Loss ratio grows in compulsory car insurance

The increase in payments for compulsory civil liability insurance of motor vehicle owners (compulsory car insurance) in Azerbaijan has increased the loss ratio for insurance companies.

Has total capital of insurance sector increased or decreased?

The capital position of the insurance sector is in the comfort zone, exceeding prudential requirements

Data published on reinsurance premiums in Azerbaijan

In the 1st half of this year, the reinsurance premiums in Azerbaijan decreased by 10% or 6 million manats against Jan-Jun 2023 to 57 million manats.

Is Bakı Sığorta closing?

The Central Bank has limited the validity period of the license of Bakı Sığorta OJSC.

List of insurance companies with the lowest and largest premiums

Over Jan-Aug 2024, compared with the same months of 2023, the insurance premiums in six out of 17 insurance companies in Azerbaijan declined and in 11 ones increased.

Azerbaijan’s insurance market grows by near 10% this year

Minimum insurance limit for professional liability insurance of appraiser established

Use of Green Card insurance service to be possible in liberated lands

CBA held a meeting with heads of insurance sector

The Central Bank of Azerbaijan (CBA) has held a regular meeting with the heads of the insurance sector.

Premiums on voluntary disability insurance grew 2.4-fold

The data on premiums and payment of compensations on voluntary disability insurance in Azerbaijan for Jan-Jun 2024 has been published.

A-Qroup insurance company's premiums plummet

The report of insurance company A-Qroup on collection of premiums and payment of compensations for Jan-Jun has been published.

Life insurance premiums in Azerbaijan increased by 24%

Over Jan-Jun 2024, 357.728 million manats were collected in Azerbaijan on life insurance and 183.336 million manats on non-life insurance.

Mortgage & Credit Guarantee Fund has chosen insurer

The Azerbaijan Mortgage & Credit Guarantee Fund has completed an open tender procedure for voluntary and compulsory insurance of real estate, as well as compulsory insurance of civil liability related to the operation of real estate.

Premiums reportedly increased on mandatory real estate insurance

The premiums on compulsory real estate insurance have increased in Azerbaijan, while payment of compensation on this type of insurance decreased.

Growth of 4% reported on premiums on compulsory motor vehicle insurance

The premiums and compensation payments on compulsory civil liability insurance of motor vehicle owners have increased in Azerbaijan.

Loss rate for compulsory car insurance disclosed

In Azerbaijan, the loss rate for compulsory civil liability insurance of motor vehicle owners has decreased (the ratio of payment and collection).

Aqrar Sığorta premiums drop by 2 million manats

Aqrar Sığorta has published a report on collection of premiums and payment of compensations for Jan-Jun 2024.

Insurance companies with the lowest pemiums – LIST

Over 725 million manats of insurance premiums collected in 6 months

Over Jan-Jun 2024, 17 insurance companies in Azerbaijan gathered 725.162 million manats of premiums (11.7% more against Jan-Jun 2023)

Central Bank has published a list of insurance companies with which customers are displeased

The Central Bank has once again published a list of insurance companies that receive the most frequent complaints.

Income from social insurance premiums approached 2.8 billion manats

Receipts on contributions to compulsory state social insurance for Jan-Jun 2024 in Azerbaijan, in conditions of “whitewashing” the number of employees and the wage fund approached 2.8 billion manats.