CBA deputy chair about creation of credit insurance product with unemployment coverage

12:01 - 24.06.2026


June 24, Fineko/abc.az. Within the development of the insurance intermediary institution, the prepared changes will contribute to he improvement of intermediaries' professionalism, expansion of insurance coverage and development of the market.

ABC.AZ informs that the first deputy chairman of the Central Bank of Azerbaijan, Aliyar Mammadyarov, said this at the 11th Azerbaijan International Insurance Forum in Baku.

He noted that a credit insurance product has been developed, which provides insurance coverage for unemployment.

According to Mammadyarov, this product will be aimed at strengthening the financial security of borrowers. The improvements in the insurance market as a whole are focused on increasing the sector's resilience.

By Elmir Muradov