ASA chair: 2 insurers may close by end of 2020


September 14, Fineko/abc.az. There are two companies operating with poor quality on the insurance market of Azerbaijan.

ABC.AZ reports that the above-said statement was made today by Azer Aliyev, the chairman of the Supervisory Board of the Azerbaijan Insurers Association, at the presentation of the new ASA concept.

He also spoke about insurance companies that may be closed before the end of the year: "In addition, we have separate information about insurers that may be closed. But I believe that the Central Bank has more accurate information about this, so I believe the CBA will no longer tolerate low-quality companies. This will force insurers to either actively work or close them."