80% of insurance payments in Azerbaijan account for 5 companies

Compulsory premiums have risen sharply

Chairman of Naxçıvan Sığorta has left his post

Has Azerbaijan's insurance market grown or shrunk?

New chairman of Insurers Association elected

The new chairman has been elected to the Supervisory Board of the Azerbaijan Insurers Association (ASA).

Insurance agents prepare appeal to country's leadership about situation in industry

Some insurance agents operating in Azerbaijan as individuals are currently preparing an appeal to the country's leadership to protest against the current situation in the sector.

Insurers’ premiums within Green Card system increased

The insurance companies of Azerbaijan, which have the right to operate within the Green Card system, concluded 22,187 insurance contracts and gathered premiums for 3.018 million in 2022.

AZN 140,000 compensated to foreign owners of vehicles in 2022

Insurance compensations for totally 139,947 manats were paid on 57 road traffic accidents committed in Azerbaijan by foreign owners of vehicles.

Compensations paid by 4 companies for January exceed AZN 2 million

The amount of compensations paid last month exceeded AZN 2 million on four insurance companies of Azerbaijan.

Azerbaijan's insurance market grew in January

20 insurance companies of Azerbaijan collected premiums for AZN 133.948 million in January 2023 (13.7% more than in January 2022).

Form the report to insurer and procedure of its submission endorsed

The form and procedure of submitting to the insurer a report on the state mandatory personal insurance premiums paid by the policyholder and insured persons has been approved.

Procedure for providing state mandatory payment of personal insurance approved

The procedure for providing the state mandatory payment of personal insurance has been approved.

The insurance agency liquidated

Günəş Sığorta Agentliyi LLC has announced about its liquidation.

Personnel appointment at PAŞA Sığorta

Personnel appointment has been made at PAŞA Sığorta. So, since February, the new head of company's Agile property and Auto Unit management direction has been appointed.

Naxçıvansığorta’s premiums have decreased

The activity of Nakhchivan-based insurance company Naxçıvansığorta was not successful in 2022. Thus, its client market, including insurance premiums, decreased by 177,000 manats.

Another ban for insurance agents

There has been another unpleasant innovation in the insurance market of Azerbaijan in relation to insurance mediators – agents.

Aqrar Tədarük və Təchizat looks for insurer

Aqrar Tədarük və Təchizat holds a tender for voluntary (CASCO) insurance of Hyundai HD 78 trucks for a period of 12 months.

Ipək Yolu Sığorta refused from this type of insurance

New appointments at Atəşgah and Atəşgah Həyat companies

New positions of general director have been established in Atəşgah and Atəşgah Həyat insurance companies.

Are citizens charged extra money for compulsory car insurance?

Cars can be insured via Internet from next week

The problem with compulsory car insurance in Azerbaijan will be solved in the coming days.