BAKU, Azerbaijan, November 2. Azerbaijan will provide the opportunity for online real estate insurance in the near future, Director of the Insurance Activity Policy and Supervision Department of the Central Bank of Azerbaijan (CBA) Vusal Gurbanov told Trend.
According to him, there is an increase in real estate insurance in the country and the CBA continues work on improving the legal framework as well as conducting various reforms in this field.
"Work is underway on digitalization and integration of real estate database in relevant state structures and a number of measures are planned to ensure the availability of this type of insurance. After the implementation of these initiatives, the CBA is confident that these types of insurance will gain even more popularity in the insurance sector," Gurbanov said.