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AZERBAIJAN: changes in the board of the only reinsurance company - AzRe
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.
2019-01-25AZERBAIJAN: Azer ALIYEV re-heads Azerbaijan Insurers Association
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.
2019-01-23Mandatory health insurance system to be applied in all Azerbaijani hospitals
2019-01-21Yavuz 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.
2019-01-09AZERBAIJAN: 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.
2019-01-09AZERBAIJAN: 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%.
2019-01-09AZERBAIJAN: 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).
2019-01-09AZERBAIJAN: Pasha Hayat Sigorta Continues Its Leadership in Insurance Fees and Payments
2019-01-02AZERBAIJAN: 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.
2018-12-19Azerbaijani insurers eye to revive compulsory real estate insurance market
2018-12-13Azerbaijan expects increase in premiums on compulsory insurance of vehicles
2018-12-09AZERBAIJAN: 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).
2018-12-05AZERBAIJAN: 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.
2018-12-05Azerbaijan's Xalq Life Insurance appeals for license
2018-12-02QALA 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.
2018-11-29AZERBAIJAN: 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.
2018-11-29AZERBAIJAN: 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.
2018-11-08STATISTICS: 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.
2018-11-01Changes await Azerbaijan's insurance market - association
2018-10-18AZERBAIJAN: 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.
2018-10-18
