Turkmenistan, Ashgabat, July 30 / Trend H. Hasanov /
The operations are being made in Turkmenistan to establish a closed joint stock insurance company, an official Turkmen source said today.
A new organization will help to increase revenues from insurance, as well as to further improve the system.
The project corresponds to the state program of insurance business development in Turkmenistan for 2011-2015.
This issue was discussed at a recent government meeting. Turkmen President Gurbanguly Berdimuhamedov emphasized that insurance is an important factor in promoting economic and entrepreneurial activity, new areas of investments in terms of transiting to a market economy. This will help to ensure continuity of the production cycle.
"The insurance is also of high social importance as an effective mechanism for protecting physical and legal entities from the risks," the Turkmen president said. "This is a source of long-term investments in the domestic economy."
The Turkmen State Insurance Organization has a wide network across the country - more than 40 offices. At this stage, the organization expands partnership relations with leading international insurance and reinsurance companies and insurance brokers.
Reinsurance is mainly implemented through the largest insurance brokers of London insurance market, such as Marsh Ltd, AON Ltd, Colemont Ltd, HSBC, Willis Ltd. This allows delivering rapid and adequate compensation as a result of the damage if there is an insured case.