2024-06-26 16:22:38
Reinsurance can considerably enhance Azerbaijan’s resilience by minimizing monetary dangers and contributing to the soundness of the insurance coverage market.
As Day.Az stories on Thursday close to Pattern, Gepa Jansen-Klaus, senior consumer underwriter for the nations of Northern Europe and the CIS, vice chairman for reinsurance at Swiss Re Europe (Germany), mentioned this throughout a panel dialogue “Insurance coverage below the affect of local weather change” inside the framework of the Azerbaijan Worldwide Insurance coverage Discussion board-2024 (AIIF-2024).
“Reinsurance can considerably enhance the sustainability of Azerbaijan by minimizing monetary dangers and contributing to the soundness of the insurance coverage market. This not solely strengthens the nation’s financial system, but additionally supplies further safety for infrastructure tasks and companies. To start with, reinsurers ought to enhance their abilities on this space to scale back the hole between anticipated and precise losses. Secondly, tariffs for insurance coverage towards pure disasters ought to adequately mirror all attainable dangers. That is vital to keep up the sustainability of the insurance coverage market,” she emphasised.
It needs to be famous that at the moment there is just one reinsurance firm in Azerbaijan – AzRe Təkrarsığorta OJSC
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