Central Bank of Azerbaijan admitted as member of UNDP Sustainable Insurance Forum

The Central Bank of Azerbaijan (CBA) has been admitted as a member of the Sustainable Insurance Forum (SIF) of the United Nations Development Programme (UNDP), Report informs referring to the CBA.

As part of its membership, the Central Bank has gained the opportunity to expand cooperation with insurance industry supervisory and regulatory bodies of various countries, participate in the international exchange of experience and knowledge, and be represented in the working groups and discussions of the forum.

Thus, the CBA will be able to contribute to international initiatives aimed at strengthening resilience and countering climate risks in the insurance sector, as well as expand the possibilities for applying advanced international practices in the development of the country's insurance sector.