Azerbaijan's Central Bank talks projects for development of insurance market
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, April 3 . The Central
Bank of Azerbaijan (CBA) is implementing a number of projects in
the development of the insurance market, Director of the Department
for Control over Insurance Activities of the CBA Vusal Gurbanov,
told Trend .
According to him, one of these projects is to ensure the
availability of insurance services and improve the quality of
services provided.
'Implementation of the project for the digitalization of both
compulsory and voluntary types of insurance will make it possible
to receive insurance services in electronic form, and also, online
apply for compensation in the case of an insured event. This will
help increase the efficiency of the services provided and prompt
response in the case of an insured event,' he said.
For the implementation of these projects, the CBA has prepared a
relevant bill - both a legal framework and a platform for
controlling electronic systems, Gurbanov added.
Tags:
- Central Bank of Azerbaijan
- Azerbaijan
- insurance
- compulsory insurance
- Voluntary insurance
- projects
- digital technologies
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