The list of foreign insurance, reinsurance and brokerage companies has once again added a few Asian players in this segment.
According to the official website of the State Service for Insurance Supervision, at the end of the last quarter of the registry of foreign reinsurance companies included one insurance company.
In particular, the decision of the management service in the list included "Korean Reinsurance Company" (South Korea). Thus, the number of reinsurance companies with foreign capital to 39 units.
The total number of insurance companies included in the register is kept at the level of 91.
The number of foreign players in the local brokerage segment increased to 63 by the brokerage firm "Komill Global NR Service Co." (South Korea).
According to the law "On insurance activity" in the register of foreign insurance, reinsurance and brokerage companies to be included in the structure rated by which Azerbaijani insurers advisable to conduct insurance and reinsurance operations.
According to the same law, the registry must be updated promptly, so that the company can begin on time to participate in the financial market of Azerbaijan.
The registry of the State Insurance Supervision Service was established under the law "On insurance activity". - 17D-
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