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Azerbaijan'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 2018AZERBAIJAN: FIMSA expects the market to overcome the last year's result
According to Ibrahim ALISHOV, executive director of the Azerbaijan Financial Market Supervisory Authority (FIMSA), GWP on the Azeri market in 2018 may exceed last year's figure.
4 October 201810 insurance companies of Azerbaijan provide over 90% of insurance payments on market
3 October 2018AZERBAIJAN: annual growth rate of premiums in January-August exceeded 40%
For the period of January-August, Azeri insurers' GWP amounted to AZN 516.924 million (+40.1% y-o-y), as the financial market supervisory authority reported. Paid claims reached AZN 168.582 million (+0.9%).
27 September 2018AZERBAIJAN: the insurance market in 2018 may reach AZN 600 million
The Azeri market will continue to grow in 2018 according to the Chairman of the Mediator Committee of the Azerbaijani Insurers Association (ASA), Hayal MAMEDHANLI. Based on his opinion, the market may reach AZN 600 million this year (AZN 30 million more than in 2017).
19 September 2018Azerbaijan to have new rules of regulating insurance cases
17 September 2018AZERBAIJAN's Central Bank to buy health insurance services via tender
9 September 2018French insurance group talks delay in sale of subsidiary in Azerbaijan
9 September 2018AZERBAIJAN: Compulsory health insurance to be fully implemented within the next 5 years
Compulsory health insurance in Azerbaijan will be fully implemented within five years, according to the director of the State Agency for Compulsory Health Insurance under the Cabinet of Ministers of Azerbaijan Zaur ALIYEV.
6 September 2018AZERBAIJAN: Voluntary insurance premiums for January-July amounted to 73% of the market
For the first 7 months of the year insurers of Azerbaijan generated GWP in the amount of AZN 459.9 million (~EUR 230.87 million). Total market paid claims for the period reached AZN 145.9 million (~EUR 73.24 million), according to The Financial Markets Supervision Chamber of Azerbaijan.
5 September 2018Azerbaijan sees rise in life insurance fees
29 August 2018
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