The story
The organization was established in August 1992 in order to carry out its insurance and reinsurance activities on the basis of license No. 1-5-33-1, issued by the Ministry of Finance of Turkmenistan. The main goal of the organization is to strengthen the financial position of Turkmenistan and fully meet the needs of the population and enterprises of the country in insurance services at the world level and on the most favorable conditions for customers.
From Wikipedia’s article on The State Insurance Organization of Turkmenistan, shared under CC BY-SA 4.0.3