Tuesday, 02 January 2024 12:17 GMT

Azerbaijan To Introduce Microinsurance Model Under New State Program


(MENAFN- Trend News Agency) BAKU, Azerbaijan, May 26. The introduction of a microinsurance model in Azerbaijan is scheduled to begin by 2030, Trend reports.

This is reflected in the“State Program on expanding financial inclusion for 2027-2030” approved by the President of the Republic of Azerbaijan, Ilham Aliyev.

According to the State Program, the first step will be the creation and development of the microinsurance market. Next, an assessment of the microinsurance market's development potential will be conducted, and incentive measures will be identified. Following this, the process of defining regulatory and licensing requirements will be carried out.

--

MENAFN26052026000187011040ID1111169305



Trend News Agency

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.

Search