S&P Global: Insurance sector depends on banking sector in Azerbaijan

S&P Global: Insurance sector depends on banking sector in Azerbaijan
  • Clock-gray 09:18
  • calendar-gray 20 June 2018

Insurance sector depends on banking sector in Azerbaijan. Any problem in the banking sector directly affects the insurance, Ekaterina Tolstova, Associate Director of S&P Global for Russian Federation said at the 6th Insurance Conference in Baku.

 

According to her, mutual dependent between insurance and the banking sector will continue in the next years: ‘In 2013-2017, the insurance market narrowed 38% in dollar equivalent, extended 37% in manat equivalent’. 

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