The inaugural Assembly of the Turkic World Insurance Union has officially begun today in Shusha, Azerbaijan.
According to AZERTAC’s regional correspondent, the assembly is organized by the Azerbaijan Insurers Association with strategic support from the Central Bank of Azerbaijan and participation from the Organization of Turkic States. This marks the first time insurers from the Turkic world have come together in such an extensive format.
The event gathers financial regulators and insurance associations from Azerbaijan, Kazakhstan, Kyrgyzstan, Türkiye, Uzbekistan, and the Turkish Republic of Northern Cyprus.
The agenda includes two panel discussions: “Regulatory Approaches in the Turkic World Insurance Industry” and “The Turkic World Insurance Union: Goals and Prospects.”
Additionally, the assembly will feature the signing of a joint document among insurers from the Turkic states.
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The UN's International Maritime Organization has paused escort operations through the Strait of Hormuz after a cargo ship was reportedly attacked near Oman, with two U.S. officials accusing Iran of the attack.
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Iran's Ministry of Foreign Affairs on Friday (26 June) condemned as "interventionist, irresponsible and provocative" a statement issued following a joint meeting of foreign ministers from the U.S. and the Gulf Cooperation Council (GCC) in Manama, Bahrain.
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