As the governor of the central bank which is also responsible for supervision of the insurance industry, an authority within the remit of only a small number of central banks, I can conclude that in the previous decade we fulfilled our legal mandate and the goals entrusted to us under the legislation.
We were fully committed to protecting the rights and interest of insured persons and other insurance beneficiaries – households and corporates alike. In so doing, we assessed the legal compliance of the performance of insurance activity, sound governance in insurance undertakings and risk management rules, and the implementation of insurance and actuarial rules, as well as good business practices and business ethics.