AZERBAIJAN: digitalization of compulsory real estate insurance will allow CBA to regulate the market and processes

31 October 2022 — Marina MAGNAVAL
According to the Executive Director of the Central Bank of Azerbaijan (CBA) Ziya ALIYEV, CBA is working on digitalization of compulsory real estate insurance processes, Trend wrote.

"Digitalization will allow Azerbaijani citizens to issue electronic insurance, which is a trend today. Work is underway to create an appropriate database and integrate electronic insurance with the systems of insurance bureaus. Relevant instructions have been given in the regions of the country. entral Bank also considers it obligatory to stimulate and inform the population about compulsory insurance", ALIYEV explained.



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