Bank Of Baku

«ING Holding» shows interest in Azerbaijan’s insurance market

«ING Holding» shows interest in Azerbaijan’s insurance market
# 08 July 2011 08:29 (UTC +04:00)
Baku. Elnur Huseynguluyev - APA-Economics. “ING Emeklilik” company of ING Holding functioning in Turkey considers Azerbaijan very attractive country from investment allocation viewpoint, Jetse de Vries, CEO of ING Emeklilik said at the II Azerbaijan International Insurance Forum held in Baku on July 7-8.

To him, though life insurance’s share is low in GDP in Azerbaijan, this market has a big potential: “We show interest in Azerbaijan’s market mainly from viewpoint of life insurance and establishment of private pension funds. Thereafter, we are intending to cooperate with brokerage companies in Azerbaijan”.

Jetse de Vries says number of brokerage companies is not so much in Azerbaijan: “Number of brokerage companies and agents must increase for development of insurance market in the country”.
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