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The insurance companies. It is estimated that Mongolians spend one trillion MNT a year just for compensatio Mongolian Insurance JSC is working to eliminate this situatio Because the health of Mongolians and the lives of Mongolians are the most important to us. O. Erdenebulgan said that there are many obstacles to achieving this big goal. The most complicated thing here is the common misconception that Insurance is just taking money from people and not giving anything back.
Insurance is a sharing of risk, not a system that relieves usa b2c email list people of liability. Therefore, the money of the insurance fund is not the money of the insurance company, but the money of the policyholders. Internationally, insurance is considered an expense that should not be spared, because insurance is the main weapon that protects individuals, organizations, and countries from unforeseen and unexpected risks. That is why foreign-invested companies operating in Mongolia must be insured before starting operations, which sets a good example for other market participants. Most international liability insurances are mandatory, but in Mongolia only one driver is insured.
But it not only eliminated the disputes between drivers and the traffic police, prevented many fathers and sons from getting into trouble, brought the assessment and compensation process to a new level, and increased the insurance coverage from . percent to . percent. This shows how a single decision made in this sector can bring about a big change in society and economy. Another trend emerging in the direction of knowledge is that the insurance business model is changing along with the changes in peoples lifestyles. In the modern world, it is more important for people to live healthily, peacefully and without harm to nature than to live richly. As the number of people living with this concept of sustainable development increases, and the rapid development of technology, the insurance business is also changing with it.
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