Azerbaijan
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Azerbaijan 1H2019 Market Portfolio
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Azerbaijan's financial regulator limits licenses of 2 insurance companies
2019-04-18AZERBAIJAN: AXA terminates sale agreement with AXA MBask Insurance Company
The decision to liquidate AXA Mbask Insurance was made after an agreement of intent to sell the company's shares, concluded between AXA and Elkhan GARIBLI on May 21, 2018. The agreement has lost its legal force, the company announced.
2019-04-10AZERBAIJAN: The market grew by 2% y-o-y in Jan-Feb
According to The Financial Market Supervisory Authority of Azerbaijan, total market GWP in January-February amounted to AZN 132.82 million (~EUR 68.69 million), 2.05% more y-o-y. Total paid claims dropped by 18.2%, to AZN 33.12 million (~EUR 17.13 million), Trend News Agency reports.
2019-04-10AZERBAIJAN's insurance market grows by just over 2%
2019-04-08AZERBAIJAN: AM Best Revises Outlooks to Negative for PASHA Insurance OJSC
2019-04-08AZERBAIJAN: Xalq Life Insurance becomes 4th life insurer in the country
The Azerbaijan's Market Supervisory Authority (FIMSA) approved the license of Xalq Life Insurance for insurance activity on March 27, Trend reported.
2019-04-04AZERBAIJAN: the Compulsory Insurance Bureau has made new appointments
The Board of Trustees for the Compulsory Insurance Bureau of Azerbaijan (ISB) has new appointments. Azer ALIYEV has been appointed Chairman of the Board of Trustees, replacing Lana GOZALOVA, first deputy chairman of the AXA Mbask Insurance Company in this position, Trend wrote.
2019-04-04New appointments in Azerbaijan's CIB
2019-04-01AZERBAIJAN: according to Association of Insurers, market development will accelerate this year
According to the Chairman of the Association of Insurers of Azerbaijan (ASA) Azer ALIYEV, thanks to newly approved insurance rules and the introduction of new voluntary types of insurance, the local market's development will accelerate this year, Trend News Agency reports.
2019-03-07PASHA Life leads among insurance companies in Azerbaijan
2019-03-03Azerbaijan`s head: next year Azerbaijan to switch to system of compulsory medical insurance
2019-03-03AZERBAIJAN: in January local insurers generated GWP 6.5% more y-o-y
For January, 2019, Azeri insurers generated GWP in the amount of AZN 88.2 million (+6.57% y-o-y), according to the Chamber of Supervision of Financial Markets of Azerbaijan.
2019-02-28AZERBAIJAN: in January local insurers generated GWP 6.5% more y-o-y
For January, 2019, Azeri insurers generated GWP in the amount of AZN 88.2 million (+6.57% y-o-y), according to the Chamber of Supervision of Financial Markets of Azerbaijan.
2019-02-28AZERBAIJAN: AzSığorta ended 2018 with profit of AZN 4.7 million, capitalization increased by 16% y-o-y
AzSıgorta, which in terms of GWP ranked 8th on the local market in 2018, ended last year with profit of AZN 4.7 million, according to the Chairman of the board of the company, Anar TALYBOV.
2019-02-14Digitalization to drive insurance market development in Azerbaijan
2019-02-10Azerbaijan's AXA MBASK talks its possible termination
2019-02-10Compulsory medical insurance to be valid throughout Azerbaijan since 2020
2019-02-07AZERBAIJAN: temporary administration institution established in insurance
The presidential decree of Ilham ALIYEV on amending the Law on insurance activity provides for the right of the Financial Market Supervisory Authority of Azerbaijan to introduce temporary administrators in Azeri insurance companies or dismiss their top management from duty, as the news agency Trend wrote.
2019-02-07New appointment in Azerbaijani insurance company
2019-02-05STATISTICS: AZERBAIJAN, FY2018: market result denominated in euro saw an impressive growth, of over 36%
In 2018 Azeri insurers generated GWP in the amount of almost AZN 728 million (+30.7% y-o-y), data published by the Financial Market Supervisory Authority of Azerbaijan (FIMSA) show. In European currency, thanks to the Azeri Manat appreciation against Euro, the market results look much more impressive, increasing to EUR 373 million (+36.36% y-o-y growth).
2019-01-30
