MHI Agency opens its 8th branch

Azsigorta shareholders to gather for a meeting

Growth on voluntary insurance premiums reported

Data unveiled on growth of insurance compensation payment

Compensation payments on life insurance grew 2.3-fold up to AZN 283 million in Azerbaijan and on non-life insurance by 3.1% up to AZN 182.15 million for 2020

Report for 2020 says of growth of life insurance premiums

The Central Bank has published a report on the insurance companies operating in Azerbaijan.

Azerbaijan reports a rise on insurance premiums by 7% and compensation payments by 54.3% for 2020

The insurance premiums for AZN 728.6 million were gathered in Azerbaijan for the past year

Districts with highest rate of mandatory health insurance services

This company is allowed some types of insurance

Supervisory authority has issued a permit to Bakı Sığorta for some types of compulsory property insurance and mandatory insurance of vehicle owner’s civil liability

A-Qroup shareholders to discuss last year`s results

The A-Qroup`s shareholders are to gather for an extraordinary meeting on 19 February 2021, reports ABC.AZ

Central Bank chose two insurers

The Central Bank of Azerbaijan has completed an open tender procedure for insurance of fixed assets, cash and transport vehicles

Licenses of two more insurers revoked

The licenses of two more insurance companies have been revoked in accord with the relevant decision of the Board of the Central Bank of Azerbaijan

Insurance company announced its liquidation

Insurance Company AXA MBASK announced about its liquidation

Reinsurance company to hold a meeting of shareholders

Compensations and premiums on this type of insurance increased

The insurance premiums on voluntary insurance of motor vehicles for Jan-Nov 2020 were gathered at the level of AZN 34.447 million

Mandatory insurance of car owners decreased on 2 indicators

The Central Bank has released monthly statistics on insurance indicators

Insurance companies` premiums have grown

Collection of compulsory health insurance contributions begins

Since 1 January 2021 in accordance with the Law on Medical Insurance the collection of mandatory medical insurance contributions from employees of the state and oil sectors, non-state and non-oil sectors, individuals performing works (services) on the basis of civil contracts, and individuals engaged in entrepreneurial activities will begin.

Azerbaijan Industrial Insurance to pay dividends to shareholders

Azerbaijan Industrial Insurance is to gather its shareholders for an extraordinary general meeting on 25 January 2021

Mandatory health insurance to be introduced in 7 districts and cities in April

Mandatory health insurance to be introduced in Khankendi, Khojali and Shusha

Since January 2021 Azerbaijan is planning to introduce mandatory health insurance in 36 cities and districts of the country, that is, throughout the country

Mandatory health insurance services exempted from VAT for 2 years

The medical insurance services at the expense of the Mandatory Medical Insurance Fund are exempted from VAT by one more year