BAKU, Azerbaijan, April 20. The insurance
license of “AtaSıgorta” Open Joint Stock Company has been revoked
in a regulatory decision announced this week, Trend reports, citing the
Central Bank of the Republic of Azerbaijan (CBA).
The CBA stated that the move was made by its Board on April 17,
2026, following a voluntary request from the company and in line
with Article 107.1.1 of the Law on Insurance Activity. The revoked
license, originally issued on November 10, 2009, under number
000300, had authorized the company’s insurance operations.
Authorities stressed that the decision is not expected to affect
the broader insurance sector.
“The revocation of the company’s license does not pose any
threat to the financial stability or resilience of the insurance
sector,” the CBA noted, adding that the liquidation process will be
overseen within the framework of national legislation.
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