CBA: Insurance is a strategic mechanism that ensures social well-being and confidence in future

12:03 - 28.10.2025


October 28, Fineko/abc.az. The successful steps taken by President Ilham Aliyev to strengthen strategic and economic cooperation between the Turkic states have created great opportunities for joint and mutual activities of the Turkic states both in various fields and in the insurance sector.

ABC.AZ reports that Central Bank of Azerbaijan’s general director Vusal Gurbanov made this statement during his speech at Insurtech 2025 - the Turkic World Summit, held in Baku.

He noted that the initiatives put forward by the leaders of the Turkic states in this direction are very significant: "The summit we are attending today is a prime example of cooperation between the Turkic states, as well as creation of joint innovative and digital platforms. In today's world, insurance is not only an important aspect of financial stability, but also a strategic mechanism that ensures the social well-being of society and confidence in the future."

By Elmir Murad