Translated with AI
The National Bank of Tajikistan, as the insurance supervisory authority in the Republic of Tajikistan, has officially joined the Cape Town Declaration on Inclusive Insurance and the Access to Insurance Initiative (A2ii), the National Bank reports.
The initiative works with insurance supervisory authorities in participating countries to expand insurance coverage globally. Its members include central banks, insurance supervisory authorities, finance ministries, international organizations, development partners, research centers, and partner networks, including the Alliance for Financial Inclusion (AFI).
The Access to Insurance Initiative, supported by the International Association of Insurance Supervisors (IAIS), the German Agency for International Cooperation (GIZ), the German Federal Ministry for Economic Cooperation and Development (BMZ) and other development partners, has played a key role in developing industry knowledge, facilitating the exchange of experience between insurance professionals and strengthening dialogue between regulators and other stakeholders since 2009.
The initiative's primary goal is to expand insurance coverage and improve access to insurance services worldwide. In this context, several key areas are being implemented, including supporting the implementation of the Cape Town Declaration on Inclusive Insurance, developing innovative approaches to inclusive insurance, and creating platforms for exchanging experiences between regulators.
The key action areas of the Cape Town Declaration include regulation and supervision of microinsurance, digitalisation of insurance services, disaster insurance, gender equality, financial inclusion and strengthening the professional capacity of insurance regulators.
It is noted that the declaration contains five high-level goals that correspond to the strategic directions for the development of insurance supervision in the Republic of Tajikistan.
Joining this initiative will allow the country's insurance system to gain access to international experience, improve industry legislation, and develop innovative processes for comprehensive regulation and supervision of insurance.
