Baku, Azerbaijan, May 16
By Anvar Mammadov - Trend:
Fuad Sadikhov has been appointed the director of insurance market supervisory department of Azerbaijan's Financial Market Supervisory Body, a source on the country's insurance market told Trend May 16.
The source said that Sadikhov will supervise life insurance, types of insurance differing from life insurance and work with insurance brokers.
Heads of two of these three structures - on work with insurance brokers and on types of insurance differing from life insurance - have already been appointed, added the source.
Head the Board of Directors of the Financial Market Supervisory Body Rufat Aslanli held a meeting with heads of Azerbaijan's insurance companies last week, where the problems of the country's insurance market were discussed.
During the meeting, Aslanli noted insurance system's importance in the country's economy.
Currently, 25 insurance companies operate in Azerbaijan.
Edited by SI
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