New CIB executive director appointed

Vusal Masliyev has been appointed the executive director of the Compulsory Insurance Bureau by the decision of the CIB Board of Trustees.

Payments on voluntary property insurance in Azerbaijan grew by 30%

The data has been unveiled on the premiums and compensation payments on voluntary property insurance in Azerbaijan.

Loss-making on compulsory insurance of civil liability of motor vehicle owners grew by 17%

The loss rate on compulsory civil liability insurance of motor vehicle owners has decreased in Azerbaijan.

Data unveiled on voluntary insurance premiums

The data has been published in Azerbaijan on premiums and compensation payments on voluntary insurance.

Azerbaijan records compulsory insurance premiums

Compulsory insurance premiums and compensation payments have increased in Azerbaijan.

Payments on compulsory car insurance grew by 32%

Azerbaijan has recorded growth on the premiums and compensation payments on compulsory civil liability insurance of motor vehicle owners.

Insurers with the largest reduction on premiums

Compared with the same months of 2023, the premiums of seven out of 20 insurance companies in Azerbaijan observed decline for Jan-May 2024.

Insurance market has grown in Azerbaijan

Withdrawal of any insurer from insurance market is not expected

The financial indicators of all insurers operating in Azerbaijan fully comply with the prudential requirements of the Central Bank (CBA), ABC.AZ reports, quoting CBA general director Ziya Aliyev.

CBA chair: Volume of insurance market exceeds 1% of GDP

Taleh Kazimov: Azerbaijan's economy enters new era

Azerbaijan's economy has embarked on a new stage where the financial sector, including the insurance industry, plays a crucial role.

Insurance market needs these reforms

Reforms are needed for growth of the insurance market in Azerbaijan.

Insurance agency’s chair: Budget of Compulsory Health Insurance Fund reaches 3 bn manats

The budget of the Compulsory Health Insurance Fund has reached 3 bn manats.

Certain work underway in insurance sector to ensure sustainable financing

In connection with insurance, a number of important works are being carried out to facilitate the work of insurers, Central Bank’s chairman Taleh Kazimov said at the international insurance forum in Baku.

Interest in voluntary loan insurance grew by 67% 

Type of insurance, whose premiums dropped by 5,000 manats – Report   

Investments in Azerbaijan to be insured

Interest in this type of insurance increased by 61%

Farid Abdurakhmanov appointed to a senior position at Mega Hayat Sigorta

A new appointment to the board of Meqa Hayat Sigorta has taken place.

Qala Həyat Sığorta premiums lowered

Qala Həyat Sığorta has published the report on premiums and compensation payments for Jan-Apr 2024.

List of types of insurance that are of the greatest and least interest in Azerbaijan

Following Jan-Apr 2024, the insurance market of Azerbaijan grew by 16%, that is, by 75.3 million manats.