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Fidan SÄ±gorta company plans to resume activity in the next 6 months

Fidan SÄ±gorta company plans to resume activity in the next 6 months

26 August 2011 08:07 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. Fidan SÄ±gorta Company, which license is suspended for six months by the Finance Ministry, plans to resume work in the next 6 months, senior specialist of the company Ali Veliyev said.

â€œDuring this period, the Board of Directors and management of the Company will take steps to resolve the problems. We believe that, this problem will be solved until February of next yearâ€, he said.

Remind that, the State Service for Insurance Supervision of the Ministry of Finance of Azerbaijan has suspended the license of Fidan SÄ±gorta insurance company. This decision has been made in connection with default notices on the company to ensure existing standards for financial stability and solvency of the insurer.

Note that, Fidan Sigorta company has been in operation since 1994. The company operates on 15 voluntary and 4 compulsory insurance types.

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