Naxchivan Sigorta`s profit has fallen sharply

Naxchivan Sigorta has published the financial statements for 2019

Court to consider case in connection with bankruptcy of Standard Insurance

A court hearing will be held on 23 June in connection with the declaration of Standard Insurance as a bankrupt

Amount of insurance premiums to change - a new plan developed

Serious innovations are awaiting the insurance sector of Azerbaijan

Three insurers` compensations exceeded collected premiums

In April 2020 the compensation payments of three insurance companies in Azerbaijan exceeded the premiums they gathered

AZN 13,200 of insurance compensations paid due to termination of work

Compensations were paid in Azerbaijan on not so active and not very popular type of insurance among clients

Collection of premiums on this type of insurance reduced by 10%

Over the first 4 months of 2020 (January-April) the domestic insurers gathered AZN 26.226 million of premiums on compulsory car insurance

Insurance compensation payments increased

The amount of insurance premiums for the first 4 months (January-April) of the current year has been published

Rise recorded on two types of insurance premiums

Statement about users of compulsory health insurance

Mandatory health insurance is applied at a high level in 23 districts of Azerbaijan, and the population are using these services

Mandatory real estate insurance observed growth

There is a serious growth in the product of compulsory real estate insurance

A lawsuit between two insurers: one claims money from another

Bakı Sığorta has filed a lawsuit against the Azerbaijani state company

Another insurance broker established

A new insurance broker has been created in Azerbaijan

Chief banker: Ravan Sigorta has capital deficit

The situation of insurance companies has been studied in Azerbaijan in connection with the closure of several banks

Insurer with 5-fold grown premiums for Jan-Apr announced

The premiums of six out of the 22 insurance companies of Azerbaijan observed a decline for the first 4 months of 2020

Azerbaijan unveils list of 6 insurers with lowered premiums for Jan-Apr 2020

For the first 4 months of the year six insurance companies observed a decline in their gathered premiums in Azerbaijan

Meqa Sigorta shareholders to gather for a meeting

The next general meeting of the shareholders of insurance company Meqa Sigorta will be held

Fitch: AzSigorta fails to take a decent position in the market

International rating agency Fitch Ratings has confirmed the financial stability rating of Azerbaijan’s insurance company AzSigorta at the level of ‘B’

Standard Insurance’s license revoked

The Board of the Central Bank of Azerbaijan has taken a decision to cancel the license of local insurer Standard Insurance

Insurers gathered not large premiums despite large insurance potential

Despite the fact that the potential of the insurance sector in Azerbaijan exceeds AZN 1 billion, the premiums of the insurance companies amounted to a maximum of AZN 750 million

Elman Rustamov: Insurance sector is very poorly developed

Azerbaijan is likely to take steps to expand compulsory insurance

Expert: Insurance market has remained uncontrolled since 2016