Azerbaijan, Baku / corr Trend U.Ismayilova / Ziyad Samedzade, the chairman of the parliamentary commission on economic issues, said on 17 July that the Azerbaijani insurance market is not prepared for the country's entrance to the World Trade Organization (WTO).
Samedzade noted that the Azerbaijani insurance market is not ready to enter the WTO, which has very difficult requirements in this respect. "Large companies exist, whilst our companies are mainly small, excluding the International Insurance Company and Atesgah company. The rest of the Azerbaijani insurance companies are not ready to rival with foreign companies," he stressed.
There are 29 companies in Azerbaijan. The highest statutory capital of the company constitutes AZN 10mln and the lowest is AZN 700,000.нием МСК и Атешгах, а остальные не конкрентноспособные по компании в основном маломощные. большие показатели и это нас беспок