EBRD ready to assist insurance market in Azerbaijan

Raymond Konwey, the head of the Baku office of the EBRd, told Trend the EBRD was ready to assistance in the develo?ment of the insurance sector and would be ?re?ared to consider su??orting im?rovements in the regulatory and legislative environment for insurance com?anies.

"While we have had discussions about insurance legislation and regulation with officials from the Ministry of Finance, we have not yet received any such ?ro?osal from the Ministry. Should such a request be made, the EBRD would be willing to consider it. As our recent investment in MBASK shows, the EBRD has an increasing interest in the," Konwey underlined.