12:18 - 22.11.2023

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November 22, Fineko/abc.az. The Central Bank has decided to approve "The procedure for determining the limits and requirements for reinsurance of risks from foreign insurers, as well as the policy of the insurer & reinsurer on reinsurance operations and requirements for reinsurance of catastrophic risks".

ABC.AZ reports that the rules were signed by Central Bank’s chair Taleh Kazimov,

This rule establishes the limits and requirements for reinsurance of risks from foreign insurers, as well as minimum requirements for the policy of the insurer and reinsurer on reinsurance operations and reinsurance of catastrophic risks.