NB believes introduction of businessmen responsibility insurance inexpedient in Kazakhstan

Almaty. April 15. KazTAG - The National Bank believes that it is not expedient to replace state control by insurance of businessmen responsibility, said Olzhas Kizatov, deputy director of department of metrology of control and surveillance of the National Bank.

"We believe this type of insurance is inexpedient, because there is criterion of insurance to be obligatory. In our opinion, the problem which was voiced by the Ministry of Economy must not be covered by introduction of an obligatory insurance type," he said at the international conference "Insurance in Central Asia".

In  his words, the problems of businessmen must not be covered by the obligatory types of insurance.

"The National Bank is currently updating obligatory types of insurance reducing obligatory types of insurance and eliminating unprofitable and idle insurance types," he added.