AzSigorta completed 2023 with net profit of over 1.5 million manats

AzSigorta OJSC finished 2023 with net profit of 1.58 million manats. However, in 2022, the company suffered loss of 2.1 million manats.

Insurance premiums increased by 9% and compensation payments by 37%

Over Jan-Feb 2024, the insurance premiums in Azerbaijan amounted to 240 million manats (9% more against Jan-Feb 2023).

Central Bank halts licenses of 32 insurance agents

Azerbaijan insurance sector assets increased in 2023

Insurance agent under liquidation in Azerbaijan

Insurance agent Kompas-Konsaltinq LLC has announced about its liquidation.

Qala Həyat Sığorta premiums decreased by 17%

Qala Həyat Sığorta has published the report on premiums and compensation payments for January 2024.

Payments on this type of insurance doubled

The premiums and payments on voluntary property insurance against fire and other risks have increased in Azerbaijan.

Interests on types of air transport insurance has grown in Azerbaijan

Air transport insurance premiums have increased in Azerbaijan.

Premiums on this type of insurance increased

The premiums and compensation payments on voluntary accident and disease insurance have increased in Azerbaijan.

Decline reported on premiums on insurance of travelers abroad

Azerbaijan observes decline on the premiums and growth on compensation payments on insurance of citizens traveling abroad.

New chairman appointed at AtaSigorta

The new chairman of board has been appointed at AtaSigorta.

Bakı Sığorta premiums decreased

Bakı Sığorta OJSC has published on premiums and compensation payments for January 2024.

Xalq Sığorta premiums declined by 75% - Report

Xalq Sığorta OJSC has published the report premiums and compensations for January 2024 for January 2024.

Profitability in life insurance market grows - Report

Profitability in the life insurance market is growing in Azerbaijan in January 2024.

Aqrar Sığorta's premiums observed decline by 23% - Report

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

Premiums on voluntary insurance of car owner’s civil liability increased

The premiums on voluntary civil liability insurance of motor vehicle owners increased in Azerbaijan.

Payments on this of insurance declined and premiums increased

Azerbaijan observed an increase of premiums and decline on compensation payments within compulsory civil liability insurance for operation of real estate in January 2024.

Seven insurance companies reduced premiums - List

Azerbaijan's insurance market has grown

In January 2024, the insurance premiums for 139.114 million manats were collected through 17 insurers of Azerbaijan.

Ipək Yolu Sığorta's profit decreased — The company shrank

Ipək Yolu Sığorta completed 2023 with profit of 667,000 manats (27% less versus 2022 - 913,000 manats).

A-Group’s core operating income declined - Report

A-Qroup Sığorta Şirkəti (A-Group) has announced the financial results for 2023, and it became known that company's core operating income decreased, ABC.AZ reports with reference to company's financial statements.