Research for introduction of obligatory insurance of real estate of private entities to be finalized by July 1

Date: 05:46, 06-05-2014.

Almaty. May 6. KazTAG - The research for introduction of obligatory insurance of real estate property from natural disasters will be finalized by July 1 2014, reports the Ministry of Economy and Budget Planning.

"MEBP developed a draft law "On obligatory insurance of property of private entities for emergency situations of natural and technogenic character". A technical task was given to conduct a research "System of obligatory insurance of real estate of private entities for emergency situations of natural character" which will estimate risks of disasters and develop a strategy of risks financing," reads the message.

The research is planned to be completed by June 30 2014.

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