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Consolidation in Azerbaijani insurance market inevitable: Official

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An official has said that consolidation in Azerbaijan's insurance market is inevitable, reported Abc.az.

"The insurance market will start consolidating sooner or later irrespective of whether the regulative bodies initiate this process or not," said the official. "Companies regularly collecting premiums in amount less than compensations they pay will not be able to cope with this situation at least for five years," added the official.

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