Azerbaijan, Baku, July 5 / Trend A. Akhundov /
Azerbaijan International Insurance Forum AIIF-2012 on the theme of "New Perspectives in the Caucasus region" has achieved its objectives to inform the foreign business community about the insurance market, Azerbaijan Insurers Association Executive Director Azer Aliyev told Trend today.
The association organizes the forum.
The forum has recently started and completed its work today.
"The forum was held well," he said. "I believe that we have achieved the objectives," he said.
"These are bilateral meetings, exchange of experience, inviting a larger number of participants of the insurance market from other countries to Azerbaijan. The representatives of 21 countries attended this forum. The representatives of seven countries attended the forum in 2011. We have been trying to inform about success of the Azerbaijani insurance market abroad since 2011."
He said that many bilateral meetings have been held during the forum.
"In particular, there was a meeting among the leadership of State Insurance Control Service, compulsory insurance bureau and international insurance of civil liability of vehicle owners Green Card," he said. "Many meetings were held between private companies."
He said the forum has become a tradition and will be held again next year.
"We have determined that such events as forum and Insurance Olympiad will be held every year," Aliyev said.
The insurance market in the Caucasus region was reviewed at the forum. The prospects for reinsurance in the Caucasus and Central Asia, mandatory kinds of insurance, their effectiveness for the market development and life insurance at the developing markets were discussed.
AIIF is the most important event in the Caucasus region, dedicated to the insurance and reinsurance market, covering the most important trends and prospects in the region.
The senior employees of national insurance, reinsurance and brokerage companies in the region of the Caucasus, Turkey, Central Asia, Europe, Russia and the CIS attended the event.