Khayal Mammadkhanli: Figures show growth of insurance market and premiums

The activity in Azerbaijan has seriously decreased after the strict quarantine regime had been introduced

Expert: COVID-19 made insurers to review health insurance products

Research shows that before the coronavirus pandemic, only 10% of people displayed an interest to the presence of infectious and "pandemic" diseases in their health insurance packages, and now this percentage has increased by about 70%

Number of insurance agencies has increased – 2 new insurers appeared

Two more insurance agencies have been established in Azerbaijan.

Mandatory Health Insurance Agency`s call center not to operate

Another insurer liquidated in Azerbaijan

Revan Sigorta applied to the Central Bank of Azerbaijan to cancel its license in connection with insurance activities

Revan Sigorta puts property up for sale

Revan Sigorta has put up for sale several of its non-residential premises

Qala Sigorta declared the winner of tender contract for AZN 297,000

Amrah Sigorta increased its authorized capital

Amrah Sigorta increased its authorized capital by AZN 300,000 or 6%, bringing it from AZN 5 million up to AZN 5.3 million

Period of isolation of visitors to Azerbaijan to reduce

Cargo insurance has more than doubled

Over two-fold rise was observed in the cargo insurance of Azerbaijan

Fall of 15% occurs in premiums of this type of insurance

Although the domestic insurance sector observes the dynamics of growth, the negative impact of the pandemic has not spared the insurance market

Types of insurance in Azerbaijan that observed an increase in premiums

Among the types of voluntary insurance, premiums on life insurance increased by 20% and on non-life insurance by 8%

Types of insurance with increased and reduced payments

The Center for Analysis of Economic Reforms & Communications has presented an overview of the insurance market over the first half of 2020

Insurance premiums have increased

Two-way recovery was observed in the domestic insurance market over the first 6 months of 2020

Amrah Sigorta founders look for a buyer – Is insurer under sale or close?

The matter of closing or sale of Amrah Sigorta is on agenda

5 insurers that paid the least amount of compensations

For the first 6 months of 2020 the total amount of compensations paid by five insurance companies in Azerbaijan totaled AZN 155.586 million

Companies that paid compensations most of all in Azerbaijan

Over Jan-Jun 2020 the insurers paid compensations for totally AZN 184.843 million

Insurers that collected the least amount of premiums in Azerbaijan

The Central Bank has published the financial position of the insurers operating in Azerbaijan for Jan-Jun 2020

PASHA Heyat Sigorta becomes premium leader for 1st half of 2020

The Central Bank has published the financial position of insurance companies operating in Azerbaijan

Insurers that report about declined and increased premiums

The latest state of the insurance market in Azerbaijan has been unveiled

List of insurers with too lowered and grown premiums

The data has been published about the latest state of the domestic insurance market in Azerbaijan