Bank Of Baku

Kamal Ibrahimov: Investment instruments are not enough for insurers in Azerbaijan

Kamal Ibrahimov: Investment instruments are not enough for insurers in Azerbaijan
# 24 September 2008 14:16 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. There are limitd investment instruments for insurers in Azerbaijan, said Kamal Ibrahimov, Chairman of Azerbaijan Insurers’ Association.
“True, there are some financial instruments to invest in but it is not enough,” he added.
According to him, insurance companies’ investment operations are limited to bank deposits, T-bills and investment in property.
39.4% or AZN 88 million (in the first half-year) of assets owned by insurers were held as bank deposits.
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