The corresponding draft bill will be developed by the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market, as previously reported by Prime Minister Olzhas Bektenov, Kapital.kz writes.
During the session “Insurance of risks important for the economy and population: catastrophic risks”, experts discussed introduction of this type of insurance in Kazakhstan. The session was held on October 2 as part of the Insurance Forum Almaty 2024.
According to Elena Filimonova, Deputy Director of the Insurance Market and Actuarial Calculations Department of the Agency, this year the Agency has been actively working with experts from the Asian Development Bank to create a catastrophic insurance system. As the speaker noted, the most important
question today is to understand how to provide a profitable insurance product for citizens.
“There are more than 1,079 towns in the country that are prone to floods, and 430 towns are located in seismically dangerous regions. More than 19,000 residential properties were damaged by the floods, and compensation for that damage is still being paid both from the country's budget and in the form of sponsorship”, noted Aset Zhilkaidarov, Head of the Department for Prevention of Man-Made Emergencies (ES) of the Emergencies Prevention Committee at the Ministry of Emergency Situations.
Deputy Chairperson of the Agency Maria Khadzhieva reminded that legislative amendments related to the introduction of imputed professional liability insurance for medical workers will come into force on October 24 of this year. According to her, a single insurance pool will be created on the insurance market for the first time - to simplify the process of issuing insurance contracts and ensure maximum coverage of all medical institutions.
The speaker added that professional liability insurance for medical workers will be implemented entirely electronically: from the process of concluding a contract to receiving an insurance payment.
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