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Insurance costs, so they end up paying for the losses with taxpayers money. Mongolian insurance company and insurance market Currently, the total capital of Mongolias insurance market is only billion MNT (fee income billion MNT), which is less than the budget for combating congestion in the capital Ulaanbaatar in . Even so, the main task of making the public understand the importance of insurance is on the shoulders of insurance companies. I talked with O. Erdenebulgan, CEO of Mongolian Insurance JSC, which is the oldest of insurance companies operating in Mongolia, with a history of years, about insurance, as well as the companys present and future.
He said, The development of peoples sense of responsibility usa b2c email list and ability to take responsibility is the basic condition for the development of the insurance market. Therefore, the fee of the responsible person should be reduced, he emphasized at the beginning of his speech. Most of the human resources in todays insurance industry have passed through Mongolian insurance companies and are mostly employed at the management level. On the one hand, this is due to the fact that higher education in the insurance profession was not offered. There are many players in the market and the competition is intensifying, but for this company, it is focused on the quality of its products and services rather than the market share.
Mongolian Insurance JSC offers the largest number of types of insurance products. In doing so, it operates through the largest insurance service network in the country, which consists of branches and more than representatives. Thats why director O. Erdenebulgan said that he intends to work more responsibly in making the society aware of the importance of insurance. One of the main features of Mongolian Insurance Co., Ltd. is that it focuses on segments that other companies cannot reach. For example, it has been providing indexed livestock insurance through its local network. It has also created many commercial insurance products with.
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