Expert comment about current situation at insurance sector


June 21, Fineko/abc.az. The situation in the insurance sector of Azerbaijan as a whole is still normal, ABC.AZ reports citing insurance expert Ilkin Ibragimov, when commenting on the financial situation in the domestic insurance sector.

He noted that under the post-pandemic conditions the insurance sector is developing normally.

"The overall growth of the insurance sector is expected by the end of the year. At that, starting next year, the Ministry of Labor & Social Protection will be responsible for mandatory personal insurance. This will lead to the fact that the insurance sector will transfer 35-40 million insurance premiums from the market to another place," the expert emphasized.