Ashgabat, Turkmenistan, July 8
By Huseyn Hasanov– Trend:
Work is underway in Turkmenistan to update the existing insurance regulations, the country's government said in a message July 8.
“As global practice shows, when switching to market economy, this sphere becomes an objectively necessary element of the whole economic mechanism,” said the message.
The State Insurance Organization of Turkmenistan (Turkmengosstrah) in cooperation with leading international organizations specializing in this field adopted insurance programs, which provide protection against various types of industrial risks.
Turkmengosstrah has a wide network of over 40 branches in the country. At the current stage, the organization expands partnership relations with leading international insurance and reinsurance companies, as well as insurance brokers.
Many large companies with foreign capital currently operate in Turkmenistan, and they are interested in updating the insurance protection mechanism, the message of the country’s government said.