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Kazakhstan Insurance Company Plans to Enter Georgia

Kazakhstan Insurance Company Plans to Enter Georgia

One of the leading Kazakhstan insurance company “HSK” plans to enter Georgia and to establish its own company.

The company’s board chairman, Tlek Alzhanov stated to Kazakh media about this decision.

On the question of how to develop business management, Alzhanov said:

“We do diversification. We would like to establish our companies in Georgia and Mongolia. We have already built our company in Kyrgyzstan, where our company keeps lead position”.

He also talked about Global Insurance Market Trends:

“The main trend is online – policies. This is what the whole world is moving. Unfortunately our technical capabilities do not allow us to fully develop this direction. We have an expensive Internet, and – not in everywhere.

In case this technical problem to be resolved, we would offer online insurance services even in each village.

“In my opinion, the basic trend, is the new IT- products. The second trend in the agrarian sector is required indexed insurance, third – it should be accepted a law about catastrophic risks as such events occur in life.

Therefore we must take the appropriate law. I suppose, this will be the major trends for the next two years, “- said HSK’s Chairman.

The insurance company “HSK” was established in 1996 and it is one of the biggest insurer in Kazakhstan.