CBA: 90% of residential houses, 70% of commercial objects are uninsured

CBA: 90% of residential houses, 70% of commercial objects are uninsured
In Azerbaijan, 90% of residential houses and 70% of commercial (business) facilities are not compulsorily insured.

Qazet.az reports that this was stated by the Director General of the Central Bank of Azerbaijan (CBA) Ziya Aliyev at the "Turkish Financial Sector Leaders Summit" held in Baku.

"Therefore, most of the property-related risks of the population and business are still on the state. We need reforms in the field of compulsory insurance of real estate, as well as taking advantage of Turkey's experience and the intellectual support of our brother country. Bringing Turkey's SBM model to Azerbaijan regarding the digitization of the insurance sector and the formation of a database. we want. We have work in this direction. After this model, insurers' data needs will be met at a high level," he said.