Azerbaijani insurance sector assets exceed AZN 1.1 bn

12:14 - 20.06.2018


June 20, Fineko/abc.az. Azerbaijan has set goals to increase the share of insurance in the financial sector and non-oil GDP.

Ibrahim Alyshov, executive director of the Financial Market Supervision Chamber of Azerbaijan, has stated at the 6th Insurance Conference that domestic insurance sector assets amount to AZN 1.114 bn.

"The share of insurance in the financial sector makes up 2% and in the non–oil GDP - 0.8%. By 2020, these figures will be increased up to 8% and 1.4%, respectively. 1,600 new jobs will be created in the insurance sector," Alyshov said.

 

 

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