Azerbaijan, Baku, 6 March / Trend corr. U.Ismayilova / The State Insurance Supervision at the Finance Ministry of Azerbaijan is becoming familiar with the international experience on introducing of actuarial, the Ministry reported on 6 Mach.
Tofik Mamtiyev, the representative of Insurance Supervision department, who is also a member of Azerbaijani Actuary Association, and range of other representatives of insurance companies took part in two international workshops in Ukraine and Kazakhstan.
On 25 may, Azerbaijani Actuary Association received state registration at the Justice Ministry. The first meeting of the organization was held in July 2007. The organization has five members.
The agenda of the workshop held in Kiev from 21 to 24 January was the principles and practice of actuary. The report developed by the professional re-insurance company Munich Re on life-insurance, development of insurance products and assessment of incomes was read out.
The agenda of the workshop in Alma-Ata from 18 to 23 February included the topic 'Price setting and products of common insurance: international experience'. The reports developed by actuary specialists from the United States, Belgium, Poland and Russia on the topic 'Modern approach to actuary accounts' was read out.
Actuary is specialist-mathematician who assesses insurance tariffs and safety of insurers- on the ground of statistic information and mathematic methods.
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