BAKU, Azerbaijan, December 26. Azerbaijan’s
insurance sector continues to expand, with total insurance premiums
collected by the country’s 16 insurance companies reaching 1.5
billion manat ($88 million) last year, said Vusal Gurbanov, Chief
Director of the Central Bank of Azerbaijan (CBA), Trend reports.
Speaking during the presentation of the "InsurTech" teaching
material, a project jointly prepared by the Center for Analysis of
Economic Reforms and Communication (CAERC), the State Academy of
Public Administration under the President of the Republic of
Azerbaijan, and the Azerbaijan Insurers Association, Gurbanov noted
that payments made by these companies amounted to 920 million manat
($541.1 million).
Will be updated
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