Licenses of 2 insurance mediators cancelled in Azerbaijan

Compulsory Insurance Bureau is being liquidated – MPs held a discussion

The Compulsory Insurance Bureau may be liquidated by a special law.

Ombudsman insured for 180,000 manats in Azerbaijan

The ombudsman will be insured without fail in the amount of a 5-year official salary.

New appointment at Xalq Sığorta management

Insurers earned AZN 14 million in Azerbaijan

The expenses of insurance and reinsurance companies of Azerbaijan for conducting business for Jan-Mar 2023 amounted to AZN 61.675 million

Is Compulsory Insurance Bureau being liquidated?

The Compulsory Insurance Bureau may be liquidated by a special law.

New chairman of PAŞA Sığorta Board of Directors appointed

The chairman of the Board of Directors of PAŞA Sığorta has been replaced.

Central Bank chairman: Shortcomings in activities of insurance agents should be eliminated

The transition to a funded system in connection with compulsory car insurance in Azerbaijan is not expected in the near future.

New system comes into force today: who will issue a fine?

From June 1, that is, from today, citizens who have not insured their homes will be fined.

CBA chairman meets with insurance agents

A meeting with current insurance agents has been held at the Central Bank of Azerbaijan (CBA).

Insurance companies with this year’s decreased premiums

Following Jan-Apr 2023, out of 20 insurance companies in Azerbaijan, the premiums of 16 insurers increased and the premiums of four ones decreased against Jan-Apr 2022

Insurance companies with increased payments this year

It would be advisable to set lower tariffs - MP spoke about insurance

There were discontent about compulsory real estate insurance. Some experts believe that this is contrary to the law.

Insurance companies that ended last year with losses

Out of the 20 insurance companies operating in Azerbaijan, seven insurers finished last year with losses.

Insurers with decreasing net profit

Out of the 20 insurance companies operating in Azerbaijan, four insurers 4 had low (net) profit last year compared with the previous year.

Xalq Sığorta suffered losses of AZN 3 million for past 4 months

Azerbaijani insurance company Xalq Sığorta has published the report on premiums and compensation payments for Jan-Apr 2023.

Insurers that did not make financial profit last year

Seven out of the 20 insurance companies operating in Azerbaijan did not receive financial profit last year.

Insurance companies with decreasing profits

Four out of the 20 insurance companies operating in Azerbaijan had lower financial profit last year compared with the previous year.

Undocumented housing can also be insured

Insurance companies with rising costs - List

Expenses of seven out of 20 insurance companies operating in Azerbaijan were lower last year than a year earlier.

Insurers’ with authorized capital exceeding AZN 15 million

Out of the 20 insurance companies operating in Azerbaijan, five had authorized capital of at least AZN 15 million as of 1 January 2023.