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Association of Actuaries to be Established in Azerbaijan

Business Materials 8 May 2007 13:45 (UTC +04:00)

Azerbaijan, Baku / corr. Trend U.Ismaylova / The Head of State Insurance Control of the Finance Ministry of Azerbaijan, Namig Khalilov, said that the Association of Actuaries of Azerbaijan submitted documents to the Ministry of Justice of Azerbaijan for registration.

According to Khalilov, presently only five persons in Azerbaijan are involved in the activities of insurance actuary and they have not achieved education in the higher educational institutions of Azerbaijan. On 24 April the Canadian Insurance Actuary, Jan Noel Martineu, arrived in Baku on a two-day visit in line with ACDI/VOCA. He is involved in devising a plan to hold relevant seminars in Azerbaijan.

Khalilov said that the visit of actuary aims to create a school of actuaries and specialists in this area in Azerbaijan. Presently 29 insurance companies function in Azerbaijan.

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