National Bank of the Republic of Tajikistan reviews first half insurance sector performance and sets second half 2026 priorities

The National Bank of the Republic of Tajikistan held a meeting to review the country's insurance sector in the first half of 2026, concluding that the sector continued to grow despite external pressures including global economic volatility, geopolitical risks and climate change. The central bank used the meeting to outline reform measures already taken during the period and to set priorities for the second half of the year. Measures highlighted included preparation of the National Bank of the Republic of Tajikistan's 2026-2030 strategy for development of the insurance system and its implementation plan, approval of a model electronic policy form for compulsory civil liability insurance for motor vehicle owners, and amendments to several regulatory legal acts governing insurance activity. In parallel, the central bank said it had worked with development partners on introducing Islamic insurance and developing natural disaster risk management mechanisms, and had held professional training seminars on implementation of International Financial Reporting Standards 17. The head of insurance supervision also presented an overview of insurance coverage, key sector indicators, compliance with legal and prudential requirements, existing problems and the sector's outlook. Insurers were directed to focus on service quality, timely insurance payments, compliance with prudential norms, proper formation of insurance reserves, stronger accounting systems, digitization, branch network expansion and public awareness. At the close of the meeting, tasks were set for the second half of 2026 and instructions were issued to insurance organizations and relevant central bank units to ensure timely implementation.