Azsigorta has a tax debt of over AZN 54,000

Recommendation: Houses without documents can be insured

The insurance system is widely used to compensate for damage caused by damage, destruction or any form of loss of immovable property as a result of fire or other events.

9 district branches of Azersigorta liquidated

State insurance commercial company Azersigorta has reported about the liquidation of its nine district branches.

List of insurers with lowest premiums for Jan-Feb

Baki Sigorta finished 2021 with loss

Insurance company Baki Sigorta completed 2021 with net loss of AZN 1.712 million (net profit of AZN 155,211 in 2020)

PASHA Life Insurance observed decline of net profit in 2021

Pasha Life Insurance has published the financial indicators for 2021.

Compensations paid per every 100 manats of compulsory insurance premium unveiled

The compulsory insurance premiums decreased by 17.6% year-on-year to AZN 35.17 million for the past 2 months.

Data on voluntary insurance premiums published

The Central Bank has released some indicators of the insurance sector for Jan-Feb 2022.

Life insurance premiums for Jan-Feb increased

The life insurance premiums were gathered in Azerbaijan for AZN 63,002,700 for Jan-Feb 2022 (36.6% more versus Jan-Feb 2021).

Insurance market has grown

A-Qroup's capital reduced

A-Qroup Insurance finished 2021 with net profit of AZN 1.13 million (fall against 2020).

Net profit of A-Qroup Insurance sharply decreased

A-Group Insurance completed 2021 with net profit of AZN 1.13 million

Azerbaijani insurance sector assets decreased by 1.6% last year

By the end of 2021, the assets of the insurance sector of Azerbaijan amounted to AZN 1.33 million (1.6% less than at the end of 2020).

Resignations at Gunay Sigorta continue

Resignations in the executive body of Gunay Sigorta continue.

Azerbaijan Rigs selects a voluntary health insurer

Azerbaijan Rigs LLC has announced the acceptance of offers for voluntary medical insurance

Over 67% of compensation payments accounts for five insurers

AZN 11.227 million (or 67.55%) out of AZN 16.6 million of compensations paid in Azerbaijan for January 2022 accounted for five insurance companies.

Five insurers in Azerbaijan collected 84% of entire premiums

Out of AZN 118.234 million of the premiums gathered in Azerbaijan last month, AZN 99.39 million, or 84.05% accounted for five insurance companies.

Premiums of 10 insurance companies reduced

The premiums of 10 insurance companies out of 20 ones operating in Azerbaijan decreased last month compared with January 2021.

Insurance market in Azerbaijan has grown

The premiums for AZN 118.2 million were gathered by 20 insurance companies in Azerbaijan for January 2022 (13.67% more versus January 2021)

Citizens of Turkey and Azerbaijan to be able to use CHI services

Number of ASA members has reached 21

Another insurance company has become a member of the Azerbaijan Insurers Association