Location map
author: OCHA/ ReliefWeb

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

- dry, semiarid steppe.

Natural hazards:
- droughts.

Macro indicators
* 2018 estimates
Pop. density*:114.8people/km2
GDP*:39.7EUR billion

Currency: Manat
Code: AZN
Since: 2006

Insurance market portfolio
* 2018 estimates
Overall Property*:12%
Overall Motor*:17%




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Azerbaijan 1H2020 Insurance Companies Rankings

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Azerbaijan 1H2020 Market Portfolio

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Latest news

AZERBAIJAN: pension insurance agreement marks an important step in cooperation with Bulgaria

In November 2019, Azerbaijani Minister of Labor and Social Protection of the Population, Sahil BABAYEV and Bulgarian Ambassador Nikolay YANKOV at the DOST (Sustainable and Operative Social Security) Agency signed an intergovernmental agreement on pension insurance in Baku, as Azernews reported with reference to the Ministry of Labor and Social Protection of the Population.

AZERBAIJAN: the country to expand cooperation with Iran in insurance sector

Over the past year, more than 70% trade growth between Azerbaijan and Iran indicates the development of mutual relations, both countries being keen on the implementation of mutually beneficial business projects, in a bid to stimulate trade volume, according to the Iranian Minister of Economic Affairs and Finance, Farhad DEJPASAND.

AZERBAIJAN: insurance market assets increased by almost 13.5% y-o-y

Total insurance market's assets at the end of 1Q2019 increased by about 13.5% y-o-y, to AZN 1.4 billion (~EUR 0.73 billion), Ibrahim ALISHOV, Acting Chairman of the Board of Financial Market Supervisory Authority of Azerbaijan (FIMSA) said in Baku at the 9th Forum "Insurance in Azerbaijan: Trends & Opportunities".

Just 15 days left until the 2019 edition of the Azerbaijan Insurance Conference; online registrations still opened

Developing several mandatory insurance lines, as well as reforming the agricultural insurance system or taking steps to the market's digitalization and general modernization are the main growth solutions that will be discussed on the occasion of the 2019 edition of the Conference "Insurance in Azerbaijan: Trends & Opportunities", 28 June 2019, Hilton Hotel, Baku, Azerbaijan.