CAATS – Central Asian Advanced Transport System

On April 17, 2024, a meeting was held between the CEO of Mosaic Insurance Group, Oybek N. Khalilov, and the Boston University Global Development Policy Center, Ying Qian. The key point of the meeting was on the prospects for creating a working group on insurance within the framework of the unified transport system of Central Asia (CAATS – Central Asian Advanced Transport System).
At the meeting, issues of the development and development of insurance products aimed at ensuring the safety and protection of interests in the field of cargo transportation and the liability of customs brokers were discussed. Currently, TIR coverage is applied, but coverage for road transport and supplies is limited, which becomes an ineffective approach for multimodal transport transport. This means that goods transported on multimodal transport routes remain unprotected or have insufficient insurance coverage.
The creation of a working group on insurance within the framework of CAATS could be an important step in ensuring the safety and protecting the interests of all participants in the transport process in Central Asia. It also opens up new opportunities for developing cooperation between insurance companies and institutions in relation to developing development policies and supporting regional and trade initiatives.
Discussion of these issues supports a lower level of cooperation between private sectors of the economy to develop effective and sustainable insurance models, ways to ensure the safety and reliability of transactions in Central Asia.