As Trend reports, Azerbaijani insurance companies are learning about the international standards of Solvency II. A workshop on ‘Solvency II: Risk based solvency requirements’ is being held in Baku today. It has been organised in cooperation with European Commission and the State Insurance Supervision Service of the Azerbaijani Finance Ministry.
Head of the State Service Namiq Khalilov said at the workshop that Azerbaijani insurers must now study the conditions of the Solvency II directive to rise up to these standards in the future. “In the future we will start working to pass on these requirements,” Khalilov said. The workshop is being conducted by foreign experts and will close on November 30.