CBA Adds Two More Foreign Companies to Insurance Broker Register
The Central Bank of Azerbaijan has expanded the register of foreign insurers, adding a Kazakh and an Emirati company. The register now includes 103 foreign brokers.
Zeyni Jafarov✓ Verified by editors82 views1 min read
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The Central Bank of Azerbaijan (CBA) has included two more foreign companies in the register of foreign insurers, reinsurers, and insurance brokers.
The register now includes Kazakhstan's Verny Insurance Broker and the UAE's SHIELDS Reinsurance Brokers Limited.
Thus, the number of foreign brokers in Azerbaijan's insurance market has reached 103.
In July, the register was expanded with the UK's Ardonagh Specialty Limited, Latvia's Marine Underwriting Services SIA, and Georgia's CIB Georgia Insurance Broker LLC.
Verny Insurance Broker has been operating since 2004, while SHIELDS Reinsurance Brokers Limited started in 2025.
The CBA added two new companies to the register of foreign insurers: Kazakhstan's Verny Insurance Broker and the UAE's SHIELDS Reinsurance Brokers Limited.
Next
The register is expected to continue growing with new foreign companies, strengthening the integration of Azerbaijan's insurance market into the international system.
Who is behind this story
CE
Finance
Central Bank of Azerbaijan
The Central Bank of Azerbaijan runs monetary policy and oversees the manat and the financial sector.
