The Conference on Resilient Financial System Against Catastrophic Risks is being held in Baku, Azerbaijan, APA-Economics reports.
At the conference held with the organization of the Central Bank of the Republic of Azerbaijan and Compulsory Insurance Bureau, as well as with the support of the Turkish technological company T-RUPT, Azerbaijan University of Architecture and Construction, Sakarya University, Republican Seismic Survey Center of the Azerbaijan National Academy of Sciences, issues on the seismotechnical structure of Azerbaijan and surrounding regions, earthquake activity, building types constructed in the country and their resistance to earthquakes will be discussed. The conference participants will also exchange views on practices in the direction of transferring risks to insurance companies in a rational framework.
The Conference will also feature exchange of experience about topics on financial impacts of catastrophic risks and prediction of these impacts.Within the framework of the Conference, presentations will be held and proposals will be made regarding reinsurance modeling and implementation issues for the insurance sector for earthquakes and other natural disasters.
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