A memorandum of Understanding was signed for the development of the insurance sector
A memorandum for cooperation signed between Financial Market Supervisory Authority, Ministry of Education, The State Agency for Public Service and Social Innovations under the President of Azerbaijan Republic, Compulsory Insurance Bureau and Azerbaijan Insurers Association in order to implement the "Action Plan for the Improvement of the Insurance Sector", approved by the Decree of the Cabinet of Ministers of the Republic of Azerbaijan.
Memorandum was signed by member of the Board of the Financial Market Supervisory Authority Asim Zulfugarov, Deputy Minister of Education Idris Isayev, Deputy Chairman of the State Agency for Public Service and Social Innovations under the President of Azerbaijan Republic Jeyhun Salmanov, Chairman of Azerbaijan Insurers Association Azer Aliyev and Executive Director of Compulsory Insurance Bureau Rashad Ahmedov.
The Memorandum of Understanding envisages the implementation of joint measures to support awareness-raising campaigns about insurance sector in the country and integration of the electronic information system of Compulsory Insurance Bureau of relevant bodies.
The Memorandum was signed on June 28 within the IX International Insurance Forum held in Baku.