Bank Of Baku

Azerbaijan to establish Insurance Ombudsman

Azerbaijan to establish Insurance Ombudsman
# 07 October 2010 08:31 (UTC +04:00)
Ministry of Finance says that this was planned in mid-term priorities (2011-14) of socio-economic development of the country. Establishment of Insurance Ombudsman means to protect the profits of individual insurers.

Totally, it is planned several measures for development of insurance market, including attracting foreign insurance mediators to our country with the way of application and agitation agent-broker operations in insurance market, development of changing system of population’s deposit to long-term investments using the insurance mechanisms in the mid-term perspective.
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THE OPERATION IS BEING PERFORMED