"Your Insurance Broker" returned to market
The Central Bank of Azerbaijan has restored in force the licences issued to 6 physical and 1 legal entities (insurance broker "Your Insurance Broker"). This is reported on the website of the regulator.
The report says that the decision was adopted on 27 May, in accordance with the Law "On Insurance Activities". The reason is that the insurance brokers remove circumstances that give grounds for suspension of the licence.
Note that "Your Insurance Broker" was suspended from the market in April.
Finance
-
The Central Bank of Azerbaijan (CBA) has issued a perpetual licence for the right to carry out activities of electronic money organisation to "PashaPay" company, which is the owner of "Milliön" payment terminals and M10 e-money container.
-
"Qala Sigorta" will compulsorily insure civil liability of owners of motor vehicles of the Agency for Export and Investment Promotion ("AZPROMO") under the Ministry of Economy.
-
The company “Xalq Sığorta” violates the requirements of the legislation on the disclosure of annual financial (audit) statements. According to the Law “On Insurance Activities”, the financial statements for 2023 were to be posted on the "Xalq Sığorta" website no later than the end of June.
-
Deputy Chairman of the Central Bank of Azerbaijan Aliyar Mammadyarov took part in discussions titled “Green economy as an alternative to economic development” in Dushanbe. This is reported by the CBA.
Leave a review