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Introduction of digital marketplaces will increase interest in the insurance market

Director of the Department of Insurance Market and Actuarial Calculations of the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market Assel Amirbayeva took part in a panel session on digitalization of the insurance market, which was held as part of the annual Digital Almaty 2024 forum “Industry X: Digital Evolution of the Future.”
Introduction of digital marketplaces will increase interest in the insurance market

The main current and new trends in the development of insurance in Kazakhstan were discussed during this session. The representatives of government agencies, public associations, the insurance market and IT industry took part in the discussion. The main emphasis was placed on development of domestic voluntary insurance and introduction of digital marketplaces for convenience of insurance services for consumers.

“The driver of insurance are currently voluntary classes, and the market needs a digital solution to create an aggregator of insurance products that would simplify the consumer’s choice of suitable insurance conditions from the variety of offers available on the market,” emphasized Assel Amirbayeva.

The session participants also discussed the development of imputed insurance, creation of educational platforms for training qualified specialists in the field of insurance and increasing the financial literacy of the population, and introduction of insurance against catastrophic risks.

Photos are from open sources.

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