Azerbaijan, Baku, June 7 / Trend U.Ismayilova /
The Azerbaijani Insurers Association jointly with the Finance Ministry of plans to hold the Olympics for knowledge in the insurance business for local insurers in July, Association Executive Director Gafar Majidov said today.
"Basically, young insurers will be invited to participate in the competition," Majidov said.
He said the sides currently develop a concept of competitions planned for young insurers.
The Azerbaijani Insurers Association was established in December 2006. The Association is composed of all insurers operating in the country. The supervisory board of the organization is composed of five insurance companies of Azerbaijan - M BASK, Standard Insurance, International Insurance Company, Azersigorta, Ateshgah.
Twenty seven 27 insurance companies, licenses of two of which were suspended for time, and one reinsurance company operate in Azerbaijan. The volume of premiums of all insurers in January-April amounted to 53.73 million manat with payments of 15.52 million manat.
The official exchange rate is 0.8037 manat to $1 June 7.
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