Azer-Asia Insurance Company's official for financial department Aynur Babayeva told APA-Economics that the insurer has already been licensed by Finance Ministry to provide these new insurance services and intends to be an authorized company of the Azerbaijan Mortgage Fund in a few days.

Azer-Asia Insurance JV was established by Iran's Asia Company (49%) and Azerbaijan's Azersigorta State Commercial Company (51%) in 1997. It provides 7 voluntary and 2 compulsory insurance services.