The National Bank of the Republic of Tajikistan convened insurance company leaders to review the insurance sector’s performance in the first half of 2025 and set priorities to strengthen supervision and accelerate digitisation. The central bank framed the agenda around aligning the insurance framework with international standards and mitigating the growing impacts of economic and political tensions and climate-related losses. Work under Tajikistan’s Law on Insurance Activity included drafting several regulatory acts, some of which have already entered into force, covering contributions to insurance reserve funds, recommended information to be shown on insurance policies, the preparation and submission deadlines for financial statements, and a chart of accounts with related account descriptions for insurance and reinsurance organisations. In parallel, the National Bank is developing a “Unified Electronic Insurance System” intended to connect insurance lines on a phased basis and to secure the registration of insurance contracts and policies through digital codes. Insurance organisations were also instructed to improve service quality and digital delivery, respond promptly to policyholder requests, strengthen customer communications, expand public awareness efforts, and move insurance operations fully to non-cash execution.
National Bank of the Republic of Tajikistan 2025-07-17
National Bank of the Republic of Tajikistan advances insurance rulemaking and builds a Unified Electronic Insurance System
The National Bank of the Republic of Tajikistan reviewed the insurance sector's performance, setting priorities to enhance supervision and digitisation, aligning with international standards. Regulatory acts were drafted under the Law on Insurance Activity, addressing reserve funds, policy information, financial statement deadlines, and account descriptions. The bank is also developing a "Unified Electronic Insurance System" to digitise operations and improve service quality.