Two insurance companies liquidated

The State Tax Service under the Ministry of Economy has announced the liquidation of Inam Sığorta Agentliyi LLC and Risk Sığorta Agentliyi LLC.

Central Bank of Azerbaijan warns insurers

Ipek Yolu Sigorta’s net profit declined

Ipek Yolu Sigorta completed the 1st half of this year with net profit of AZN 478,000 (by 0.6% less against Jan-Jun 2021)

81% of paid compensations account for 5 insurers

AZN 141.69 million (or 81%) out of AZN 174.9 million of compensations paid in Azerbaijan for Jan-Jun 2022 accounted for five insurance companies.

Insurers with the least premiums for past half of 2022

The indicators of the insurance sector for Jan-Jun 2022 have been unveiled.

List of insurers with largest premium indicators

AZN 397.1 million (or 80.8%) out of AZN 491.605 million of premiums gathered by the insurers in Azerbaijan for Jan-Jun 2022 accounted for five insurance companies.

Procedure for calculating insurance premium on compulsory insurance may change

The procedure for calculating the insurance premium on compulsory civil liability insurance of motor vehicle owners may change in Azerbaijan.

Data on receipts for compulsory state social insurance for Jan-Jun 2022 disclosed

Results of certification in field of insurance announced

You will be fined in this case

A person who does not want to insure his real estate will not be able to avoid responsibility by paying a fine of 50 manats for this.

Licenses of 26 insurance agents restored

The Central Bank of Azerbaijan has restored the validity of the insurance agent's license issued to 26 individuals.

Insurers that paid the largest number of compensations

Out of AZN 129.03 million of compensations paid in Azerbaijan for Jan-May 2022, AZN 101.7 million or 78.8% accounted for five insurers.

82% of premiums in Azerbaijan account for 5 companies

Out of AZN 426.638 million gathered in Azerbaijan for Jan-May 2022, AZN 349.98 million or 82% of premiums accounted for 5 insurers.

Certification in field of insurance to be carried out

Azersigorta's payments exceed AZN 10 million for Jan-May

State insurer Azersigorta has published data on compensation payments for Jan-May 2022.

Insurance premiums grew for past 5 months

The financial indicators have been published for 5 months of 2022.

Certification to be carried out in insurance sector

Certification in the field of insurance will take place on 17 June.

Taleh Kazimov convenes the heads of insurance companies

Taleh Kazimov, the chairman of board at the Central Bank of Azerbaijan, is likely to meet with the heads of insurance companies on 16 June.

Azersigorta switches to uninterrupted regime of operation

State insurer Azersigorta has switched to uninterrupted regime of operation

Certification to be carried out in field of insurance

Certification in the field of insurance will take place on 14 June.

Rating of Azerbaijan’s insurers that compensated most of all

The Central bank has published the results of the insurance sector activity for April 2022.