New insurance tariffs preparing in Azerbaijan

“Insurers will agree that current tariffs on insurance types do not meet today’s requirement”, said Ibrahim Alishov, Executive Chairman of Financial Market Supervisory Authority at the 9th International Insurance Forum on “Insurance market in Azerbaijan: trends and opportunities”, APA-Economics reports.

According to him, we have already passed definite stage of the development of economy: “Therefore, new approach is needed to calculation of tariffs. We are taking some steps together with Azerbaijan Insurers Associations. This is very important for us.”