The Central Bank of the Republic of Azerbaijan has appointed a temporary administrator to AtaSığorta JSC as a supervisory measure, citing the determination and preservation of the insurer’s financial stability and the exercise of statutory duties and powers related to temporary management. From the date of appointment, the powers of the insurer’s management bodies are suspended and transferred to the temporary administrator. The central bank framed the intervention as aimed at protecting the rights of insurance service consumers and creditors.
Central Bank of the Republic of Azerbaijan 2026-01-06
Central Bank of the Republic of Azerbaijan appoints a temporary administrator to AtaSığorta
The Central Bank of the Republic of Azerbaijan has appointed a temporary administrator to AtaSığorta JSC to ensure financial stability and fulfill statutory duties. The insurer's management powers are suspended and transferred to the administrator. This measure aims to protect the rights of insurance service consumers and creditors.