The Central Bank of the Republic of Azerbaijan’s Board decided on 17 April 2026 to revoke AtaSigorta Open Joint Stock Company’s insurance activity licence (No. 000300, issued 10 November 2009) at the firm’s voluntary request under Article 107.1.1 of the Law on Insurance Activity, stating the withdrawal does not threaten the insurance sector’s financial stability and that the revocation process will be monitored within the legal framework.
Central Bank of the Republic of Azerbaijan 2026-04-20
Central Bank of the Republic of Azerbaijan revokes AtaSigorta’s insurance activity licence following voluntary application
The Central Bank of the Republic of Azerbaijan has revoked AtaSigorta Open Joint Stock Company’s insurance activity licence at the firm’s voluntary request under Article 107.1.1 of the Law on Insurance Activity. The authority stated that the withdrawal does not threaten the insurance sector’s financial stability and that the revocation process will be monitored within the legal framework.