The first foreign broker to enter the insurance market of Azerbaijan after a five-year break
The first foreign broker to enter the insurance market of Azerbaijan after a five-year break
The Central Bank of Azerbaijan (CBA) has included Magnus Insurance Broker LLC, a subsidiary of the Georgian insurance company Magnus, in its official register. This event marks the first appearance of a foreign broker in the insurance market of Azerbaijan in the last five years, bringing the total number of foreign brokers in the CBA register to 86.
Magnus, based in Georgia, started its operations in 2016, focusing on providing a variety of insurance and reinsurance products. Positioned as a key advantage, the company prides itself on its ability to seamlessly provide a wide range of insurance services through a single platform.
Ramin Gurbanov, who holds the position of director and partner, has been identified as a key figure in the activities of insurance broker Magnus Insurance Broker Magnus LLC, according to the Statistical Business Register of the National Statistical Service of Georgia. However, the company's website lacks detailed information about him and other executives and employees.
Surprisingly, information about Magnus insurance broker Magnus LLC is still missing from the coverage of the Georgian press. This intriguing omission adds an element of mystery to the activities of a foreign organization, leaving its activities and presence largely unexplored.
-
- Economics
- 5 February 2024 17:53
-
- Difficult question
- 5 February 2024 18:05
Economics
-
Azerbaijan and Israel have agreed to establish a working group on the development of cooperation in the field of transport, Minister of Digital Development and Transport Rashad Nabiyev said on Friday on the social network "X".
-
Discussions on "green energy" were held on November 22 in Istanbul, during the energy forum, involving Turkey's Minister of Energy and Natural Resources Alparslan Bayraktar, Georgia's First Deputy Prime Minister and Minister of Economy and Sustainable Development Levan Davitashvili, Bulgaria's Minister of Energy Rumen Radev, and Azerbaijan's Minister of Energy Parviz Shahbazov.
-
A meeting between Azerbaijan's Minister of Energy Parviz Shahbazov, Turkey's Minister of Energy and Natural Resources Alparslan Bayraktar, and Bulgaria's Minister of Energy Vladimir Malinov took place on November 22 in Istanbul, within the framework of the international energy forum, according to Azerbaijan's Ministry of Energy.
-
Consumer prices in Azerbaijan surged significantly in October 2024, underscoring the impact of both local and global inflationary pressures. According to the State Statistics Committee, the Consumer Price Index (CPI) for October 2024 reached 103.4% compared to the same month last year. Key categories contributing to the rise include food, beverages, and tobacco, which increased by 2.6%, non-food items by 2.1%, and paid services by a substantial 5.8%.
Leave a review