Azerbaijan, Baku, Sept.25. / Trend N. Ismayilova /
The Azerbaijani Association of Professional Risk Managers establishes contacts with the international institutions to conduct trainings on risk management for local insurance companies, founder and head of the association, Rufat Mahmud, said.
"The Azerbaijani insurance companies have a very keen interest in the field of improving risk management. However, the Global Association of Risk Professionals (GARP) is not specialized in conducting trainings for insurance companies, so now we are forging links with other international institutions," Mahmoud said.
The International Finance Corporation (IFC) holds technical support for the association.
The Association was registered in mid-May and currently institutional establishment of association is under way. The formation of the association will affect the reduction of risks in the country's financial sector. The Association has already started cooperation with the Azerbaijani Central Bank and the GARP.
Do you have any feedback? Contact our journalist at: [email protected]