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AmCham Banking, Finance and Insurance Committee Hosted Meeting on Property Insurance and Risk Protection
On June 30, 2026, the AmCham Banking, Finance and Insurance Committee organized a meeting titled “Property Insurance and Risk Protection: Ensuring the Safety of Homes and Businesses.”
The event brought together representatives from the Ministry of Emergency Situations, the Central Bank of Azerbaijan, PASHA Insurance, PASHA Property Management, the Azerbaijan Insurers Association, AmCham member companies, and private sector professionals to discuss current property risks, the role of insurance protection, and sustainable approaches to risk management.
The session commenced with opening remarks delivered by Mr. Vugar Namazov, Chairperson of the AmCham Banking, Finance and Insurance Committee, who welcomed participants and emphasized the importance of strengthening cooperation between the public and private sectors in promoting risk awareness, enhancing property protection, and supporting the development of Azerbaijan’s insurance market.
During the meeting, Mr. Vusal Gurbanov, Director General of the Central Bank of the Republic of Azerbaijan, presented the regulatory perspective on the development of the property insurance market and shared insights into ongoing initiatives aimed at strengthening the sector. Mr. Rustam Mammadov, Deputy Chairman of the Management Board of PASHA Insurance OJSC, highlighted the importance of property insurance for businesses and property owners, emphasizing its role in protecting assets and improving financial resilience.
The event also featured a panel discussion titled “Property Protection and Sustainable Approaches,” moderated by Mr. Ruslan Alakbarov, Director of Marketing and Customer Satisfaction Department at PASHA Insurance OJSC. The discussion brought together Mr. Abas Miskarli, Chairman and Executive Director of the Azerbaijan Insurers Association; Mr. Elbey Bababeyov, Head of the Legal Department of the State Agency for Construction Safety Control of the Ministry of Emergency Situations; Mr. Tural Aliyev, Chief Executive Officer of PASHA Property Management; and Mr. Aydin Rahmanov, Chief Executive Officer of Qala Life Insurance. Panelists explored key misconceptions surrounding property insurance, effective risk management practices, opportunities for strengthening cooperation among stakeholders, and practical approaches to enhancing resilience against property-related risks.
The meeting concluded with an interactive Q&A session, providing participants with the opportunity to engage directly with the speakers and exchange views on current challenges and future priorities for advancing property insurance and risk protection in Azerbaijan.
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