Azerbaijan To Introduce Microinsurance Model Under New State Program
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.
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