Gunay Sigorta premiums drop sharply – what is going on in the company?

Gunay Sigorta’s premiums have decreased sharply this year.

Central Bank published results of attestations in insurance sector

On 29 and 30 November 2022, the Central Bank passed certifications in the insurance sector.

Companies with lowest premiums for Jan-Oct

The rating of the insurers that collected the largest and smallest number of premiums has been published.

Five insurers gathered the largest number of premiums

The insurance premiums in Azerbaijan were collected for AZN 797.625 million over the past 10 months.

Companies with least insurance payments for Jan-Oct 2022

Insurers that paid the highest compensations

Type of insurance with sharply reduced payments

Central Bank's report for Jan-Oct 2022 says about an increase on life insurance and decrease on non-life insurance.

Data on two types of insurance published – growth on one of them and decline on another

The Central Bank has published the financial indicators of the insurance sector for Jan-Oct 2022.

Azerbaijan observes growth of voluntary insurance

Over the past 10 months the insurers companies gathered AZN 601.85 million of voluntary insurance (24.7% more versus Jan-Oct 2021)

Insurance market of Azerbaijan inreased by 13%

The data on the insurance sector of Azerbaijan for Jan-Oct 2022 have been published.

Central Bank has chosen an insurer

AzSigorta lowers authorized capital more than by AZN 6 million

Social insurance premiums increased for 10 months

Günay Sığorta premiums sharply decreased this year

The premiums of Günay Sığorta, one of the participants in the insurance market of Azerbaijan, have sharply decreased this year.

84% of paid compensations in Azerbaijan accounted for 5 insurers

Out of AZN 318.615 million of compensations paid in Azerbaijan for Jan-Sept 2022, AZN 266.35 million or 83.6% accounted for 5 insurers.

Insurers that could gather most of all premiums for Jan-Sept

Out of AZN 731.2 million of premiums collected by the Azerbaijani insurers for Jan-Sept 2022, AZN 583.56 million or 79.8% accounted for 5 insurance companies.

Qala Sigorta’s savings observed decline this year

The figures on the savings of Qala Sigorta, one of the participants in the insurance market of Azerbaijan, are disappointing this year. Amid the reduction in the customer base, there was decline in the volume of company's shares.

Certification to be held in insurance sector

Certification in the field of insurance will take place on October 20, 2022.

MP sharply criticized insurance companies

Although there are a significant number of insurance companies in Azerbaijan, citizens' dissatisfaction with this service is very high.

Central Bank revokes licenses of 29 insurance agents

The Central Bank of Azerbaijan has revoked licenses of 29 individuals for activity as insurance agents.

List of insurance companies with good position

In order to increase consumer awareness in the field of compulsory auto insurance and fair behavior of insurers towards consumers, it was decided to publish a “complaints index” calculated on complaints received by the Central Bank.