The Central Bank of Azerbaijan has returned to the market 4 out of 9 insurance brokers whose license had been suspended in April 2023.

This is reported on the structure's website. The report says that the companies whose license has been restored in force are 'AZ Group Insurance Agency', 'Ç?tir Sigorta Agentliyi', 'Qarant Sigorta Agenti', 'Buta Sigorta v? T?krar Sigorta Brokeri".

An appropriate decision was adopted on July 14 in keeping with the Law "On Insurance Activity'.

The reason is the elimination by insurance brokers of circumstances giving grounds for suspension of the license. Companies whose licenses have not yet been restored - 'CIB Sigorta Agentliyi', 'Gv?n Sigorta Agentliyi', 'Progress-Sigorta Agentliyi', 'Odlar Yurdu Sigorta Brokeri' and 'Sizin Sigorta Brokeri'

Source: Turan News Agency