Azerbaijani Central Bank attracts insurer

Business Materials 16 July 2014 16:39 (UTC +04:00)

Baku, Azerbaijan, July 16
By Emin Aliyev - Trend:

The Central Bank of Azerbaijan has announced a tender for the provision of insurance services for the insurance package of fixed assets, cash money, and CASCO car insurance, the tender commission reported.

The cost for participation in the tender is 200 AZN. The tender bids with a bank guarantee in the amount of one percent of their value will be accepted until 18:00 on August 15. The opening of the bids will take place at 15:00 local time on August 18.

The tender participants should have a license for the specified types of insurance and be members of Compulsory Insurance Bureau.

The level of aggregate capital of the bidders should meet the requirements of the Ministry of Finance and should be not less than 5million AZN.

In accordance with the tender terms, the winner should start providing service as of November 1 and compulsory insurance of vehicle owners' civil liability from January 25, 2015. The services will be rendered within 12 months.

The official exchange rate on July 16 is 0.7844 AZN / USD.

Edited by CN