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Azerbaijan attends seminar on reinsurance

Business Materials 8 September 2009 20:11 (UTC +04:00)

Azerbaijan, Baku, September 8 / Trend , U. Ismayilova /

Delegation of the State Insurance Supervision Service under the Ministry of Finance of Azerbaijan participated in the seminar, held in Basel (Switzerland) on the topic of reinsurance and other risk transfer mechanisms, the Service said on September 8.

Workshop was organized by the Swiss Institute for Financial Stability.

The main topics of discussion at the seminar were monitoring reinsurance operations of insurers, financial stability and transparency of the reinsurance, securities, insurance-related oversight issues in connection with the transfer of assets in securities, risk management, reinsurance, risk control model, re-insurance in times of crisis.

Attention was also paid to issues related to the implementation of international standards for reinsurance, last revised report on the global reinsurance market.
One of the main issues of the seminar was to find solutions for the financial crisis.

Azerbaijan was represented at the seminar by acting Head of the State Insurance Supervision Service Namig Khalilov.

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