The Board of Directors of the Russian joint stock society “Ingosstrakh” has approved the decision of the company’s Board on opening a representation in Azerbaijan, press release of the company reports.

According to the informational-analytical center of the company, opening of the representation in Azerbaijan is explained by interest shown by local business towards the cooperation with “Ingosstrakh” related to reinsurance and other insurance projects.

The number of representations, branches and dependent companies in the CIS and Baltic countries, including the representation in Azerbaijan, comes to 7 companies and 4 representations in 8 former USSR states.