CBA has developed new rules for corporate governance standards in insurance companies

15:07 - 22.01.2025


January 22, Fineko/abc.az. The Central Bank of Azerbaijan (CBA) has prepared new rules for introduction of corporate governance standards in insurance companies, ABC.AZ reports, quoting CBA chairman Taleh Kazimov as saying this at a press conference on the parameters of the interest rate corridor.

"In 2024, we focused on corporate standards, mainly for banks. At that, last year we put forward requirements for the application of corporate governance standards in insurance companies. The new rules are currently being finalized. These rules will require reporting from insurance companies. Presumably, within a month or two, we will put this requirement before the insurers," Kazimov emphasized.