Translated with AI
The 21st meeting of the Interstate Coordination Council of Heads of Insurance Supervisory Authorities of the CIS Member States was held in Dushanbe. This was reported by the press service of the National Bank of Tajikistan.
At the opening ceremony, Deputy Chairman of the National Bank of Tajikistan Daler Murodalizoda, on behalf of the government of the republic, welcomed the participants and noted the importance of their active participation in discussing current issues related to the development of the insurance sector.
"The insurance market plays a key role in the economy of every country, protecting the interests of citizens and entrepreneurs, facilitating business development, and strengthening the state's financial stability. For Tajikistan, developing the insurance market is one of the most important factors in strengthening the national economy and improving the population's standard of living," he emphasized.
According to the National Bank, the republic's insurance market has grown 4.3-fold since 2017. With government support and the regulator's efforts, legislation has been improved, the necessary infrastructure has been created, modern oversight methods and digital platforms for regulating insurance processes have been introduced. These measures have increased public and investor confidence.
The meeting participants noted that the Council's activities are aimed at exchanging experiences, coordinating approaches, developing joint solutions, and strengthening financial stability throughout the region.
According to Murodalizoda, the topics discussed—from improving legislation to implementing modern technologies—create the conditions for making concrete decisions and further developing the insurance sector in the CIS countries.
The 21st meeting of the Council of Heads of Insurance Supervisory Authorities and the 14th seminar for heads of departments of insurance supervisory authorities are being held in Dushanbe on September 25–26 as part of the action plan for the implementation of the Concept of Tajikistan's Presidency of the CIS in 2025.
Reference: The Interstate Coordination Council of Heads of Insurance Supervision Authorities of the CIS countries was established by a decision of the Council of Heads of Government of the Commonwealth on June 3, 2005. The Council's primary objectives are to develop the region's insurance sector, improve multilateral cooperation between relevant authorities of the countries, exchange experience, implement educational programs, and jointly address current issues in the insurance sector.
