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Yavuz OLKEN appointed Chairman of the Board of Directors of Azerbaijani AXA MBASK
Yavuz OLKEN has been appointed Chairman of the Board of Directors of the Azerbaijani insurance company AXA MBASK, the Trend news agency reports referring to the company's website.
9 January 2019AZERBAIJAN: Ata Sigorta's license for reinsurance temporary suspended
The Financial Markets Supervision Chamber of Azerbaijan (FIMSA) suspended the license issued to Ata Sigorta for the reinsurance operations, because of the non-conformity of Ata Sigorta's capitalization for provision of reinsurance services, FIMSA said in its statement.
9 January 2019AZERBAIJAN: compulsory real estate insurance GWP increased by 18% y-o-y in January-October, while the leading compulsory class - MTPL went up only by 1.61%
According to the Chairman of the ASA Mustafa ABBASBEYLI, compulsory real estate insurance in Azerbaijan in 2019 may double its volume, as Trend wrote. He pointed out that as of now the penetration degree of the compulsory real estate insurance in Azerbaijan is about 10-15%.
9 January 2019AZERBAIJAN: insurance market in 2018 may reach a record GWP volume, of over AZN 700 million
For 11 months of 2018 Azeri insurers generated GWP of AZN 663.9 million (31.7% more y-o-y) and paid claims amounted to AZN 224.1 million (3% less y-o-y), according to the Financial Markets Supervision Chamber of Azerbaijan (FIMSA).
9 January 2019AZERBAIJAN: Pasha Hayat Sigorta Continues Its Leadership in Insurance Fees and Payments
2 January 2019AZERBAIJAN: ASA announced the rating list of insurers for November
The Azeri Association of Insurers of (ASA) announced the results of the rating action considering insurance companies' level of service and customer attitude for November, according to the ASA official statement.
19 December 2018Azerbaijani insurers eye to revive compulsory real estate insurance market
13 December 2018Azerbaijan expects increase in premiums on compulsory insurance of vehicles
9 December 2018AZERBAIJAN: the market y-o-y growth exceeded 33% as of the end of October
GWP of Azerbaijani insurance companies in January-October 2018 amounted to AZN 617.2 million (+33.4% y-o-y), according to the report of Azerbaijan's Financial Market Supervisory Authority (FIMSA).
5 December 2018AZERBAIJAN: Xalq Hayat Sigorta may become a new life insurer
Insurance company Xalq Hayat Sigorta was registered on November 23 and has applied to Azerbaijan's Financial Market Supervisory Authority (FIMSA) for obtaining an insurance license, the news agency Trend wrote.
5 December 2018Azerbaijan's Xalq Life Insurance appeals for license
2 December 2018QALA Insurance has announced ambitious plans for 2019
Azerbaijani QALA Insurance plans to collect AZN 16 million in premiums by the end of 2018, which would mean a 54.1% y-o-y growth, Deputy Chairman of the company Taleh YUSIFOV said recently, quoted by Trend.
29 November 2018AZERBAIJAN: MTPL reaches its peak, and life insurance may become the next market leader
According to the Chairman of the Azerbaijan Insurers Association (AIA) Mustafa ABBASBAYLI, MTPL on the Azeri insurance market is reaching its peak, Trend News Agency informed.
29 November 2018AZERBAIJAN: nationwide introduction of compulsory health insurance postponed to 2020
Nationwide introduction of compulsory health insurance in Azerbaijan was postponed from 2019 to 2020, reports the Analytical and Information agency FINEKO and ABC.AZ.
8 November 2018STATISTICS: AZERBAIJAN, 3Q2018: GWP exceeded last year's full amount and reached AZN 568.5 million
For 9 months this year the Azeri market generated GWP up by 37.21% y-o-y, thus overcoming the figure of the last full year of AZN 500 million (AZN 568.54 million), as the data, published by the Financial Market Supervisory Authority of Azerbaijan (FIMSA) show.
1 November 2018Changes await Azerbaijan's insurance market - association
18 October 2018AZERBAIJAN: Agro insurance and insurance against accidents at work may contribute to market development in 2019
The Azeri insurance market will undergo changes that lead to a decrease in premiums on certain types of insurance next year, said Chairman of the Azerbaijan Insurers Association (AIA) Mustafa ABBASBAYLI. Agro insurance and insurance against accidents at work may contribute to market development.
18 October 2018BELARUS: S&P Global affirms "B/B" credit ratings for Belarus
On October 5, 2018, the rating agency S&P affirmed "B/B" long- and short-term foreign and local currency sovereign credit ratings on Belarus with a stable outlook, as the Finance Ministry of the Republic announced.
11 October 2018Azerbaijan State Examination Center opens tender for insurance services
10 October 2018Management changes in Azerbaijan's insurance company
10 October 2018XPRIMM Newsletter
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