Growth of 4% reported on premiums on compulsory motor vehicle insurance

The premiums and compensation payments on compulsory civil liability insurance of motor vehicle owners have increased in Azerbaijan.

Loss rate for compulsory car insurance disclosed

In Azerbaijan, the loss rate for compulsory civil liability insurance of motor vehicle owners has decreased (the ratio of payment and collection).

Aqrar Sığorta premiums drop by 2 million manats

Aqrar Sığorta has published a report on collection of premiums and payment of compensations for Jan-Jun 2024.

Insurance companies with the lowest pemiums – LIST

Over 725 million manats of insurance premiums collected in 6 months

Over Jan-Jun 2024, 17 insurance companies in Azerbaijan gathered 725.162 million manats of premiums (11.7% more against Jan-Jun 2023)

Central Bank has published a list of insurance companies with which customers are displeased

The Central Bank has once again published a list of insurance companies that receive the most frequent complaints.

Income from social insurance premiums approached 2.8 billion manats

Receipts on contributions to compulsory state social insurance for Jan-Jun 2024 in Azerbaijan, in conditions of “whitewashing” the number of employees and the wage fund approached 2.8 billion manats.

New CIB executive director appointed

Vusal Masliyev has been appointed the executive director of the Compulsory Insurance Bureau by the decision of the CIB Board of Trustees.

Payments on voluntary property insurance in Azerbaijan grew by 30%

The data has been unveiled on the premiums and compensation payments on voluntary property insurance in Azerbaijan.

Loss-making on compulsory insurance of civil liability of motor vehicle owners grew by 17%

The loss rate on compulsory civil liability insurance of motor vehicle owners has decreased in Azerbaijan.

Data unveiled on voluntary insurance premiums

The data has been published in Azerbaijan on premiums and compensation payments on voluntary insurance.

Azerbaijan records compulsory insurance premiums

Compulsory insurance premiums and compensation payments have increased in Azerbaijan.

Payments on compulsory car insurance grew by 32%

Azerbaijan has recorded growth on the premiums and compensation payments on compulsory civil liability insurance of motor vehicle owners.

Insurers with the largest reduction on premiums

Compared with the same months of 2023, the premiums of seven out of 20 insurance companies in Azerbaijan observed decline for Jan-May 2024.

Insurance market has grown in Azerbaijan

Withdrawal of any insurer from insurance market is not expected

The financial indicators of all insurers operating in Azerbaijan fully comply with the prudential requirements of the Central Bank (CBA), ABC.AZ reports, quoting CBA general director Ziya Aliyev.

CBA chair: Volume of insurance market exceeds 1% of GDP

Taleh Kazimov: Azerbaijan's economy enters new era

Azerbaijan's economy has embarked on a new stage where the financial sector, including the insurance industry, plays a crucial role.

Insurance market needs these reforms

Reforms are needed for growth of the insurance market in Azerbaijan.

Insurance agency’s chair: Budget of Compulsory Health Insurance Fund reaches 3 bn manats

The budget of the Compulsory Health Insurance Fund has reached 3 bn manats.

Certain work underway in insurance sector to ensure sustainable financing

In connection with insurance, a number of important works are being carried out to facilitate the work of insurers, Central Bank’s chairman Taleh Kazimov said at the international insurance forum in Baku.