Impediment in Azerbaijani Insurers Association Results from Administrative Issues: Executive Director
Azerbaijan, Baku, 3 April / corr Trend U.Ismayilova / The Azerbaijan Association of Insurance Companies fully supports the opinions of insurance companies on the impediments in their activities, Gafar Mejidov, the Director of the Association, said on 3 April.
"Temporary passivity in the Association's activities is linked with the housing and administrative issues, which delayed considerably in their solution," Mejidov said.
Nofel Rzayev, the General Director of Pasa Sigorta, one of the big insurance companies in Azerbaijan, said on 3 April that low organization level of insurers characterized the Association, which for over a year did not carried out any consultative, enlightenment and mediation work.
Mejidov said that he has recently taken up the post of Executive Director of the Association, and at present is involved in study of the scheduled work. He has occupied this position since February, replacing Hidayat Abdullayev.
According to Mejidov, the Association is working on the organization of an international conference in Baku. The date of the conference originally scheduled in May will be changed. "The Association will continue work for the establishment of insurers' school, and application for the teachers has also been announced," he said.
The Azerbaijan Association of Insurance Companies was established in June 2007. Its Supervisor Board includes 5 insurance companies (MBASK, Standard Insurance, International Insurance Company and, Azersigorta, Ateshgah).
There are 28 insurance and re-insurance companies in the insurance market of Azerbaijan.
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