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Insurance for Central Asia

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Scope and Mission of the Program

The SABIT Insurance for Central Asia Program is designed to train 18 mid- to senior-level executives from the insurance industry of five Central Asian Republics (Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan). These delegates, screened and selected by the U.S. Department of Commerce, represent the senior managers and directors of insurance companies and regulatory agencies in Central Asia. Insurance in Central Asia is a growing market segment that stands to benefit greatly from technical assistance training. This program will introduce participants to the structure and regulation of the U.S. insurance market, and expose them to the latest technologies and management tools utilized by American insurance companies and regulatory agencies.

 

Program Objectives

This SABIT Group Program will create a forum for the top managers and leaders of the insurance industry in Central Asia to interact with their counterparts in the United States. The main objectives of the program are to provide a solid foundation of understanding in the principles of insurance, and to facilitate technical assistance and encourage discussion on the management of insurance companies (particular attention will be paid to operational and financial considerations).

 

Benefits of Participation

This is a unique opportunity for U.S. companies to provide industry insight and training, while showcasing their products and services to potential partners and customers from Central Asia. By hosting this SABIT group, U.S. companies will build relationships with leading decision-makers in the insurance industry in Central Asia. Through these valuable contacts host companies can explore commercial opportunities and partnerships in the region. For examples of host companies taking advantage of contacts made during a SABIT visit, click here.

 

Program Structure

The program will begin April 23rd in Washington, D.C. with orientation sessions and visits to relevant government agencies and trade associations in the National Capital Area. In addition, the delegation will be trained in business planning and cross-cultural communication. During the remaining three weeks, the delegation will travel to select regions and cities across the United States to meet with leading financial services companies, state insurance commissions, and other industry organizations and experts.

 

Host This Delegation

SABIT is currently looking for U.S. host companies and organizations to provide training for a few hours or a full day at their facilities. Training will be focused on, but not limited to, the following topics that represent current challenges to the Central Asian insurance industry:

dashed bullet Regulatory Structures

dashed bullet Risk Management and Reinsurance

dashed bullet Underwriting Guidelines

dashed bullet Claims, Fraud Detection and Prevention

dashed bullet Agents, Adjustors and Investigators

dashed bullet Diversified Activities of Insurance Companies

dashed bullet Insurance and the Legal System

 

Be sure to download the detailed list of topics that identify the delegates' training needs and interests.

 

Cost of Participation

SABIT will cover the majority of program costs for all delegates, including round-trip airfare to the United States, all U.S. domestic air travel, housing, insurance, per diem for meals and incidentals, and interpreters to travel with the group. In turn, U.S. host companies and organizations are asked to provide industry expertise in any topics pertaining to this particular program.

 

For More Information

To learn how to participate in this program as a host company, please contact SABIT Marketing Coordinator Patrick Brennan.
Phone: 202-482-2077
Fax: 202-482-2443

SABIT Program

 

Acrobat Symbol Program Flyer
A one-page executive summary of the program
Download
 
Acrobat Symbol Program Topics
A list of topics of interest to the delegation that companies may decide to cover during a visit
Download
 
Acrobat Symbol Delegate List
A list of the participants, their companies, and where they are from
Download
 
Acrobat Symbol Delegate Biographies

A detailed professional overview of each member of this delegation and what they are interested in learning during their SABIT experience
Download

 
Acrobat Symbol Sample Agenda
A fictional sample of a typical one-day site visit
Download
 
Program FAQ

Frequently asked questions about hosting a SABIT delegation

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