Central Bank of Azerbaijan includes Turkish insurance broker in its register

The Central Bank of Azerbaijan (CBA) has included Türkiye's BMS Group Sigorta ve Reasurans Brokerligi" A.Ş. into the registry of foreign insurers, reinsurers, and insurance brokers, Report informs, citing the CBA.

With this addition, the number of foreign brokers operating in Azerbaijan's insurance market has reached 93.

In October, five companies from four foreign countries were also included in the registry of insurance brokers in Azerbaijan.

BMS Group Sigorta ve Reasurans Brokerligi has been operating in the insurance and reinsurance sector since 2020.