Cargo insurance in Azerbaijan increased by 16%

Azerbaijan has reported on growth of cargo insurance premiums.

Premiums on this type of insurance reduced

Azerbaijan reports growth on property insurance premiums

Azerbaijan has recorded growth on property insurance premiums.

Company that reduced premiums more than by AZN 4 million - Details

The report of Ipək Yolu Sığorta OJSC on premiums and compensation payments for Jan-Aug 2023 has been published.

Accumulative life insurance premiums grew by 35%

Accumulative life insurance premiums have increased in Azerbaijan.

Insurers’ profit on compulsory car insurance increased sharply

Property fire insurance premiums increased by 24%

Loss rate on voluntary insurance increases slightly in Azerbaijan

The loss rate on voluntary insurance (ratio of compensation payments to premiums) in Azerbaijan has increased slightly.

This insurer’s premiums decreased by AZN 11 million

Insurance company Xalq Sığorta OJSC has published the report of on premiums and compensation payments for Jan-Aug 2023.

Life insurance payments decreased by 38% versus last year

The life insurance market in Azerbaijan has grown 2.4-fold for the past 8 months of 2023.

Insurance premiums in Azerbaijan increased by 29% in 8 months

Insurance premiums for AZN 846.854 million were gathered in Azerbaijan through 20 insurance companies for Jan-Aug 2023.

Bakı Sığorta premiums reduced in 1st half of 2023

Bakı Sığorta completed the 1st half of 2023 with profit of 252,000 manats (profit for Jan-Jun 2022 – 103,000 manats), which is 2.4-fold more than a year earlier.

Personnel change at Naxçıvan Sığorta

A personnel change has been made in insurance company Naxçıvan Sığorta.

PAŞA Həyat Sığorta gathered premiums for AZN 327 million

PAŞA Sığorta collected premiums for AZN 188.9 million

Bakı Sığorta premiums decreased

Bakı Sığorta gathered premiums for AZN 3.2 million for Jan-Jul 2023 (12.9% less versus Jan-Jul 2022).

Azsığorta premiums declined

Rating of insurance companies by number of complaints

Appointment to Board of Directors at Meqa Sığorta

The position of one of the members of the Board at Meqa Sığorta has become permanent.

Central Bank suspends licenses of 14 insurance agents

Mandatory real estate insurance increased for Jan-Jul