Regulatory Alerts2024-02-14
Criteria for assessing an insurer as a systemically important insurer
The Central Bank of the Republic of Azerbaijan issued Resolution No. 06/2 to establish a quantitative framework for identifying systemically important insurers operating in Azerbaijan. The methodology calculates a systemic importance index using weighted indicators across scope, diversification, substitutability, and complexity, excluding metrics absent in over 75 percent of insurers. Insurers whose index exceeds the sector mean plus standard deviation are designated as systemically important, with the final list approved by the Central Bank annually by March 1.
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