Bank Of Baku

MP Vahid Aliyev: “Azerbaijan lags behind from foreign countries in insurance sphere30 times”

MP Vahid Aliyev: “Azerbaijan lags behind from foreign countries in insurance sphere30 times”
# 08 June 2011 13:01 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Development level of insurance sector in Azerbaijan estranges 25-30 times compared to foreign countries, MP Vahid Aliyev said.

To him, Azerbaijan can not develop its insurance market at the expected level. One of the existing problems in the insurance market is the relations between the insurer and the insured person occurred during insurance event.

As main problem in insurance sphere, MP noted showing of insurance payment very low as a result of the assessment of insurance event by the insurance companies.
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