Experts think manat devaluation to affect AZERBAIJAN's insurance market in 3rd quarter

17 August 2015 —
Azerbaijan's insurance market has not yet fully felt the impact of the devaluation of the national currency, carried out on 21 February 2015.

Alexander Kananadze, first deputy chairman of the AzSıgorta Board of Directors, has stated that the devaluation has not reflected fully on the performance of insurance companies.

"The devaluation took place in the 1st quarter of the year, the losses came somewhere in the middle of the 2nd quarter, and respectively, they will be paid in the 3rd quarter," Kananadze said. Read the full story Experts think manat devaluation to affect AZERBAIJAN's insurance market in 3rd quarter
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