Turkic World Insurance Union adopts proclamation in Shusha

At the first Assembly of the Turkic World Insurance Union held in Shusha, insurance associations from Turkic states signed a joint Proclamation document, Report informs.

Under the document, the union has been reorganized on the basis of the goals and principles of the Organization of Turkic States.

Alongside the five founding members, insurance associations from Hungary, Turkmenistan, and the Turkish Republic of Northern Cyprus joined the Union as observer organizations.

The primary aim of the Turkic World Insurance Union is to establish cooperation among the insurance markets of member and observer states of the Organization of Turkic States through the exchange of expertise, personnel, and information, as well as to build systematic reinsurance ties. The Union also seeks to foster sustainable and long-term development in the insurance sectors of the brotherly countries.