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


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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