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.

7 March 2019
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.

28 February 2019
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.

28 February 2019
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.

14 February 2019
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.

7 February 2019
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).

30 January 2019
On January 3, 2019 Fuad KULIEV was appointed as the chairman of the board of directors of the reinsurance company AzRe, according to the company.

25 January 2019
Azer ALIYEV has been appointed the new chairman of the Azerbaijan Insurers Association (ASA). Association's ex-chair Mustafa ABBASBEYLIi has been assigned advisor to Labor & Social Protection Minister Sahil BABAYEV, as analytical and news agency FINEKO and ABC.AZ wrote.

23 January 2019
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 2019
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 2019
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 2019
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 2019