Azerbaijan, Baku, Feb.17 / Trend N. Ismayilova /
Azerbaijan Bank Training Center (ABTC) under the new strategy will begin to hold training programs for insurance companies, ABTC director Javanshir Abdullayev said.
"Now, insurance companies use our services on management, but certain insurance products are not available, and there is no center, constantly training insurers. Therefore, making a preliminary analysis of the market, we decided that there is a need for this, as insurance companies are mainly subsidiaries of banks," Abdullayev said.
According to him, this year ABTC will offer to insurance companies some programs, such as preparation of actuaries, programs for products such as medical insurance, voluntary Comprehensive Insurance of Motor Vehicles (CASCO).
"As is known, the Finance Ministry certificates insurance agents, and we also claim to train insurance agents," he said.
ABTC's new strategy adopted in July last year was approved early 2011.
Azerbaijan has 27 insurance companies and one reinsurance company.
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