Uzbekistan studies South Korean experience in mandatory insurance
17/12/2014 11:58
Uzbekistan studies South Korean experience in mandatory insurance
17/12/2014 11:58
Tashkent, Uzbekistan (UzDaily.com) -- Tashkent hosted a seminar “Experience in mandatory insurance of civil liability of vehicle owners in Republic of Korea”.
The seminar was organized within the implementation of KSP project “Further development of infrastructure for mandatory insurance of civil liability of vehicle owners in Uzbekistan”.
The project was developed within a protocol of intention between Ministry of Finance of Uzbekistan and Commission on financial service s of South Korea on exchange of knowledge, signed on 29 October 2013 in Tashkent within the Uzbek-Korean business forum and envisages cooperation in following directions: improving skills of insurance market of Uzbekistan,information-communication technologies and other significant aspects in the system of mandatory insurance of civil liability of vehicle owners, optimization of information base of the Fund on guaranteeing payments on mandatory insurance of civil liability of vehicle owners.
These measures are continuation of implementation of the memorandum of understanding between Ministry of Finance of Uzbekistan and Commission on financial service s of South Korea on assisting and mutual cooperation in financial supervision, signed in Seoul on 20 September 2012.
Representatives of State Inspection of insurance supervision of Ministry of Finance, State Customs Committee, Main department of road safety of Ministry of Interior Affairs, Korea Development Institute, Korean Insurance Development Institute and others participated in the seminar.
During the event, representatives of the Korean institutions presented information on insurance market and automobile insurance market in South Korea, etc. The participants exchanged opinion on other issues as well.
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