Mandatory compliance with fire insurance

On January 31, 2021, the PriSEC Financial Sector Development Working Group held its technical meeting in Golkhana palace, Office of the First Vice President of Islamic Republic of Afghanistan.


The draft fire insurance procedure in the health, telecommunications and finance sectors has been prepared by the General Directorate of Insurance and Takaful of the Ministry of Finance. The General Directorate of Insurance and Takaful presented their plan, then government departments and the private sector shared their technical views.


At this meeting, it was decided that the recommendation of the members of meeting, which were acceptable to all, be included in the procedure, and the final version of this procedure and plan will be shared with all members through the esteemed General Directorate of Insurance and Takaful.


If representatives of production and import of medicine sector do not agree with the current plan and procedure of fire insurance, they would propose an alternative plan and present it in the next meeting. Otherwise, the plan prepared by the General Directorate of Insurance and Takaful can be implemented after approval.


In this meeting, esteemed representatives from the Ministry of Finance, Afghanistan International Chamber of Commerce, Afghanistan Private Hospitals Association, Pharmaceutical Industry Union, Private Sector Regulation and Coordination, Ministry of Public Health, Afghanistan Chamber of Industries and Mines, ATRA, Capital Star, Afghan National Insurance, Sadra Insurance, Sky International Insurance, Women Chamber of Commerce and Industries, the First Vice President and PriSEC Committee had participated.

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