Bank Of Baku

Requests on minimum of Azerbaijan-based insurers’ capital softened

Requests on minimum of Azerbaijan-based insurers’ capital softened
# 10 December 2010 07:47 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. A decision on determining of minimum sum of requested capital of Azerbaijan-based insurance and reinsurance companies was adopted at the Board Meeting of Finance Ministry
According to decision, the minimum sum of requested capital of Azerbaijan-based insurers and reinsurers was determined as follows:


Effective dates of providence request of minimum sum of requested capital

Minimum sum of requested capital for insurers

Minimum sum of requested capital for reinsurers

01.01.2011

3 mln. manat

6 mln. manat

01.01.2012

4 mln. manat

8 mln. manat

01.01.2013

5 mln. manat

10 mln. manat



The influence of world financial crisis on financial situation of insurers and reinsurers, including on development dynamics of insurance markets of the country were analyzed during the adoption of decision.
1 2 3 4 5 İDMAN XƏBƏR
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