Azerbaijan's Bakı Sığorta (Baku Insurance) has announced its liquidation, Trend reports with reference to the Vergilar newspaper of the State Tax Service under the Ministry of Economy.

It is noted that the company’s charter capital is AZN 8.9 million (USD 5.2 million).

According to the 3Q2024 results, Bakı Sığorta ranked 17th (last) among the companies operating in the Azerbaijani insurance market.