CBA not concerned about reduction in number of participants in compulsory motor insurance market

Although for the last 2 years in Azerbaijan 4 insurance companies (‘Azsigorta’, ‘İpək Yolu Insurance’, ‘A-Qrup Insurance’ and ‘Bakı Insurance’) voluntarily left the market of compulsory insurance of civil liability of owners of motor vehicles, the Central Bank of Azerbaijan (CBA) is not worried about it. Director General of the organisation Shahin Mahmudzadeh stated this at a press conference at...

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Finance

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