Azerbaijan

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Location map
author: OCHA/ ReliefWeb


Location:
- Southwestern Asia, bordering the Caspian Sea, with a small European portion north of the Caucasus range.
- Neighbours: Turkey, Armenia, Georgia, Russia, Iran.

Climate:
- dry, semiarid steppe.

Natural hazards:
- droughts.

Macro indicators
* 2018 estimates
Surface:86,600km2
Population*:9.9million
Pop. density*:114.8people/km2
GDP*:39.7EUR billion
GDP/capita*:3,990.0EUR

Currency: Manat
Code: AZN
Since: 2006


Insurance market portfolio
* 2018 estimates
TOTAL LIFE*:47%
TOTAL NON-LIFE*:53%
Overall Property*:12%
Overall Motor*:17%

Sources:




 


Statistics

Azerbaijan 1H2019 Market Portfolio

Azerbaijan 1H2019 Insurance Companies Rankings


See all statistics

Latest news



AZERBAIJAN's PASHA Bank talks expansion plans

Azerbaijan's PASHA Bank does not plan to open new branches abroad in the next three years, Taleh Kazimov, chairman of the bank's board, told reporters in Baku Oct. 17.





AZERBAIJAN's Bureau of Compulsory Insurance may switch to self-regulatory mechanism

The Bureau of Compulsory Insurance (ISB) proposes the introduction of a new regulatory mechanism. As it was said in the bureau's report on the results of activity in the first half of the year, the coordinated activity of the actors operating in this sphere creates the conditions for reaching a new level of the quality of relations.

AZERBAIJAN may introduce Europrotocol

The Bureau of Compulsory Insurance (ISB) of Azerbaijan has decided on the tasks for the near future with the aim of ensuring quality in the insurance market. Bureau's report on the results of activity in the first half of 2017 says that Azerbaijan does not have industry standards for determining the amount of damage in the sphere of civil liability insurance for motor vehicle owners.









AZERBAIJAN: Bank VTB Azerbaijan to insure cash machines and cash in them

Bank VTB (Azerbaijan) has announced a tender procedure on the subject of insurance of cash machines and cash in them. The Bank's tender commission reports that bidders can familiarize themselves with the tender documentation at Bank's office (38, Khatayi Avenue; Mezenat Plaza, AZ 1008).


Tougher controls of the MTPL insurance in Azerbaijan

The Azeri Financial Market Supervisory Authority (FIMSA), Ministry of Internal Affairs (MIA) and Compulsory Insurance Bureau (CIB) have concluded an agreement for exchanging information on the MTPL insurance.