Insurance compensation is paid on basis of insured event act

Insurance payment is carried out by the insurer in accordance with the contract or on the basis of the application of the policyholder and the Act on the Insured Event

In what cases insurance contract is considered invalid?

The general provisions of the Law on Insurance contain a range of paragraphs on invalidation of the insurance contract.

Two new insurance companies registered

Two more insurance companies have been registered in Azerbaijan

In what cases should insurers keep records?

The general provisions of the Law on Insurance of Insurers & Brokers contain a number of paragraphs

In what cases insurers may begin operations?

Insurers and insurance brokers may commence operations after obtaining special consent for the relevant types of insurance

Baku to host next International Insurance Forum

The 9th Azerbaijan International Insurance Forum will be organized in Baku on 28 June

Expert: Red tape and problems with payments are still ongoing

List of requirements for CEOs of insurance companies published

Some requirements are imposed on CEOs of insurance companies of Azerbaijan

Prohibitions in field of insurance – LIST

Expert: Types of insurance to develop in near future

The insurance market in Azerbaijan is dynamic and is developing in an upward direction

AZN 67 million of insurance compensations paid for Jan-Apr 2019

Over Jan-Apr 2019 the total premiums of insurers in Azerbaijan amounted to AZN 265.3 million and compensation payments AZN 66.7 million

Three insurers passed certification

The Financial Market Supervision Authority informs that certification of candidates for policy-making positions in the insurance company and individuals who applied for insurance mediator license and actuarial certificate has been conducted

Ateshgah gathered AZN 20 million of insurance premiums for Q1 of 2019

Insurance group Ateshgah has presented its financial statements for the 1st quarter of 2019

Restrictions imposed on state insurance commercial company abolished

Limited activity of Azerbaijan`s only state-run insurer

The Financial Market Supervision Authority has limited the license of the only state commercial insurance company - AzerSigorta

Validity of insurance license given to AXA MBASK limited

Orhan Mammadov appointed chairman of board at AtaSigorta

Some changes have been conducted in the management of insurance company AtaSigorta

Insurers in Azerbaijan collected AZN 201 million for Jan-Mar 2019

Azerbaijani insurance companies gathered premiums for AZN 201.17 million and paid compensations for AZN 46.2 million in the first quarter of 2019

Three insurers passed certification

The Financial Markets Supervision Authority carried out certification for persons whose appointment is provided for executive positions in insurance

New finance director appointed at Pasha Holding

Some changes have occurred in the Board of Azerbaijani insurance company PASHA Sigorta

Agricultural insurance risks announced

The new Draft Law on Agricultural Insurance defines the risks for agricultural insurance in Azerbaijan