The Central Bank of the Republic of Azerbaijan has signed a memorandum of understanding with Türkiye’s Insurance and Private Pensions Regulation and Supervision Agency (SÖPTNA), setting a framework to expand cooperation in insurance-sector regulation and supervision, including information exchange and technical assistance. The memorandum is intended to support the integrity and efficiency of the insurance and reinsurance markets and to enable mutual consultations in the performance of market oversight functions. It also envisages training and technical assistance to support development of the regulatory and legal framework in both countries, including training programmes, seminars, internships and technical assistance projects, following discussions on insurance-sector developments and digitalisation trends.
Central Bank of the Republic of Azerbaijan 2025-10-29
Central Bank of the Republic of Azerbaijan signs memorandum of understanding with Türkiye’s Insurance and Private Pensions Regulation and Supervision Agency to strengthen insurance supervision cooperation
The Central Bank of the Republic of Azerbaijan and Türkiye’s Insurance and Private Pensions Regulation and Supervision Agency have signed a memorandum of understanding to enhance cooperation in insurance-sector regulation and supervision. The agreement includes information exchange, technical assistance, and mutual consultations to support market oversight and regulatory framework development. It also covers training programs, seminars, and projects to address insurance-sector developments and digitalisation trends.