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“IShONCh” (Uzbekistan) has introduced insurance product “complex hypothec insurance”

April 5th, 2008

In view of maintenance of reflexivity guarantee for the preferential long-term credits, involved for hypothec crediting development, Interbank insurance company “IShONCh” has introduced new insurance product “complex hypothec insurance”.
For last years in the market of hypothec insurance faced essential changes. So, banks put into operation with insurance companies in order to estimate risks quickly, qualitatively more actively, having satisfied requirements of bank, and its client; the insurance companies should be able estimate risks of the concrete insurant quickly. Thus the insurance company should remember, that the taken responsibility should be obtained, obligations at approach of insurance case should be carried out.
Recently speed of risks estimation of the bank-borrower and of insurance policy registration became not that that competitive advantage, but simply vital necessity. The hypothec market develops; the level of banks and the insurance companies grows.

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