Regulatory Alerts2025-10-24
Regulation on Recovery Plan Requirements, Implementation Period Calculation, and Reporting Procedures
The Financial Markets Supervisory Authority of Azerbaijan requires insurers to submit a recovery plan whenever their total capital drops below 90 percent of the statutory threshold. The regulation mandates that plans include detailed financial analysis, capital restoration measures, and a maximum six-month implementation period, with initial drafts due within 30 business days. Insurers must subsequently submit weekly and monthly standardized reports covering assets, liabilities, premiums, reinsurance operations, and investment activities, all certified by the Board Chairman and Chief Accountant.
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