The World Bank will help make insurance massive institution of civil society.
As part of its technical assistance project "Consumer protection and financial literacy", funded by the Swiss State Secretariat for Economic Affairs (SECO), Azerbaijan can face a precedent of the insurance ombudsman.
The final statements are still far ahead, but the Public Service of Insurance Supervision Ministry of Finance study the experience of the advanced countries in the creation of the Institute of the Insurance Ombudsman, the head of this structure Namik Khalilov told Turan.
According to him, today they receive a lot of complaints of citizens about the insurance companies (especially for compulsory items), and the only way to resolve the conflicts is the court. Creating a service of human rights protection will relieve the courts, and at the same time give the industry in the hands of financiers, not lawyers.
In the last year (based on the proceedings of 2011, excluding litigation) the office ordered insurance companies to return the citizens more than 200 thousand manats on claims. -17D -
Economics
-
The 29th Conference of the Parties (COP29) to the United Nations Framework Convention on Climate Change has taken a significant step towards a unified global response to climate change. On the first day of discussions in Baku, participating countries reached a historic agreement on the rules governing the creation and trade of carbon credits. This decision paves the way for the launch of multibillion-dollar carbon credit markets, to be overseen by the United Nations, potentially as soon as next year.
-
The State Oil Company of Azerbaijan (SOCAR), Albania’s Ministry of Infrastructure and Energy, and Albanian gas company Albgaz signed a memorandum of understanding (MoU) on Sunday in Baku during the 29th session of the UN Climate Change Conference (COP 29).
-
The Green Energy Corridor project, aimed at delivering green energy from Azerbaijan through Georgia and the Black Sea to Romania, Hungary, and Bulgaria, has entered the investment assessment phase, according to Georgian Deputy Prime Minister and Minister of Economy and Sustainable Development, Levan Davitashvili.
-
Azerbaijan’s state oil company SOCAR and Italy’s Italgas signed a cooperation agreement on Sunday during the 29th session of the United Nations Framework Convention on Climate Change (COP29), aimed at accelerating the energy transition.
Leave a review