BAKU, Azerbaijan, July 16. Two insurance
brokerage firms from Kazakhstan have officially entered the
Azerbaijani insurance market following their inclusion in the
register of foreign insurers, reinsurers, and insurance brokers
maintained by the Central Bank of Azerbaijan (CBA), Trend reports via
CBA.
"Marsh" and "Aon Kazakhstan" have both been registered as
foreign insurance brokers authorized to operate in the country.
"Marsh" has been officially registered in Kazakhstan since 2000,
while "Aon Kazakhstan" received its state registration a few years
later in 2004.
This marks the third foreign insurance broker to be registered
in Azerbaijan this year. Earlier, in April, the Turkish company
"Gallagher Sigorta ve Reasürans Brokerliği" was also included in
the same registry.
Meanwhile, an insurance broker is a natural or legal person who
mediates in insurance matters such as negotiations, continuation or
renewal of insurance contracts, and risk placement, and who also
provides advisory services on signing insurance contracts and
claims.
