Access to insurance services to be facilitated

Launch of mobile applications is planned with the purpose to ensure the access of Azerbaijani citizens to insurance services

A new decision on competition in field of compulsory health insurance services

Expert: Insurance sector needs reform

The insurance market in Azerbaijan has lagged significantly behind the banking sector as a whole.

Services rendered within compulsory medical insurance

According to preliminary reports submitted to the State Agency for Compulsory Medical Insurance by medical institutions applying compulsory medical insurance, 1,744,700 medical services were rendered to 394,063 citizens in 58 cities and districts this September.

Azerbaijan’s Mortgage Fund has chosen an insurer

The Azerbaijan Mortgage & Credit Guarantee Fund has chosen an insurer.

Premiums on motor insurance in Azerbaijan lowered

The insurance companies of Azerbaijan have collected premiums on compulsory motor insurance for totaled AZN 25.57 million

AzSığorta lost about AZN 5 million

Sales, including premiums of insurance company AzSığorta, one of the participants of the insurance market of Azerbaijan, continue to decline

Insurers that collected largest premiums for 8 months

Three employees at Günay Sığorta left their posts

Several employees of insurance company Günay Sığorta have been dismissed from their positions.

Standard Insurance’s property put up for auction

Central Bank revoked licenses of 27 insurance agents

The Central Bank of Azerbaijan has canceled the licenses of insurance agents issued to 27 individuals on the basis of voluntary appeal

Recovery on global insurance market - insurance premiums grow rapidly

The global volume of other insurance premiums, with the exception of life insurance and medical insurance, is growing rapidly

License of another insurance agent canceled

The Central Bank of Azerbaijan has revoked the license of another insurance agent

Decline recorded on Xalq Sığorta premiums

There is a decrease on premiums of insurance company Xalq Sığorta

Number of employees at Gunay Sigorta lowered

The quantity of employees of Gunay Sigorta in the 2nd quarter was 135 persons

AzSigorta premiums have decreased

AzSigorta is one of the insurance companies whose premiums decreased in June 2021 (against 2020)

Gunay Sigorta reports about change of shareholders’ stakes

There was a change in the distribution of the equity stake of the Gunay Sigorta’s shareholders.

Gunay Sigorta has suffered losses

Gunay Sigorta completed the 1st half of 2021 with loss of AZN 554,000

A-Qroup included in register of Compulsory Insurance Bureau

List of insurers with the least amount of premiums for Jan-Jun 2021

Insurers that gathered most of all premiums for past half of 2021