Specialists attending a council of the Chechen Insurance Company said that creation of the National Insurance Company would boost tax potential and create 125 jobs, Yuga.ru reports.
Chechen Deputy Minister for Finances Abubakar Addayev said that the company should met the needs of the modern market and offer services to legal bodies and individuals.
Chechen leader Ramzan Kadyrov ordered the creation of the company in early October 2013.
