Central Bank official: Turkic states see broad potential for joint work in insurance sector

Cooperation among Turkic states offers broad opportunities for joint activity in the insurance sector, a senior official at the Central Bank of Azerbaijan (CBA) said at the Turkic States InsurTech Summit 2025 in Baku, according to Report.

CBA Executive Director Vusal Qurbanov said the successful steps taken by President Ilham Aliyev to strengthen strategic and economic cooperation among Turkic nations have created a favorable basis for closer integration in the financial sphere.

He added that the summit reflects the growing collaboration among Turkic countries in building joint innovation and digital platforms. “In today’s world, insurance is not only a key element of financial stability but also a strategic mechanism that supports social welfare and confidence in the future,” Qurbanov said.