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Businessmen in Kyrgyzstan ask to spell out insurance procedure

Business asks the government to spell out all the terms and conditions of insurance. The Director of the International Business Council Askar Sydykov said at a meeting of the Business Development and Investment Council.

According to him, the insurance market does not know how to differentiate payments for insurance of carriers’ liability to passengers.

«18 citizens are compensated by an insurance certificate, but we know that there can be more of them. Therefore, insurance companies simply do not know whom to compensate. We propose to authorize the State Financial Supervision Service to develop proposals to detail the insurance procedure. If we do not finish this, we will not move to compulsory TPL insurance,» he said.

A representative of the Association of Insurers added that 5,500 minibus drivers were insured in 5 insurance companies, so there is no reason for panic.