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ASA chair: Potential in insurance sector is great that can’t be said about results

11.03.2020,11:27


March 11, Fineko/abc.az. If to compare 2019 with 2018, we’ll see that premiums in the insurance sector have decreased, said Azer Aliyev, the chairman of the Association of Insurers of Azerbaijan (ASA), said in an interview for news website ABC.AZ.

"I can't say exactly in percentage, but you can check the numbers and determine how much there was a decline," ASA chairman said.

Referring to the situation in the insurance market, Aliyev said that despite the great potential, the results show the opposite: "Premiums observed fall for 2019. On the other hand, we have a very large potential. If we take the outlined measures, I think that in 1-1/5 years we’ll be able to achieve the desired figures."

By Elmir Murad