20 years is a significant milestone for any organisation. Over the past years, the Fund has done a great deal of work, gained invaluable experience, created and developed a friendly team, provided reliable protection for insurance companies clients and guaranteed their insurance benefits in all mandatory and social insurance classes.
Today, Joint Stock Company "Insurance Payment Guarantee Fund" is a guarantee of safety and efficiency of distribution of funds from reserve funds intended for guaranteed insurance payments. Increasing the confidence of Kazakh citizens in insurance is the main task of the Fund. For 20 years the Fund has been actively participating in the formation and development of the insurance market of Kazakhstan, thanks to which the accessibility of insurance services and the insurance literacy of the population are increasing. For 20 years of work, the system of guaranteeing insurance payments has proven its efficiency: the Fund has already paid out 1.13 billion KZT to insured persons. By 1 August this year, the Fund had accumulated substantial reserves for guaranteed payments, totalling 12.84 billion tenge. This is certainly the result of a qualified and consistent policy.
I am confident that the professional approach to business, excellent knowledge of the market and well-functioning organisation of work will continue to contribute to the successful development of the IPGF and will help to achieve all the goals set on the way to the next anniversary.
I congratulate our partners ARDFM, AFC, IFIGS, ASC and the shareholders of the Fund and express my sincere thanks for the fruitful cooperation! I wish the Fund further prosperity, successful implementation of all planned projects, success and good luck in all endeavours!
Bakyt Kogulov, Chairman of the Board of Directors