Insurers compensated by about 50% more versus last year

The Central Bank of Azerbaijan has published the data on premiums and compensation payments of the domestic insurance companies for Jan-Aug 2020

Azerbaijani insurers observed growth on Jan-Aug premiums

Azerbaijan has published the data on insurance companies’ premiums for Jan-Aug 2020.

Interesting offer from ASA – to place insurance services on Azexport portal

The Azerbaijan Insurers Association has proposed to place insurance services on the Azexport portal

ASA: Lack of insurance education affects negatively process of training personnel in insurance sector

Atasıgorta`s premiums reduced sharply

Atasıgorta has published the report for the 1st half of 2020

Atasıgorta`s net profit fell more than by half a million manats

Atasıgorta`s net profit of decreased 1.9-fold to AZN 591,840 for the 1st half of 20202

Another insurance brokerage company established with equity capital of 100 manats

A new insurance brokerage company has been set up in Azerbaijan

ASA has set up an expert group

An expert group of insurers has been established at the initiative of the Azerbaijan Insurers Association (ASA)

Amount of compensation paid to insurance company announced

The license of insurance company Standard Insurance was canceled by the decision of the Central Bank and the court decision on insurer`s bankruptcy came into force on 14 September 2020

New deputy chairman of board appointed at Günay Sığorta

A new deputy chairman of board at Günay Sığorta has been appointed

ASA Legal Committee chair elected

Bankrupt insurer asks creditors to send claims

Standard Insurance, which is in the process of being liquidated, has applied to its creditors.

Once the best insurer now suffers a loss

Insurance company AXA Mbask has completed the 1st half of this year with loss of AZN 2.125 million

This insurer`s future plans to be discussed

The shareholders of on more insurance company, Amrah Sığorta, are to gather for an extraordinary general meeting

ASA chair: 2 insurers may close by end of 2020

There are two companies operating with poor quality on the insurance market of Azerbaijan.

An expert group under creation at ASA

The Azerbaijan Insurers Association (ASA) is to establish soon an expert group

Does Azerbaijan expect any mergers at domestic insurance market?

The process of merging between insurance companies is not expected in the near future.

ASA chair: Some small insurers can`t pay membership fees

It is regrettable that local insurance companies are likely to close after some time

ASA rep: We`ll try to bring world experience to Azerbaijan

The Azerbaijan Insurers Association is to compile statistical reports

Persons who don’t pay mandatory health insurance fees to be fined

A proposals has been made to amend Article 460 of the Code of Administrative Offences (tax evasion, unemployment insurance or compulsory state social insurance)

Fitch Ratings has withdrawn the rating on AzSigorta

At the initiative of AzSigorta the international rating agency confirmed the rating of the insurance company at the previous level and withdrew it, as cooperation with Fitch Ratings on the renewal of the rating was terminated