BAKU, Azerbaijan, July 20. The Central Bank of
Azerbaijan (CBA) is establishing a strategic partnership with the
United Kingdom's Chartered Insurance Institute (CII), the CBA
said.
According to the CBA, the initiative is part of its ongoing
efforts to strengthen human capital in the country's financial
sector.
A delegation led by Vusal Gurbanov, director general of the
Central Bank of Azerbaijan, met with Matthew Hill, chief executive
officer of the Chartered Insurance Institute, to discuss
cooperation.
During the meeting, the two sides explored prospects for
supporting the development of human capital in Azerbaijan's
insurance sector and for positioning the country as a regional
education and training hub for insurance in line with international
standards.
As part of the cooperation, the parties reached a preliminary
agreement to introduce an internationally recognized training
program in Azerbaijan with the participation of the institute's
professors and experts.
Under the program, professionals working in the insurance and
financial sectors, as well as individuals seeking careers in those
fields, will have access to professional education in insurance and
risk management offered by the globally recognized institute.
The program is expected to help prepare specialists with skills
that meet the evolving needs of Azerbaijan's labor market and
financial sector.
