BAKU, Azerbaijan, February 10. Azerbaijan’s
insurance sector is set to roll out new applications in the coming
period as authorities pursue innovation and reforms aimed at
boosting customer satisfaction, said Vusal Masiyev, executive
director of the Compulsory Insurance Bureau (CIB), Trend reports.
Speaking during the presentation of the bureau’s report on
strategic projects implemented in 2025, Masiyev said Azerbaijan’s
compulsory insurance market holds significant untapped potential
and that steps to realize it are being carried out steadily.
“The main objective of the ISB is to ensure the stability of the
compulsory insurance system and to protect the interests of insured
persons and third parties,” he said.
Masiyev added that recent years have seen technical and
institutional reforms across the sector, alongside efforts to
strengthen professional capacity and raise public awareness about
insurance, measures officials say are intended to modernize the
system and improve trust among policyholders.
