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.

List of insurance companies with reduced income

Out of the 20 insurance companies operating in Azerbaijan, eight ones had low incomes last year compared with the previous year.

Xalq Sığorta chairman of board replaced

The chairman of board of Xalq Sığorta has been replaced.

Changes in Günay Sığorta: newly-appointed chair removed from office

By Günay Sığorta shareholders’ decision, the chairman of board has been replaced again.

Heads of insurance companies replaced

The heads of insurance companies Meqa Sığorta and Meqa Həyat Sığorta have been replaced.

New chair appointed at Aqrar Sığorta

The chairman of board of joint insurance company Aqrar Sığorta has been replaced.

Real estate insurance system to be launched in near future

The new electronic real estate insurance system in Azerbaijan will be launched in the near future.

CBA prepares new strategy on management of insurance sector

The Central Bank of Azerbaijan is preparing a new corporate governance strategy for the insurance sector.

AzSigorta premiums decreased slightly

Insurers collected premiums for over AZN 3 million from ‘Green cards’ for Jan-Mar

Growth of introduction of compulsory real estate insurance is expected

The introduction of compulsory real estate insurance is expected to increase in Azerbaijan in 2023.

All types of compulsory insurance to be transferred to e-format by end of 2023

By the end of 2023, all types of compulsory insurance will be transferred to electronic format

Last year, 4.5 million people provided with medical aid within CHI

Mine Action Agency to direct over AZN 1.6 million for insurance at PAŞA Sığorta

This company to compensate for Azersky satellite