AZERBAIJAN: Life insurance fell below 12.78% of total volume of Azerbaijan's insurance market

Life insurance premiums fell to 12.78% against 13.6% of the overall insurance premiums of Azerbaijan for Jan-June 2012.

The State Insurance Supervision Service under the Ministry of Finance of Azerbaijan reports that by 1 August 2012 three life insurance companies gathered AZN 25.753 million against the 28 insurers' overall premiums of AZN 201.509 million and paid compensations for AZN 1.908 million, while total payments reached AZN 49.469 million.

The basis of the life insurance market consisted of compulsory types of insurance - premiums of AZN 17.269 million and compensation payments of AZN 795.000. Voluntary life insurance brought AZN 8.483 million with compensation payments for AZN 1.113 million.

Read the full story on

Follow XPRIMM Publications on LinkedIn, for more data on the insurance and financial industry.

Share |

Related articles


MetLife named its EMEA head as CEO of Japan unit

MetLife announced that Eric CLURFAIN, currently Executive Vice President and Head of EMEA, has been named Chairman, President and CEO of MetLife Japan - the company's second largest market globally and its largest retail life insurance business, effective Feb. 1, 2019, following approvals.


American International Group appoints new CFO

American International Group announced that it has appointed Mark LYONS to the role of Executive Vice President & Chief Financial Officer (CFO). He succeeds Sid SANKARAN, who will remain at AIG in an advisory capacity through the year-end reporting process for fiscal year 2018.


Wolfgang STOCKMEYER appointed as VIG's BTA Baltic new Board Chairman

Wolfgang STOCKMEYER (49) has been appointed, on 30 November 2018, Chairman of the VIG's subsidiary BTA Baltic Management Board, as part of a series of changes in the composition of its Management Board operated by the main player of Austrian Group in the Baltic region.



Reducing the risks in agriculture by using insurance means, discussed in Skopje

On November 1st, an Agricultural insurance conference took place in Skopje, Macedonia, organized by the Insurance Supervision Agency in cooperation with the Ministry of Agriculture, Forestry and Water Economy. Drawing attention to the necessity of reducing the risks in agriculture by using insurance was the event's main purpose.


IIF 2018 - Insurance in a DIGITAL WORLD

Emmanuel DJENGUE, Innovation Director, Europe - RGAX, Spain is the Keynote Speaker at IIF 2018 - Insurance in a DIGITAL WORLD Conference in Bucharest, on November 27.


See all