MONOPOLIES EXIST IN DIFFERENT TYPES OF INSURANCE IN DOMESTIC MARKET
The Anti-Monopoly Policy Department at the Ministry of Economic Development of Azerbaijan completed the monitoring of the state of market in Azerbaijan.
Rahim Husseynov, the Director of the Department, told Trend that service notification and data on monitoring have been developed and sent to the leadership of the Ministry of Economic Development.
Husseynov noted that the results of the monitoring would be publicized after their consideration at the Ministry of Economic Development, whereas stressed the existence of monopolies in this sphere in different types of insurance.
Regarding the complaints by some insurers on preference given by the state institutions while obligatory insurance to public insurance company AzerSigorta, Husseynov admitted existence of such fact in the domestic insurance market and for this end stressed the necessity of designing common recommendations enabling the private and state companies to promote this sector.