Certain work underway in insurance sector to ensure sustainable financing

11:36 - 20.06.2024

June 20, Fineko/abc.az. In connection with insurance, a number of important works are being carried out to facilitate the work of insurers, Central Bank’s chairman Taleh Kazimov said at the international insurance forum in Baku.

ABC.AZ reports that he noted that currently development of the insurance market is one of the main strategies of the Central Bank, and in this regard there are a range of initiatives.

"Among the initiatives, one of the key areas is the activity of digital solutions. The roadmap was developed by the CBA to introduce sustainable financing. The Central Bank is also exchanging experience with international financial institutions to ensure sustainable financial stability in the insurance sector," Kazimov said.

By Elmir Murad