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What is the future for the insurance sector in Kazakhstan?
At the end of the year before last, the National Bank seriously took up the insurance market: then, for the first time in many years, the regulator applied sanctions in several insurance companies. Why the supervisor has stopped looking through the flaws of insurers, and what this policy can lead to, Kursiv.kz learned. Last year, the National Bank applied sanctions and “restrictive measures” (these are written instructions and warnings) to insurers 24 times. In total, within the framework of administrative proceedings, the regulator collected about 2 million tenge. Kazakhstan insurance sector The amount is small, considering that in 12 months [...]
Roscosmos suspended insurance launches
Due to the lack of funding, Roskosmos is forced to abandon the insurance of satellites being put into orbit. As the launch campaign of this year unfolds, Roskosmos has not announced yet a single competition for the right to insure missiles, spacecraft and associated risks. “Of the 25 launches planned for this year, only six are insured, and these are those launches that were postponed from last year,” said Ingosstrakh Vice-President Alexander Podchufarov. - We do not have any information on the rest of the starts, Roskosmos does not inform about its plans. Roscosmos is a state corporation for the [...]
Maersk began to use the blockchain for insurance
The Danish shipping company Maersk, the world's largest container carrier, officially began using the Insurwave blockchain platform for insurance in the field of maritime transport, writes the online magazine ForkLog. It is assumed that in the first year Maersk will insure with the help of the platform a thousand sea vessels, while performing more than 500 thousand digital transactions. Maersk - the world's largest container carrier The Insurwave platform, developed jointly by consulting firm EY and Guardtime, uses Microsoft Azure cloud technology. Maersk Head of Risk and Insurance, Lars Henneberg, said that switching to the Microsoft Azure platform will help [...]