17:57 - 6.10.2023

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October 6, Fineko/abc.az. The Association of Banks of Azerbaijan (ABA) and the Association of Insurers of Azerbaijan (ASA) have formed a large-scale platform of intensive cooperation in order to strengthen the protection of the population and business from various risks.

ABC.AZ reports that the platform involves expansion of insurance coverage against existing risks related to the life, health and property of bank's clients, joint development and provision of insurance products to customers that benefit customers for this purpose.

For this purpose, a joint project council has been created, various expert working groups have been created. The platform primarily provides for expansion of life insurance for consumer credit customers. Consumer credit life insurance covers insurance of clients against the risks of death and disability.