Foreign insurer entered Azerbaijani market first time in 5 years

16:42 - 5.02.2024

February 5, Fineko/ An insurance company of Georgia has entered the Azerbaijani market.

ABC.AZ reports with reference to the Central Bank that Maqnus Sığorta Brokeri LLC, a local subsidiary of Georgian insurance company Maqnus, is included in the register.

Thus, a foreign broker entered the insurance market of Azerbaijan after a 5-year break. The last time Austrian company GrECo JLT Specialty GmbH was included in the register of insurance brokers was in 2019.