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ASA chair confirms difficulties at Standard Insurance – Statement

16.03.2020,11:41


March 16, Fineko/abc.az. There are problems at Standard Insurance, and I agree with this opinion.

The above-said statement was made to news website ABC.AZ by Azer Aliyev, the chairman of the Azerbaijan Insurers Association (ASA), when commenting on the recent increase in the number of complaints against companies.

The ASA chair also noted that, despite some difficulties, Standard Insurance has introduced positive innovations lately.

According to Aliyev, after changes in the SI’s management, additional investments have been made in the Company: "According to my information, the founders also changed their policy recently and made additional investments at the end of last year. The new management has also developed a new strategy for SI. Perhaps, starting from this year, the situation in Standard Insurance will improve slightly. But it all depends on them. I just share with you the information I’ve heard and my observations."

By Elmir Murad