgyzstan introduces compulsory real estate and vehicles insurance

BISHKEK (TCA) — As Kyrgyzstan faces state budget deficit the Government is trying to raise budget revenues at the expense of the citizens. In February 2016, compulsory insurance of residential real estate and motor transport will be introduced in Kyrgyzstan. Continue reading