On October 5, 2018, the rating agency S&P affirmed "B/B" long- and short-term foreign and local currency sovereign credit ratings on Belarus with a stable outlook, as the Finance Ministry of the Republic announced.
According to Ibrahim ALISHOV, executive director of the Azerbaijan Financial Market Supervisory Authority (FIMSA), GWP on the Azeri market in 2018 may exceed last year's figure.
For the period of January-August, Azeri insurers' GWP amounted to AZN 516.924 million (+40.1% y-o-y), as the financial market supervisory authority reported. Paid claims reached AZN 168.582 million (+0.9%).
The Azeri market will continue to grow in 2018 according to the Chairman of the Mediator Committee of the Azerbaijani Insurers Association (ASA), Hayal MAMEDHANLI. Based on his opinion, the market may reach AZN 600 million this year (AZN 30 million more than in 2017).
Compulsory health insurance in Azerbaijan will be fully implemented within five years, according to the director of the State Agency for Compulsory Health Insurance under the Cabinet of Ministers of Azerbaijan Zaur ALIYEV.
For the first 7 months of the year insurers of Azerbaijan generated GWP in the amount of AZN 459.9 million (~EUR 230.87 million). Total market paid claims for the period reached AZN 145.9 million (~EUR 73.24 million), according to The Financial Markets Supervision Chamber of Azerbaijan.
In the first half year Azeri insurers generated GWP almost 44% more if compared to the same period last year, while paid claims of the market dropped by 4.10%, based on the data, published by the Financial Market Supervisory Authority of Azerbaijan.
AzSigorta, one of the leading Azeri insurers, generated AZN 4.2 million* of net profit for the first half year 2018, according to the company's official report.
Compulsory Insurance Bureau of Azerbaijan summed up half year results in terms of the total number of insurance events and paid claims, as informed on the official website of the Bureau.