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Reprints
Azerbaijan will liberalize access to the insurance market for foreign investors in 2017, Forinsurer reported.
The country's finance ministry has approved changes to the upper limit of the proportion of foreign capital in insurers' authorized capital. Under the plans, the upper limit of foreign capital until Jan. 1, 2015 will be 50%. This will increase to 70% on Jan. 1, 2015, 85% on Jan. 1, 2016 and 100% on Jan. 1, 2017, Forinsurer reports.
1. Turkish airlines cancel flights to Iran and Iraq amid war concerns
3. Zurich Insurance to stop underwriting new oil and gas projects
4. Bermudan, European reinsurers to suffer major hit from bridge collapse
5. Tycoon gets death sentence for multi-billion-dollar fraud
6. Inflation drives 10% increase in sum insured for windstorms