Azerbaijan, Turkmenistan initiate insurance cooperation

Azerbaijan and Turkmenistan have embarked on a collaborative venture in the insurance sector, signalling a new phase of bilateral cooperation.

Discussions regarding this partnership took place during a meeting between the Azerbaijan Insurers Association (AIA) Executive Director Elmar Mirsalayev and the Ambassador of Turkmenistan to Azerbaijan, Gurbanmammet Elyasov, Report informs.

The meeting served as a platform to explore opportunities for cooperation between the two nations across various sectors. A notable outcome of the discussions was the agreement to establish ties between the Azerbaijan Insurers Association (AIA) and Turkmenistan's insurance sector.

This initiative marks a significant step towards fostering mutual understanding and partnership between Azerbaijan and Turkmenistan in the field of insurance. It underscores the commitment of both countries to strengthen economic ties and explore avenues for collaboration to promote growth and development.

As the groundwork for cooperation in the insurance sector is laid, stakeholders anticipate fruitful outcomes that will contribute to the advancement of both nations' insurance industries and enhance their respective economies.